NESTLE Announces Quarterly Results (2QFY21); Net Profit Down 1.4%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

NESTLE Announces Quarterly Results (2QFY21); Net Profit Down 1.4%
Mon, 26 Oct

NESTLE has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

NESTLE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m32,15830,50535,41716.1%10.1%
Other incomeRs m564379345-9.1%-38.9%
TurnoverRs m32,72230,88435,76215.8%9.3%
ExpensesRs m24,64423,02926,58115.4%7.9%
Gross profitRs m7,5147,4768,83618.2%17.6%
DepreciationRs m780924911-1.4%16.8%
InterestRs m299408405-0.9%35.2%
Profit before taxRs m6,9996,5237,86520.6%12.4%
TaxRs m1,0451,6571,99420.4%90.9%
Profit after taxRs m5,9544,8665,87120.7%-1.4%
Gross profit margin%23.424.524.9
Effective tax rate%14.925.425.4
Net profit margin%18.215.816.4
* 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 10.1% on a year-on-year (YoY) basis. The expenses were up by 7.9% YoY during the same period.
  • The company's operating profit increased by 17.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.9% in 2QFY21 as against 23.4% in 2QFY20.
  • Depreciation charges increased by 16.8% and finance costs increased by 35.2% YoY, respectively.
  • Other income declined by 38.9% YoY during the quarter.
  • Net profit for the quarter declined by 1.4% YoY. Net profit margins during the quarter declined from 18.2% in 2QFY20 to 16.4% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 16.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 15.4% QoQ during the same period.
  • The company's operating profit increased by 18.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.9% in 2QFY21 as against 24.5% in 1QFY20.
  • Net profit for the quarter increased by 20.7% QoQ, while net profit margins increased from 15.8% in 1QFY20 to 16.4% in 2QFY21.

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

WATCH NOW: Full Replay of Our Urgent Broadcast on India's Revival

NESTLE Share Price Performance

Over the last one year, NESTLE share price has moved up from Rs 14,794.9 to Rs 16,316.7, registering a Gain of Rs 1,521.8 or around 10.3%.

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 16,316.7, the price to earnings (P/E) ratio of NESTLE stands at 75.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 42.8 times.

Equitymaster requests your view! Post a comment on "NESTLE Announces Quarterly Results (2QFY21); Net Profit Down 1.4%". Click here!

  

Related Views on News

Nestle India Sees Double-Digit Growth Across Segments in March Quarter (Company Info)

Apr 21, 2021

Key takeaways from Nestle's March quarter (Q1CY21) results.

NESTLE 2018-19 Annual Report Analysis (Annual Result Update)

Dec 9, 2020 | Updated on Dec 9, 2020

Here's an analysis of the annual report of NESTLE for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of NESTLE. Also includes updates on the valuation of NESTLE.

NESTLE Announces Quarterly Results (1QFY21); Net Profit Up 11.1% (Quarterly Result Update)

Sep 23, 2020 | Updated on Sep 23, 2020

For the quarter ended June 2020, NESTLE has posted a net profit of Rs 5 bn (up 11.1% YoY). Sales on the other hand came in at Rs 31 bn (up 1.7% YoY). Read on for a complete analysis of NESTLE's quarterly results.

Burger King IPO: Should You Subscribe to This QSR Chain Business? (IPO)

Dec 2, 2020

Does the company with one of the fastest-growing QSR chains in India have sound prospects?

NESTLE Announces Quarterly Results (3QFY20); Net Profit Up 38.4% (Quarterly Result Update)

Feb 14, 2020 | Updated on Feb 14, 2020

For the quarter ended December 2019, NESTLE has posted a net profit of Rs 5 bn (up 38.4% YoY). Sales on the other hand came in at Rs 31 bn (up 8.7% YoY). Read on for a complete analysis of NESTLE's quarterly results.

More Views on News

Most Popular

Don't Break These 5 Intraday Trading Rules(Fast Profits Daily)

Jun 1, 2021

To become a better intraday trader, follow these rules religiously.

Hotel Stocks Will Reward Investors(Fast Profits Daily)

Jun 8, 2021

This is why I'm bullish on the hotel and hospitality sector.

Is the RBI's 'Bubble Talk' Signalling a Market Crash?(Profit Hunter)

May 31, 2021

Is the Indian central bank correct in warning you about a market crash?

Rs 2 Trillion Stimulus Coming to a Stock Market Near You(Profit Hunter)

Jun 2, 2021

Get ready to profit from a massive stimulus that you've never seen before.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

NESTLE SHARE PRICE


Jun 11, 2021 (Close)

TRACK NESTLE

NESTLE - TILAKNAGAR IND. COMPARISON

COMPARE NESTLE WITH

MARKET STATS