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NESTLE Announces Quarterly Results (3QFY19); Net Profit Up 9.6%

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NESTLE Announces Quarterly Results (3QFY19); Net Profit Up 9.6%
Mon, 18 Feb

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

NESTLE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m26,01529,39428,973-1.4%11.4%
Other incomeRs m51167075212.2%47.2%
TurnoverRs m26,52630,06429,725-1.1%12.1%
ExpensesRs m20,68022,14223,4676.0%13.5%
Gross profitRs m5,3357,2525,506-24.1%3.2%
DepreciationRs m838930784-15.7%-6.4%
InterestRs m234275252-8.3%7.6%
Profit before taxRs m4,7746,7185,222-22.3%9.4%
TaxRs m1,6562,2571,804-20.0%9.0%
Profit after taxRs m3,1184,4613,418-23.4%9.6%
Gross profit margin%20.524.719.0
Effective tax rate%34.733.634.6
Net profit margin%11.814.811.5
* 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 11.4% on a year-on-year (YoY) basis. The expenses were up by 13.5% YoY during the same period.
  • The company's operating profit increased by 3.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.0% in 3QFY19 as against 20.5% in 3QFY18.
  • Depreciation charges declined by 6.4% and finance costs increased by 7.6% YoY, respectively.
  • Other income increased by 47.2% YoY during the quarter.
  • Net profit for the quarter increased by 9.6% YoY. Net profit margins during the quarter declined from 11.8% in 3QFY18 to 11.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.0% QoQ during the same period.
  • The company's operating profit declined by 24.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.0% in 3QFY19 as against 24.7% in 2QFY18.
  • Net profit for the quarter declined by 23.4% QoQ, while net profit margins declined from 14.8% in 2QFY18 to 11.5% in 3QFY19.

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 7,590.1 to Rs 10,208.0, registering a Gain of Rs 2,617.9 or around 34.5%.

Overall, the S&P BSE SENSEX is up 3.6% over the year.

Current Valuations

At the current price of Rs 10,208.0, the price to earnings (P/E) ratio of NESTLE stands at 61.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 28.8 times.

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