NESTLE Announces Quarterly Results (2QFY20); Net Profit Up 33.5%

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NESTLE Announces Quarterly Results (2QFY20); Net Profit Up 33.5%
Tue, 12 Nov

NESTLE has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

NESTLE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m29,39430,00932,1587.2%9.4%
Other incomeRs m670726564-22.3%-15.9%
TurnoverRs m30,06430,73432,7226.5%8.8%
ExpensesRs m22,14223,03624,6447.0%11.3%
Gross profitRs m7,2526,9737,5147.8%3.6%
DepreciationRs m930808780-3.5%-16.1%
InterestRs m2752992990.0%9.0%
Profit before taxRs m6,7186,5926,9996.2%4.2%
TaxRs m2,2572,2131,045-52.8%-53.7%
Profit after taxRs m4,4614,3785,95436.0%33.5%
Gross profit margin%24.723.223.4
Effective tax rate%33.633.614.9
Net profit margin%14.814.218.2
* 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 9.4% on a year-on-year (YoY) basis. The expenses were up by 11.3% YoY during the same period.
  • The company's operating profit increased by 3.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.4% in 2QFY20 as against 24.7% in 2QFY19.
  • Depreciation charges declined by 16.1% and finance costs increased by 9.0% YoY, respectively.
  • Other income declined by 15.9% YoY during the quarter.
  • Net profit for the quarter increased by 33.5% YoY. Net profit margins during the quarter increased from 14.8% in 2QFY19 to 18.2% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.0% QoQ during the same period.
  • The company's operating profit increased by 7.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.4% in 2QFY20 as against 23.2% in 1QFY19.
  • Net profit for the quarter increased by 36.0% QoQ, while net profit margins increased from 14.2% in 1QFY19 to 18.2% in 2QFY20.

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

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NESTLE Share Price Performance

Over the last one year,NESTLE share price has moved up from Rs 10,116.5 to Rs 14,107.5, registering a Gain of Rs 3,991.0 or around 39.5%.

Overall, the S&P BSE SENSEX is up 15.9% over the year.

Current Valuations

At the current price of Rs 14,107.5, the price to earnings (P/E) ratio of NESTLE stands at 74.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 37.0 times.

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