NESTLE Announces Quarterly Results (2QFY19); Net Profit Up 30.0%

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NESTLE Announces Quarterly Results (2QFY19); Net Profit Up 30.0%
Fri, 9 Nov

NESTLE has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

NESTLE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m25,14126,98429,3948.9%16.9%
Other incomeRs m43060267011.3%55.7%
TurnoverRs m25,57127,58630,0649.0%17.6%
ExpensesRs m19,30120,53422,1427.8%14.7%
Gross profitRs m5,8406,4507,25212.4%24.2%
DepreciationRs m86481793013.8%7.7%
InterestRs m229283275-2.8%20.1%
Profit before taxRs m5,1785,9536,71812.8%29.7%
TaxRs m1,7462,0032,25712.7%29.2%
Profit after taxRs m3,4323,9504,46112.9%30.0%
Gross profit margin%23.223.924.7
Effective tax rate%33.733.633.6
Net profit margin%13.414.314.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 16.9% on a year-on-year (YoY) basis. The expenses were up by 14.7% YoY during the same period.
  • The company's operating profit increased by 24.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.7% in 2QFY19 as against 23.2% in 2QFY18.
  • Depreciation charges increased by 7.7% and finance costs increased by 20.1% YoY, respectively.
  • Other income increased by 55.7% YoY during the quarter.
  • Net profit for the quarter increased by 30.0% YoY. Net profit margins during the quarter increased from 13.4% in 2QFY18 to 14.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.8% QoQ during the same period.
  • The company's operating profit increased by 12.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.7% in 2QFY19 as against 23.9% in 1QFY18.
  • Net profit for the quarter increased by 12.9% QoQ, while net profit margins increased from 14.3% in 1QFY18 to 14.8% in 2QFY19.

To see how NESTLE has performed over the last eight quarters, please visit here.

NESTLE Share Price Performance

Over the last one year, NESTLE share price has moved up from Rs 7,793.1 to Rs 10,165.0, registering a Gain of Rs 2,372.0 or around 30.4%.

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 10,165.0, the price to earnings (P/E) ratio of NESTLE stands at 62.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 28.7 times.

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