Sharekhan has given Buy recommendation for Nestle India with a target price of Rs. 22,395 in its research report issued on Dec 08, 2021

Sharekhan’s research report on Nestle India

Nestle India Limited (Nestle) is banking on medium-term growth levers such as 1) wider rural presence, 2) increased contribution of new products, and 3) accelerated footprints through new channels. Nestle has received the government’s nod for the PLI scheme for processed fruits and vegetables, which will further help the company expand its product portfolio. Nestle is eyeing lower wastage, better plant efficiency, procurement excellence, and cost cuts through Project Shark to ease effects of raw-material inflation and drive up margins sustainably in the long run.


We maintain Buy on the stock with an unchanged PT of Rs. 22,395. Decent earnings growth visibility, consistent dividends, and underperformance to broader indices provide good investment opportunity.

Leave a Reply

Your email address will not be published. Required fields are marked *