|
|
- Alyson Watkins
- 6 years ago
- Views:
Transcription
1
2
3
4
5
6
7
8
9
10
11
12 Excerpts from Analysts' Reports 2011 Consistent strong sales growth.. Momentum to continue Capex plans firming up Cut in dividend payout ratio to 56% Raw material cost pressure continue No signs of competitive pressure Performance in line with expectations Strong long term growth potential High pricing power Best play on packaged foods Margins a major concern Band of margin strategy Going ahead, lower pressure from input cost inflation Gross margins improve due to price hikes Commendable cost management Fading tax sops reduce PAT growth Outperforms peers & broad market Diversified & dominant product portfolio Nestle Model delivers again Input cost pressure softens Positive budget measures to boost FMCG growth
13 Analysts' Rating on Nestle India 100 Buy Sell Hold Not rated (%) Q1 2011
14 INR 62.5 Bio Full Year highlights INR 11.4 Bio INR 8.2 Bio 18.2% INR 11.3 Bio Volumes + INR 2.2 Bio % % & Prices + 30 bps + INR 1.6 Bio INR 51.3 Bio INR 9.2 Bio INR Bio 17.9% 2009 Net Sales RIG% OG% OPBIT Net Profit Includes figures from Nestlé Internal Reporting Standards
15 % YoY growth Successive quarters of double digit growth NET SALES Q1 Q2 Q3 Q Bio = 23.4% 51.3 Bio = 18.6% 62.5 Bio = 21.9% INR Bio OPBIT % of Net Sales 7.6 Bio = 17.6% 9.2 Bio = 17.9% 11.4 Bio =18.2% INR Bio
16 Doubled sales in less than 4 years Organic Growth (OG) (%) Real Internal Growth (RIG) (%) Net Sales (INR Bio) RIG & OG are basis Nestlé Internal Reporting Standards in relation to third party sales only
17 Good domestic performance Volume (000 Tons) +17.6% Value (INR Bio) +22.9% Exports marginally Volume (000 Tons) +2.6% due diversion of capacity. Value (INR Bio) +7.6%
18 Our strong pillars Contribution to Net Sales % Share % Share 14.5 Chocolate & Confectionery Prepared Dishes & Cooking Aids Beverages 14.9 Milk Products & Nutrition
19 Value Gr rowth (%) All the pillars grow Milk Products & Nutrition Beverages x = Prepared Dishes & Cooking Aids 17.2 Chocolate & Confectionery x = Bubble shows Net Sales (INR Bio) Volume Growth (%) 2010
20
21
22
23
24 Our Cost Structure % Net Sales 47.7 One-Off cost Effective increase 14.0% INR Bio Materials Employees Distribution ASP Power & Fuel Depreciation Figures have been regrouped / reclassified to make them comparable. Not to scale
25 Margins remain within a healthy band OPBIT (INR Bio) OPBIT % of Net Sales 25
26 OPBIT Bridge 110 bps 120 bps 30 bps Scale 20 bps Mix One-Off in 2009 Materials 17.9% and 70 bps Power & Fuel Distribution Others 60 bps ASP and Impairments 18.2% OPBIT 2009 % & bps are with reference to Net sales OPBIT 2010
27 Increased selling prices while retaining growth Price increase Real Internal Growth (RIG) Material Cost as % of Net Sales Q1 Q2 Q3 Q4 Full Year Change bps
28 Effective tax rate % tax holiday drops to 30% from 1 Apr 2011 for 5 years at PANTNAGAR FACTORY Tax Expense (INR Bio) Marginal Tax Rate (%) Effective Tax Rate (%) Excludes Fringe Benefit & Dividend Distribution Tax
29 Net profit doubled in 3 years Comes from OPBIT X Net Profit (INR Bio) % of Net Sales
30 Operating working capital within tolerance levels, adversely impacted by unabsorbed material cost Operating working capital (INR Bio) % of Net Sales Operating Working Capital = Inventories + Debtors Trade Payables (excluding Staff Costs, Contingencies, Capex & Taxes) Operating Working capital is average for 5 quarter end data points Basis Nestlé Internal Reporting Standards
31 Operating cash flow back to normal levels Employees p y Cost Payables # Operating cash flows (INR Bio) % of Net Sales # excludes one off inflows. Reported 16.7%
32 How have we used the cash generated from operations? Cash Generated (INR Bio) (%) (4.2) Cash retained Dividends Fixed Assets
33 ROIC is 5 times ACC Economic Profit (INR Bio) Economic Profitability (%) Return on Invested Capital (%) ACC % Risk Free rate % Group risk Premium% Basis Nestlé Internal Reporting Standards
34 Average Share Price (INR) Retained shareholders wealth increases & ROE % decreases Period end Shareholders fund (INR Bio) DPS (INR) EPS (INR) ROE %
35 CAPEX on high trajectory Capex (INR Bio) Commitment Capex as % of Net sales FA Rotation Dep (INR Bio) Fixed Assets exclude Intangibles Capex excludes Capital advances which are shown in commitments
36 Financing Strategy on track Dividend maintained at 2009 level ~INR 48.5/ Share=485%. Payout is 74% (including DDT) of the distributable profits. RBI approves ECB USD 450 Mio. from foreign equity holders. Other elements of strategy in progress
37 Impact of Union Budget 2011 Impact basis 2010 actual BUT without factoring mitigating g measures Negative impact on OPBIT ~ 50 bps (Excise Duty & Service Tax) Positive impact in Direct Taxes ~ 10 bps Negative impact on PAT ~ 22 bps
38 Volatility in commodity prices! March /Mar 2/Mar 3/Mar 4/Mar 5/Mar 6/Mar 7/Mar 8/Mar 9/Mar 10/Mar 11/Mar 12/Mar 13/Mar 14/Mar 15/Mar Sugar - LIFFE Robusta -LIFFE Arabica - ICE Pl Palm Oil - BMD Wheat - CBOT Indexed with base 1 March 2011
39 Thank You
40 Nestlé India's Commodity Basket Price Index
41 Impact of price ch hange (INR Mio) Green Coffee Palm Oil Key Raw Materials represents consumption in (INR Bio) Fats 0.9 (20) (500) (1000) (1500) MSK Wheat 2.1 Flour Sugar Fresh Milk Cocoa (2000) Total Adverse Price Variance INR 2.4 Bio Price indices (%) Impact of price change & Price indices reflect YoY change. Based on production and Internal Accounting Standards
42 Fresh Milk Fat prices 20.1 % over 2009 Current Q 1 Q2 Q3 Q4 Indexed with base Q
43 MSK prices 12.3 % over 2009 Current Q 1 Q2 Q3 Q Indexed with base Q1-07
44 Green Coffee prices 10.4 % over 2009 Current Q1 Q2 Q3 Q4 Indexed with base Q
45 222.4 Sugar prices 27.8 % over Current Q1 Q2 Q3 Q4 Indexed with base Q
46 Wheat Flour prices 8.5% over Current Q 1 Q2 Q3 Q4 Indexed with base Q
47 Palm Oil prices 6.4 % over Current Q 1 Q2 Q3 Q4 Indexed with base Q
48 Evolution Crude Oil Prices [NYMEX] Current 99 USD/Barrel Mean USD/Barrel Mean USD/Barrel +286% 28.6% New York Mecantile Exchange
49 Fuel Oils % % Furnace Oil Price - Rs./ltr HSD Share % in total Power & Fuel cost Furnace Oil ~ 49% HSD ~ 14%
50 COFFEE ROBUSTA [LIFFE] London International Financial Futures Exchange
51 Inter Continental Exchange COFFEE ARABICA [ICE]
52 SUGAR [LIFFE] London International Financial Futures Exchange
53 Chicago Board Of Trade WHEAT [CBOT]
54 Bursa Malaysia Derivatives PALM OIL [BMD]
55 Fourth Quarter highlights INR 16.7 Bio INR 2.9 Bio 25.7 INR 2.0 Bio % Oct-Dec 10 + INR 3.2 Bio Volumes + INR 1.3 Bio % % & Prices bps + INR 0.9 Bio INR 13.5 Bio INR 1.7 Bio 12.5% INR 1.1 Bio Oct-Dec 09 Net Sales RIG% OG% OPBIT Net Profit Includes figures from Nestlé Internal Reporting Standards
Nestlé India Limited 20th Financial Analysts Meet - Gurgaon 30th November 2011
Nestlé India Limited 20 th Financial Analysts Meet - Gurgaon 30 th November 2011 Disclaimer This presentation may contain statements which reflect Management s current views and estimates and could be
More informationNestlé India Limited. 22nd Financial Analysts Meet. Gurgaon 30 th July 2013
Nestlé India Limited 22nd Financial Analysts Meet Gurgaon 30 th July 2013 Disclaimer This presentation may contain statements which reflect Management s current views and estimates and could be construed
More informationNestlé India Limited. 14 th Financial Analysts Meet. Gurgaon, 5 th August 2008
Nestlé India Limited 14 th Financial Analysts Meet Gurgaon, 5 th August 2008 Agenda Opening Remarks Martial Rolland Key Financials Shobinder Duggal Questions & Answers All Disclaimer This presentation
More informationNestlé India Limited
Nestlé India Limited Nestle India Limited Financial Analysts Meet Financial Analysts Meet - Agenda Introduction & Overview Martial Rolland Financials Shobinder Duggal Chocolates & Confectionery Stewart
More information2006 full year conference call
2006 full year conference call Name of chairman Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward looking statements involve
More informationMarket Access. Results Review (1Q15) M&A Securities. Nestle Malaysia Berhad. Pre-GST Buying. Thursday, April 23, 2015 SELL (TP: RM59.
M&A Securities Results Review (1Q15) PP14767/9/212(3761) Nestle Malaysia Berhad Pre-GST Buying Results Review Actual vs. expectations. Nestle Malaysia Berhad (Nestle) recorded a revenue of RM1.27 billion
More information2007 half year results conference call
2007 half year results conference call 2007 half year results conference call - 15 August 2007 Disclaimer This presentation contains forward looking statements which reflect Management s current views
More informationNestle India NEUTRAL. Performance Highlights. CMP `4,387 Target Price - 2QCY2012 Result Update FMCG. Quarterly results. Investment Period -
2QCY2012 Result Update FMCG August 6, 2012 Nestle India Performance Highlights Quarterly results (` cr) 2QCY12 2QCY11 % yoy 1QCY12 % qoq Revenue 1,987 1,763 12.7 2,047 (3.0) EBITDA 429 344 24.5 457 (6.2)
More informationNestle India (NEST IN)
(NEST IN) Rating: ACCUMULATE CMP: Rs9,569 TP: Rs11,129 October 26, 2018 Q3CY18 Result Update Change in Estimates Target Reco Change in Estimates Current Previous CY19E CY20E CY19E CY20E Rating ACCUMULATE
More information28 th Financial Analysts & Institutional Investors Meet. 21 st August 2018
28 th Financial Analysts & Institutional Investors Meet 21 st August 2018 Disclaimers 1. This presentation may contain statements which reflect Management s current views and estimates and could be construed
More information2007 full year conference call
2007 full year conference call 2007 full year conference call - 21 February 2008 Disclaimer 2 2007 full year conference call - 21 February 2008 This presentation contains forward looking statements which
More informationMarket Access. Company Note. M&A Securities. Nestle Malaysia Berhad. Steering Away From Turbulence. Tuesday, June 21, 2016 HOLD (TP: RM79.
M&A Securities Company Note PP14767/09/2012(030761) Nestle Malaysia Berhad Steering Away From Turbulence 1Q16 results review. To recap, Nestle Malaysia Berhad (Nestle) registered its 1Q16 revenue at RM1.3
More information2005 full year results conference call
2005 full year results conference call - February 2006 2005 full year results conference call 2 2005 full year results conference call - February 2006 2005: Delivering The Nestle Model: Improvement in
More informationNestlé Investor Seminar 2008
Nestlé Investor Seminar 2008 Procurement of Raw Materials at Nestlé Malcolm Harrison Head of Procurement 1 Nestlé Investor Seminar Vevey 16-17 June 2008 Disclaimer This presentation contains forward looking
More informationWelcome to the Full-Year 2016 Conference. February 16, 2017 Nestlé Full-Year Results 2016
Welcome to the Full-Year 2016 Conference 1 Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward looking statements involve
More informationNestlé India. Q2CY17 Result Update. Positives priced in; Downgrade to Hold. Sector: FMCG CMP: ` 6,786. Recommendation: HOLD
Nestlé India Q2CY17 Result Update Positives priced in; Downgrade to Hold Sector: FMCG CMP: ` 6,786 Recommendation: HOLD Market statistics Current stock price (`) 6,786 Shares O/S (cr.) 9.6 Mcap (`cr) 65,424
More informationFebruary21, Name of chairman
SPRING Nestlé Full PRESS Year Results CONFERENCE 2007 February21, 2008 Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward
More informationMargin improvement / portfolio management / capital structure François Roger: Chief Financial Officer
Margin improvement / portfolio management / capital structure François Roger: Chief Financial Officer 1 September 26, 2017 Investor Seminar Disclaimer This presentation contains forward looking statements
More informationFull-year results 2017 Conference. February 15, 2018 Nestlé full-year results 2017
Full-year results 2017 Conference 1 Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward looking statements involve certain
More informationNestle India. Institutional Equities. 1QCY18 Result Update. Resurgence Continues BUY. Sector: FMCG CMP: Rs8,981 Target Price: Rs10,700 Upside: 19%
1QCY18 Result Update Institutional Equities Nestle India 11 May 218 Reuters: NEST.BO; Bloomberg: NEST IN Resurgence Continues Nestle India (NEST) reported strong overall performance during 1QCY18 driven
More informationLotte Confectionery (004990)
Company Note May 9, 211 Lotte Confectionery (499) BUY (Maintain) TP: W2,, (Up) KOSPI (May 6) 2,147 Stock price (May 6) 1,67, Shares outstanding (mn) 1.4 Market cap (USD mn) 2,19 52-Week Low/High (won)
More informationHalf-year results July 27, 2017 Nestlé half-year results 2017
Half-year results 2017 1 Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward looking statements involve certain risks and
More information2008 Half-Year results Half-Year results 7 th August 2008 Name of chairman
1 00 Half-Year results Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward looking statements involve certain risks and
More information2007 half year results roadshow
2007 half year results roadshow 2007 half year results roadshow - August 2007 Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The
More informationApril 1, 2011 Barry Callebaut H1 2010/11 results presentation
Half-Year Results 2010/11 Media presentation April 1, 2011 April 1, 2011 Barry Callebaut H1 2010/11 results presentation Cautionary note Certain statements in this presentation regarding the business of
More informationNew accounting standards The Group adopted the following International Financial Reporting Standards (IFRSs) effective January 1, 2018.
Vevey, March 28, 2018 Nestlé publishes restated Group figures following the adoption of new accounting standards, the reorganization of infant nutrition business, and other presentation changes as from
More informationNESTLE INDIA LTD Result Update (PARENT BASIS): Q2 CY18
Index Details NESTLE INDIA LTD Result Update (PARENT BASIS): Q2 CY18 Stock Data Sector Packaged Foods BSE Code 500790 Face Value 10.00 52wk. High / Low (Rs.) 11590.00/6585.00 Volume (2wk. Avg.) 13000 Market
More informationMarket Access. Results Review (3Q15) M&A Securities. Dutch Lady Milk Industries Berhad. Double Whammy. Wednesday, November 18, 2015 HOLD (TP: RM47.
Market Access M&A Securities Results Review (3Q15) PP14767/4/212(296 Dutch Lady Milk Industries Berhad Double Whammy Results Review Actual vs. expectations. Dutch Lady Milk Industries Berhad (Dutch Lady)
More informationHalf-year results July 26, 2018 Nestlé half-year results
Half-year results 2018 July 26, 2018 Nestlé half-year results 2018 1 Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward
More informationFull-year results 2018
Full-year results 2018 Press Conference 1 Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward looking statements involve
More informationHalf Year Results François-Xavier Roger Chief Financial Officer
Half Year Results 2016 François-Xavier Roger Chief Financial Officer Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward
More informationFull-year results 2018
Full-year results 2018 Investor Call 1 Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward looking statements involve certain
More informationNestlé in India: Winning in the New Reality
Nestlé in India: Winning in the New Reality Helio Waszyk Chairman and Managing Director Nestlé India September 25 th, 2012 Disclaimer This presentation contains forward looking statements which reflect
More informationITC ACCUMULATE. Performance Highlights CMP. `257 Target Price `284. 3QFY2017 Result Update FMCG. Investment Period 12 Months
3QFY2017 Result Update FMCG January 30, 2017 ITC Performance Highlights Quarterly result (Standalone) (` cr) 3QFY17 3QFY16 % yoy 2QFY17 %qoq Revenue 9,248 8,867 4.3 9,661 (4.3) EBITDA 3,546 3,475 2.1 3,630
More informationNestlé Press conference, February 19, 2010
Nestlé Press conference, February 19, 2010 2 Nestlé Press conference, February 19, 2010 Paul Bulcke Chief Executive Officer Nestlé S.A. Richard Laube John Harris Laurent Freixe Luis Cantarell Frits van
More informationHOLD. Nestle. Good Performance Irrespective of GST Pangs. Target Price: Rs6,624. Institutional Equity Research. 2QCY17 Result Update July 27,2017
2QCY17 Result Update July 27,2017 Market Cap. (Rs bn) 657 Free Float (%) 37.3 Shares O/S (mn) 96 Good Performance Irrespective of GST Pangs Nestlé India has reported a good set of numbers for 2QCY17 in
More informationReligare Investment Call
v-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 v-18 Q2FY19 Result Update Q2FY19 Result Update BUY CMP (Rs) 5,813 Target Price (Rs) 6,519 Potential Upside 12.1% Sensex
More information2010 Full Year Results Conference Call. James Singh Chief Financial Officer
2010 Full Year Results Conference Call James Singh Chief Financial Officer Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward
More informationFull Year Results 2014/15. Analysts Conference November 4, 2015
Full Year Results 2014/15 Cautionary note Certain statements in this presentation regarding the business of Barry Callebaut are of a forwardlooking nature and are therefore based on management s current
More informationNestle India (NEST IN)
(NEST IN) Rating: HOLD CMP: Rs11,363 TP: Rs10,996 August 24, 2018 Analyst Meet Update Change in Estimates Target Reco Change in Estimates Current Previous CY19E CY20E CY19E CY20E Rating HOLD UNDER REVIEW
More informationBritannia Industries Ltd.
. RESULT UPDATE 9th August, 2017 Aug-16 Oct-16 Dec-16 Feb-17 Apr-17 Jun-17 Aug-17 Please vote for us in Asiamoney Brokers Poll 2017: https://www.euromoney.com/article/b13j49qfcr6j pp/asiamoney-brokers-poll-2017-vote-now
More informationEtika International Holdings Ltd
Results Update Neutral Current Price 5 December 2011 Fair Value Source: Bloomberg S$0.265 S$0.28 Angelia Phua 65-62366-802 angelia.phua@nracapital.com Historical Chart Source : Bloomberg Stock Statistics
More informationANALYST BRIEFING MSM Malaysia Holdings Berhad Analyst Briefing Q /5/2017 1
ANALYST BRIEFING 1 CONTENTS 01 02 03 04 05 Group Financial Highlights Performance Review Sugar Market Overview Ongoing Initiatives Q&A Session 2 GROUP FINANCIAL HIGHLIGHTS FOR THE FIRST QUARTER 2017 RESULTS
More informationJTG Consolidated financial results for 2014 and forecasts for fiscal year Naohiro Minami. CFO and Senior Vice President
JTG Consolidated financial results for 2014 and forecasts for fiscal year 2015 Naohiro Minami CFO and Senior Vice President *Please be reminded that the figures shown on these slides may differ from those
More informationReligare Investment Call
Q3FY18 Result Update Auto Ancillary BUY CMP (Rs) Target Price (Rs) Potential Upside Sensex Nifty Key Stock data BSE Code NSE Code Bloomberg Shares o/s, Cr (FV 10) Market Cap (Rs Cr) 3M Avg Volume 52 week
More informationConsolidated Accounts of the Nestlé Group. 138th Annual Report of Nestlé S.A.
Consolidated Accounts of the Nestlé Group 3 Consolidated income statement for the year ended 31 December 2004 4 Consolidated balance sheet as at 31 December 2004 6 Consolidated cash flow statement for
More informationBritannia Industries Ltd.
. RESULT UPDATE 30th May, 2017 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 May-17 India Equity Institutional Research II Result Update - Q4FY17 II 30 th May, 2017 2 Growth Path ahead CMP INR 3419 Target
More informationNESTLE OUTPERFORM. Consumer goods Switzerland. NESN SW 26 Pages 12 January 2018 Price: CHF 82.4 PT: CHF 110. Per-Share 0.
Consumer goods Switzerland NESTLE EPS (adj.) OUTPERFORM NESN SW 26 Pages 12 January 2018 Price: CHF 82.4 PT: CHF 110 YEAR TO DECEMBER (CHF M) 2014 2015 2016 2017E 2018E 2019E VALUATION P/E (rep.) 14.7
More informationGrupo Nutresa S. A. Quarterly Report Q2 2017
Grupo Nutresa S. A. Quarterly Report Q2 2017 Highlights According to Monitor Empresarial de Reputación Corporativa MERCO in its edition MERCO Talent 2017, for the second year in a row, Grupo Nutresa is
More informationFULL YEAR RESULTS Conference call, February 2002
FULL YEAR RESULTS 2001 Conference call, February 2002 This presentation contains forward looking statements which reflect Management s current views and estimates. The forward looking statements involve
More informationINTERIM REPORT. NESTLÉ (MALAYSIA) BERHAD ( W) (Incorporated in Malaysia)
INTERIM REPORT NESTLÉ (MALAYSIA) BERHAD (110925-W) (Incorporated in Malaysia) The Directors are pleased to present the Interim Report for the period ended 31 December 2017 as follows: CONDENSED CONSOLIDATED
More informationNestlé India. Q4CY16 Result Update. Healthy Sales growth; higher provisions & CSR impacts bottom-line. Sector: FMCG CMP: ` 6,169. Recommendation: BUY
Nestlé India Q4CY16 Result Update Healthy Sales growth; higher provisions & CSR impacts bottom-line Sector: FMCG CMP: ` 6,169 Recommendation: BUY Market statistics Current stock price (`) 6,169 Shares
More informationBritannia Industries
Sustains momentum; Input cost gains peaked out November 09, 2015 Amnish Aggarwal amnishaggarwal@plindia.com +91 22 66322233 Gaurav Jogani gauravjogani@plindia.com +91 22 66322238 Rating Accumulate Price
More informationWelcome to the Nine-Month Sales Conference
Welcome to the Nine-Month Sales Conference Nine-Month Sales Conference Paul Bulcke Nestlé CEO 2010 2011 2012 2013 3 Nine-Month Sales Conference Wan Ling Martello Chief Financial Officer This presentation
More informationReligare Investment Call
Q2FY18 Result Update Auto Ancillary BUY CMP (Rs) Target Price (Rs) Potential Upside Sensex Nifty 144 173 % 33,219 10,303 Operational efficiency to continue ' Revenue (growth not comparable due to change
More informationBIMBO Food. Quarterly Report October 27, BIMBO Market Underperformer 2016 Price Target P$41.9
Quarterly Report BIMBO Market Underperformer 2016 Price Target P$41.9 Price 51.51 12M Price Range 45.02 / 59.86 Shares Outstanding (Mill) 4,703.2 Market Cap (Mill) 242,262 Float 24.0% Net Debt (Mill) 72,562
More information2012 Full Year Results
2012 Full Year Results Wan Ling Martello Chief Financial Officer Roddy Child-Villiers Head of Investor Relations Disclaimer This presentation contains forward looking statements which reflect Management
More informationBritannia Industries
Volumes impacted by slowdown; Margin expands May 27, 2014 Amnish Aggarwal amnishaggarwal@plindia.com +91 22 66322233 Gaurav Jogani gauravjogani@plindia.com +91 22 66322238 Rating BUY Price Rs870 Target
More informationConsolidated accounts of the Nestlé Group. 136th Annual report of Nestlé S.A.
3 Consolidated income statement for the year ended 31st December 2002 4 Consolidated balance sheet as at 31st December 2002 6 Consolidated cash flow statement for the year ended 31st December 2002 8 Consolidated
More informationAVI Limited presentation to shareholders & analysts for the year ended June 2018
AVI Limited presentation to shareholders & analysts for the year ended June 2018 AGENDA Key features and results history Group financial results Business unit performance Prospects Questions and answers
More information3 rd Quarter FY2010 Financial Review
3 rd Quarter FY2010 Financial Review February 2, 2011 Nippon Paper Group, Inc. < Index > (1) Business environment 3-5pp (2) Financial results 6-11pp (3) Earnings forecast 12p 2 (1) Business environment
More informationConsumer. 4QFY19 Results Preview Stronger earnings growth but moderating volumes
Consumer 4QFY19 Results Preview Stronger earnings growth but moderating volumes Index Returns CMP(`) 3M ret. (%) Yearly (%) Nifty 11,597 7 11 NSE FMCG 30,151-2 11 Companies HUVR 1,711-3 21 MRCO 359-6 12
More informationGarware Wall Ropes ACCUMULATE. Performance Highlights CMP. `550 Target Price `618. 2QFY2017 Result Update Textile. Investment Period 12 months
2QFY217 Result Update Textile November 16, 216 Garware Wall Ropes Performance Highlights Quarterly Data (`cr) 2QFY17 2QFY16 % yoy 1QFY17 % qoq Revenue 232 214 8.5 225 3.3 EBITDA 4 26 5.9 31 29.4 Margin
More informationCMP: INR6,136 TP: INR5,850 (-5%) Neutral Volume decline presents near term challenges
BSE SENSEX S&P CNX 25,146 7,709 12 April 2016 CY15 Annual Report Update Sector: Consumer Nestle India CMP: INR6,136 TP: INR5,850 (-5%) Neutral Volume decline presents near term challenges Key takeaways
More informationINFLATION REPORT MARCH 2009
c INFLATION REPORT MARCH 2009 Contents A. NOTE: MARCH 2009 I B. APPENDIX: TABLE 1A: Jamaica s Headline Inflation Rates 1 TABLE 1B: CPI without Agriculture 2 TABLE 2 : Contribution to Inflation 3 TABLE
More informationINTERIM REPORT NESTLÉ (MALAYSIA) BERHAD ( W) (Incorporated in Malaysia)
INTERIM REPORT NESTLÉ (MALAYSIA) BERHAD (110925-W) (Incorporated in Malaysia) The Directors are pleased to present the Interim Report for the period ended 30 June 2017 as follows: CONDENSED CONSOLIDATED
More informationNestlé (Malaysia) Berhad. January June Financial Analysts Briefing 14 th August 2015
Nestlé (Malaysia) Berhad January June 2015 Financial Analysts Briefing 14 th August 2015 Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates.
More informationNestlé s long-term value creation model
Nestlé s long-term value creation model François-Xavier Roger EVP, Chief Financial Officer Nestlé, S.A. Bernstein Conference London, September 2018 September 27, 2018 Bernstein Conference 1 Disclaimer
More informationNestlé India (NESIND) 6331
Result Update Rating matrix Rating : Hold Target : 64 Target Period : 12- months Potential Upside : -% What s changed? Target Unchanged EPS CYE Changed from 121.9 to 4.9 EPS CY16E Changed from 134.2 to
More informationNarnolia Securities Ltd. RAJEEV ANAND 28-Jul-17
28-Jul-17 INDUSTRY - Con. Staples BSE Code - 579 NSE Code - NESTLEIND NIFTY - 121 Company Data CMP 6789 Target Price 75 Previous Target Price 792 Upside 1 52wk Range H/L Mkt Capital (Rs Cr) Av. Volume
More informationINFLATION REPORT MAY 2009
c INFLATION REPORT MAY 2009 Contents A. NOTE: MAY 2009 I B. APPENDIX: TABLE 1A: Jamaica s Headline Inflation Rates 1 TABLE 1B: CPI without Agriculture 2 TABLE 2 : Contribution to Inflation 3 TABLE 3: Regional
More informationNestlé India (NESIND) 6603
Management Meet Note Rating matrix Rating : Buy Target : 76 Target Period : 12-15 months Potential Upside : 15% What s changed? Target EPS CY17E EPS CY18E Rating Unchanged Unchanged Unchanged Unchanged
More informationFull Year Results 2016/17. Analysts Conference November 8, 2017
Full Year Results 2016/17 Analysts Conference Cautionary note Certain statements in this presentation regarding the business of Barry Callebaut are of a forwardlooking nature and are therefore based on
More informationSTRAUSS GROUP. November 24 th, Q3 & YTD 2015 Earnings Conference Call
STRAUSS GROUP November 24 th, 2015 Q3 & YTD 2015 Earnings Conference Call Disclaimer This presentation does not constitute an offering to purchase or sell securities of Strauss Group Ltd. (the Company
More informationJAIN IRRIGATION 07/06/2016 SECTOR: OTHERS. Initiating Coverage: ACCUMULATE. Company Snapshot:
Company Snapshot: Established in 1986 Jain Irrigation is a transnational organization headquartered at Jalgaon, Maharashtra. The company employs over 5 associates and manufacture a number of products,
More informationINTERIM REPORT. NESTLÉ (MALAYSIA) BERHAD ( W) (Incorporated in Malaysia)
INTERIM REPORT NESTLÉ (MALAYSIA) BERHAD (110925-W) (Incorporated in Malaysia) The Directors are pleased to present the Interim Report for the period ended 30 June 2018 as follows: CONDENSED CONSOLIDATED
More informationOlam International Limited Annual General Meeting: Presentation. 29 th October 2008 Singapore
Olam International Limited Annual General Meeting: Presentation 29 th October 2008 Singapore 1 1 Cautionary note on forward-looking statements This presentation may contain statements regarding the business
More informationHindustan Unilever. Q4FY18 Result Update Strong volume growth on weak base and uptick in rural. Sector: FMCG CMP: ` 1,516. Recommendation: HOLD
Hindustan Unilever QFY18 Result Update Strong volume growth on weak base and uptick in rural Sector: FMCG CMP: ` 1,1 Recommendation: HOLD Market Statistics Current stock price (`) 1,1 Shares O/S (cr.)
More informationITC Ltd. BUY CMP (Rs.) 304 Target (Rs.) 336 Potential Upside(%) 11% Valuation: Investment Rationale. For private circulation only
Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18. Volume No.. I Issue No. 186 ITC Ltd September 21, 2018 BSE Code: 500875 NSE Code: ITC Reuters Code: ITC.NS Bloomberg
More informationCig volumes surprise. Source: Company Data; PL Research
Cig volumes surprise July 26, 2012 Gautam Duggad gautamduggad@plindia.com +91-22-66322233 Rating BUY Price Rs249 Target Price Rs275 Implied Upside 10.4% Sensex 16,640 Nifty 5,043 (Prices as on July 26,
More informationSpeciality Restaurants
For private circulation only Volume No. I Issue No. 13 Speciality Restaurants Profit growth to resume Price: Rs 141 Target Price: Rs 185 Sensex: 21754 Nifty: 6493 FINANCIAL SUMMARY NET OPM OP OTHER PBIDT
More informationNestle India Ltd. RESULT UPDATE
RESULT UPDATE 15th May 2017 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 May-17 India Equity Institutional Research II Result Update Q1CY17 II 15th May, 2017 CMP INR 6819 Target INR 7075 Potential Upside
More informationInvestor Presentation HY2018. Maître Chocolatier Suisse Depuis 1845
Investor Presentation HY2018 Agenda 1. Performance Highlights HY2018 2. P&L and B/S Details HY2018 3. Outlook 2018 July 24, 2018 HY 2018 Investor Presentation 2 Performance Highlights HY2018 P&L Statement
More informationINTERIM REPORT NESTLÉ (MALAYSIA) BERHAD ( W) (Incorporated in Malaysia)
INTERIM REPORT NESTLÉ (MALAYSIA) BERHAD (110925-W) (Incorporated in Malaysia) The Directors are pleased to present the Interim Report for the period ended 30 June 2016 as follows: CONDENSED CONSOLIDATED
More informationSACU INFLATION REPORT. October 2018
SACU INFLATION REPORT October 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationThe External Environment for Developing Countries
d Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized The External Environment for Developing Countries March 2008 The World Bank Development Economics Prospects Group
More informationAnalyst Meet 13 th February 2013
Analyst Meet 13 th February 2013 Disclaimer This presentation may contain statements which reflect Management s current views and estimates and could be construed as forward looking statements. The future
More informationSTRAUSS GROUP. March 21 st, Q4 & FY 2015 Earnings Conference Call
STRAUSS GROUP March 21 st, 2015 Q4 & FY 2015 Earnings Conference Call Disclaimer This presentation does not constitute an offering to purchase or sell securities of Strauss Group Ltd. (the Company ) or
More informationHero MotoCorp NEUTRAL. Performance Highlights. CMP `2,245 Target Price - 4QFY2012 Result Update Automobile. Investment Period - Key financials
4QFY212 Result Update Automobile Hero MotoCorp Performance Highlights Y/E March (` cr) 4QFY12 4QFY11 % chg (yoy) Angel est. % diff NEUTRAL CMP `2,245 Target Price - Investment Period - Net sales 6,35 5,391
More informationINTERIM REPORT. NESTLÉ (MALAYSIA) BERHAD ( W) (Incorporated in Malaysia)
INTERIM REPORT NESTLÉ (MALAYSIA) BERHAD (110925-W) (Incorporated in Malaysia) The Directors are pleased to present the Interim Report for the period ended 30 September 2017 as follows: CONDENSED CONSOLIDATED
More informationFredrik Nilsson, Chief Financial Officer. CFO update. The Co-Development Company
Fredrik Nilsson, Chief Financial Officer CFO update Good progress in most of the focus areas 2018 Organic volume growth Higher than market Organic growth Higher growth than underlying markets Operating
More informationReligare Investment Call
v-17 v-17 Dec-17 Jan-18 Jan-18 Feb-18 Mar-18 Mar-18 Apr-18 May-18 May-18 Jun-18 Jul-18 Aug-18 Aug-18 Sep-18 Oct-18 Oct-18 Q2FY19 Result Update Q2FY19 Result Update BUY CMP (Rs) 282 Target Price (Rs) 321
More informationQuick take. Ruchira Papers Ltd. BUY. Creating value through paper. Target Price. Investment Period 12 Months. 3 year daily price chart.
Ltd. Creating value through paper Limited (RPL) manufactures writing paper, printing paper and Kraft paper. The company's white writing and printing paper is used in making notebooks and writing material,
More informationPTC India Financial Services
India I Equities BFSI Result Update Change in Estimates Target Reco 2 January 215 PTC India Financial Services Improving sanctions, high NIM, stable asset quality; Buy Key takeaways Strong loan growth,
More informationResult Presentation. Quarter ended September 30, 2018
Result Presentation Quarter ended September 30, 2018 Disclaimer The particulars of this presentation contain statements related but not limited to revenues, financial results and supplemental financial
More informationSQ 14 Results Presentation October 27, 2014
SQ 14 Results Presentation October 27, 2014 1 Safe Harbor Statement This Release / Communication, except for the historical information, may contain statements, including the words or phrases such as expects,
More informationHindustan Media Ventures
2QFY216 Result Update Media October 27, 215 Hindustan Media Ventures Performance Highlights Quarterly Data (` cr) 2QFY16 2QFY15 % yoy 1QFY15 % qoq Revenue 227 2 13.7 224 1.4 EBITDA 52 39 33.1 55 (4.5)
More informationThe descriptions below further elaborate the segment-wise performance for the period under review.
Carson Cumberbatch PLC Condensed Interim Financial Statements For the Nine months ended 31st December 2017 Carson Cumberbatch PLC For the Nine months ended 31st December 2017 1 Carson Cumberbatch PLC
More informationRoadshow presentation 9 months Key Sales Figures 2016/17. July 2017
Roadshow presentation 9 months Key Sales Figures 2016/17 Agenda BC at a glance Highlights Q3 2016/17 Strategy & Outlook Page 2 BC at a glance Who are we? The heart and engine of the chocolate industry
More informationFinancial Performance Q1FY19 Jul 18, 2018
Financial Performance Q1FY19 Jul 18, 2018 1 Agenda Financial Highlights Business Update Financial Statements Income Statement Balance Sheet Business Analysis Shareholding Pattern 2 Financial Highlights
More information