Related
ICICI Securities has given hold rating Nestle India with a target price of Rs 16,500. The share price moved down by 1.08 per cent from its previous close of Rs 15,418.90. The stock’s last traded price is Rs 15,252.50.
Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 146560.08 Crore) operating in FMCG sector.
Financials
For the quarter ended 30-06-2020, the company reported a Standalone sales of Rs 3041.45 Crore, down 8.00 % from last quarter Sales of Rs 3305.78 Crore and up 1.97 % from last year same quarter Sales of Rs 2982.83 Crore. The Company reported net profit after tax of Rs 486.60 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 62.8 per cent stake in the company as of March 31, 2020, while FIIs held 11.8 per cent, DIIs 9.2 per cent and public and other 16.2 per cent.
Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 146560.08 Crore) operating in FMCG sector.
Financials
For the quarter ended 30-06-2020, the company reported a Standalone sales of Rs 3041.45 Crore, down 8.00 % from last quarter Sales of Rs 3305.78 Crore and up 1.97 % from last year same quarter Sales of Rs 2982.83 Crore. The Company reported net profit after tax of Rs 486.60 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 62.8 per cent stake in the company as of March 31, 2020, while FIIs held 11.8 per cent, DIIs 9.2 per cent and public and other 16.2 per cent.