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