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

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NESTLE Announces Quarterly Results (3QFY20); Net Profit Up 38.4%
Fri, 14 Feb

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

NESTLE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m28,97332,15831,493-2.1%8.7%
Other incomeRs m752564447-20.7%-40.6%
TurnoverRs m29,72532,72231,940-2.4%7.5%
ExpensesRs m23,46724,64424,7140.3%5.3%
Gross profitRs m5,5067,5146,779-9.8%23.1%
DepreciationRs m7847807962.0%1.5%
InterestRs m252299284-5.1%12.8%
Profit before taxRs m5,2226,9996,146-12.2%17.7%
TaxRs m1,8041,0451,41635.5%-21.5%
Profit after taxRs m3,4185,9544,730-20.6%38.4%
Gross profit margin%19.023.421.5
Effective tax rate%34.614.923.0
Net profit margin%11.518.214.8
* 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 8.7% on a year-on-year (YoY) basis. The expenses were up by 5.3% YoY during the same period.
  • The company's operating profit increased by 23.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.5% in 3QFY20 as against 19.0% in 3QFY19.
  • Depreciation charges increased by 1.5% and finance costs increased by 12.8% YoY, respectively.
  • Other income declined by 40.6% YoY during the quarter.
  • Net profit for the quarter increased by 38.4% YoY. Net profit margins during the quarter increased from 11.5% in 3QFY19 to 14.8% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.3% QoQ during the same period.
  • The company's operating profit declined by 9.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.5% in 3QFY20 as against 23.4% in 2QFY19.
  • Net profit for the quarter declined by 20.6% QoQ, while net profit margins declined from 18.2% in 2QFY19 to 14.8% in 3QFY20.

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 10,611.6 to Rs 16,516.9, registering a Gain of Rs 5,905.4 or around 55.7%.

Overall, the S&P BSE SENSEX is up 14.5% over the year.

Current Valuations

At the current price of Rs 16,516.9, the price to earnings (P/E) ratio of NESTLE stands at 80.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 43.3 times.

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