Dolat Capital Market has given Accumulate recommendation for Nestle India with a target price of Rs. 17,667 in its research report issued on Apr 16, 2021

Dolat Capital Market’s research report on Nestle India

Despite the magnitude and volatility of the Covid-19 Pandemic, Nestle India (NIL) delivered good sales growth of 8% in 2020. While in-home consumption categories (~85%) demonstrated strong growth; Out-of Home business was muted due to lockdown restrictions. In its Annual Report 2020, NIL reinforced commitment to 5 P’s- Purpose, Planet, Partnerships, People and Performance; which helped the company navigate through unprecedented times.

Outlook

The company’s continuous efforts to innovate new products and categories and high success rate compared to peers is the most encouraging prospect.

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