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Broker's call: Nestle (Neutral) - The Hindu BusinessLine


Broker s call: Nestle (Neutral)
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Updated on
CMP: ₹16,288.20
Milk & Nutrition and Chocolates & Confectionary continued their healthy growth momentum seen in recent years. Though the 11.4 per cent growth in prepared dishes (Maggi) in CY20 was healthy, it was lower than our earlier estimate due to in-home consumption getting a boost during Covid. Performance was likely affected by a slower resumption in manufacturing as Nestlé does not outsource production. Beverage sales were flattish in CY20 due to significant out of home (OOH) component, which is only now normalising.
Contribution of newer products to sales remained healthy at 4.3 per cent in CY20, which is creditable because the management’s focus was more on core products amid the pandemic. With 40-50 products under development, the launch pipeline is likely to be strong again going forward. ....

Motilal Oswal , Maggi Noodles , Milk Amp Nutrition , மோட்டிலால் ஒசுவள் , மாகி நூடுல்ஸ் , பால் ஆம்ப் ஊட்டச்சத்து ,

MORPHOSYS : Barclays sticks Neutral | MarketScreener


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Analyst Rosie Turner from Barclays research gives the stock a Neutral rating. The target price is unchanged at EUR 90.
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03/29 ....

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