NESTLE Announces Quarterly Results (2QFY22); Net Profit Up 5.2%

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NESTLE Announces Quarterly Results (2QFY22); Net Profit Up 5.2%
Wed, 20 Oct

NESTLE has announced its results for the quarter ended September 2021. Here is a detailed performance review of the same:

NESTLE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-20*
3
Jun-21*
3
Sep-21*
QoQ ChangeYoY Change
Net SalesRs m35,41734,76738,82611.7%9.6%
Other incomeRs m34529533714.2%-2.3%
TurnoverRs m35,76235,06239,16211.7%9.5%
ExpensesRs m26,58126,28729,34611.6%10.4%
Gross profitRs m8,8368,4809,48011.8%7.3%
DepreciationRs m9119539550.3%4.9%
InterestRs m4055175190.4%28.3%
Profit before taxRs m7,8657,3058,34214.2%6.1%
TaxRs m1,9941,9192,16913.0%8.8%
Profit after taxRs m5,8715,3866,17414.6%5.2%
Gross profit margin%24.924.424.4
Effective tax rate%25.426.326.0
Net profit margin%16.415.415.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 9.6% on a year-on-year (YoY) basis. The expenses were up by 10.4% YoY during the same period.
  • The company's operating profit increased by 7.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.4% in 2QFY22 as against 24.9% in 2QFY21.
  • Depreciation charges increased by 4.9% and finance costs increased by 28.3% YoY, respectively.
  • Other income declined by 2.3% YoY during the quarter.
  • Net profit for the quarter increased by 5.2% YoY. Net profit margins during the quarter declined from 16.4% in 2QFY21 to 15.8% in 2QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.6% QoQ during the same period.
  • The company's operating profit increased by 11.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.4% in 2QFY22 as against 24.4% in 1QFY21.
  • Net profit for the quarter increased by 14.6% QoQ, while net profit margins increased from 15.4% in 1QFY21 to 15.8% in 2QFY22.

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 16,252.7 to Rs 19,139.3, registering a Gain of Rs 2,886.7 or around 17.8%.

Overall, the S&P BSE SENSEX is up 52.0% over the year.

Current Valuations

At the current price of Rs 19,139.3, the price to earnings (P/E) ratio of NESTLE stands at 82.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 91.4 times.

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