Growth Toh Masti Mein Hai!
Company ka revenue ₹5,667 crore ho gaya hai, aur ye growth mostly volumes ki wajah se aayi hai. Sach toh ye hai ki pichhle 5 saal mein company ne itni acchi volume growth nahi dekhi hai! Domestic sales 18.3% aur exports 23% badhe hain. Matlab har taraf se demand acchi rahi hai.
Profit Aur Margins Ka Kissa
Net profit toh ₹1,018 crore tak pahunch gaya, lekin yahan ek chota sa update hai. Is profit mein ₹1.57 billion ka exceptional tax credit bhi shamil hai. Isko hata dein toh adjusted profit 29.4% badha hai. EBITDA mein 9% ka growth dikha hai, par input costs (coffee, cocoa, milk) mehange hone ki wajah se operating margins thoda kam hokar 21.2% pe aa gaye. Fir bhi, company ne shareholders ke liye ₹7 per share ka interim dividend bhi declare kiya hai.
Valuation Pe Sabki Nazar
Growth toh acchi hai, par stock ka valuation kafi 'premium' lag raha hai. P/E ratio 75x se 85x TTM (Trailing Twelve Months) ke aas paas chal raha hai, jo ki kaafi high hota hai. Analysts bhi yahi keh rahe hain. Motilal Oswal ne 'Neutral' rating rakhi hai aur target price ₹1,400 diya hai, jahan unhone future earnings pe 60x P/E multiple lagaya hai. Prabhudas Lilladher ne bhi 'Hold' kaha hai aur target ₹1,394 rakha hai. Kuch platform ne toh valuation ko dekh kar stock ko 'Hold' pe downgrade bhi kar diya hai.
Sector Hai Solid!
Waise toh India ka packaged food sector mast chal raha hai, expected hai ki FY29 tak ye 11% CAGR se grow karke ₹17,120 billion ka ho jayega. Logon ki kharidari power badh rahi hai, shehron mein log zyada bas rahe hain, aur convenience wale khane ki demand hai. Nestle is space mein ek major player hai, competition mein ITC, Britannia, Tata Consumer jaise bade naam hain.
Past Ka Performance Aur Future Ka Outlook
Lambi race mein toh Nestle India ne hamesha accha return diya hai, Sensex ko bhi piche chhoda hai. Halanki, pichle 3 aur 5 saal mein Sensex se thoda piche raha, par pichle 1 saal mein wapas performance sudhara hai. Earnings per share (EPS) ka growth pichle 5 saal mein 9.4% annual raha, aur stock price 8% annual bada hai. Aage toh growth acchi dikh rahi hai, par valuation wali baat ne thoda caution dala hua hai.