*Nestle India Ltd.* | *CMP* Rs. 19377 | *M Cap* Rs. 186825 Cr | *52 W H/L* 20609/15425
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Revenue from Operations came at Rs. 3882.6 Cr (11.7% QoQ, 9.6% YoY) vs expectation of Rs. 3890.8 Cr, QoQ Rs. 3476.7 Cr, YoY Rs. 3541.7 Cr
EBIDTA came at Rs. 948 Cr (11.8% QoQ, 7.3% YoY) vs expectation of Rs. 957.1 Cr, QoQ Rs. 848 Cr, YoY Rs. 883.6 Cr
EBITDA Margin came at 24.4% vs expectation of 24.6%, QoQ 24.4%, YoY 24.9%
Adj. PAT came at Rs. 617.4 Cr vs expectation of Rs. 634.2 Cr, QoQ Rs. 538.6 Cr, YoY Rs. 587.1 Cr
Quarter EPS is Rs. 64
Share is trading at P/E of 60FY23 EPS