Whalesbook
Toh yaar, Nestle India ka stock aaj 3.9% bhaag gaya, intraday mein ₹1,338.35 tak pahunch gaya tha jab company ne apne Q4 FY26 ke results announce kiye. Asal mein, company ka Net Profit 27% saal dar saal badh kar ₹1,110.9 crore ho gaya, aur revenue bhi 22.6% badh kar ₹6,747.79 crore ho gaya. Ye sab isliye hua kyunki sales mein double-digit volume growth dikhi, aur company ne advertising par bhi khoob paisa lagaya, is baar 50% se bhi zyada kharcha kiya promotions par. Is performance ke chakkar mein stock ₹1,332.6 par trade kar raha tha, jo BSE Sensex ke 0.92% rise ko bhi peeche chhod raha tha (Sensex 79,244.12 tak pahuncha tha). India mein domestic sales ₹6,445 crore ko paar kar gayi, matlab consumers ki demand kaafi strong hai. Aur haan, company ka EBITDA margin bhi 26.3% raha.
Abhi tak sab changa si, lekin yahan kuch 'buts' hain jinpar dhyan dena zaroori hai. Sabse badi chinta hai company ka Price-to-Earnings (P/E) ratio, jo 77.33 ya 78.7 ke aas-paas hai. Ye apne competitors jaise Hindustan Unilever (49.24), Britannia (63.02), aur Dabur India (41.1) se kaafi zyada hai. Matlab, investors ko Nestle India se bohot zyada expecting hai. Dusri taraf, input costs jaise doodh aur edible oils ki prices badh rahi hain, jisse future profit margins par pressure aa sakta hai. Advertising par itna bada kharcha (50% se zyada) sales toh badha raha hai, par kya ye long-term mein profit ko kam nahi karega, ye sawal hai.
Aur toh aur, aage mausam bhi thoda pareshan karne wala hai, dry monsoon aur heatwaves ki wajah se food inflation aur rural demand par asar pad sakta hai. Brent crude prices mein izafa packaging costs ko bhi affect kar sakta hai. Company ne future strategy batai hai ki wo consumers par focus karegi, volume growth badhayegi, brands aur capacity mein invest karegi, aur technology ka use karegi. Nespresso aur pet care jaise growing areas mein bhi expansion plans hain. Analysts ke views mix hain, kuch targets modest upside dikha rahe hain, jabki kuch ne 'Hold' ya 'Underperform' rating di hai. Nestle India ki market cap lagbhag ₹2.48 trillion hai, matlab ye ek badi company hai.