October 23, nestle was reported that the company saw a mild decrease because of the higher tax expenses.
But the demand for ready to use products could be a high chance that the revenue will increase a little bit on the basis of year on year period.
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The company follows the financial year as January- December. The company saw a 7% decrease in the September quarter but as of now has gained 3%.
KR Choksey said ” He is expecting the revenue growth should be slightly higher because of the products such as Maggi, coffee, mil products and especially ready to use products.
The performance should be good as then the revenue will be good.
The company needs to work on some things for their own benefit like demand trends in packaged foods, cost control activities, price and volume, recovery in trade channels.
Kotak institutional equities said that there is almost five per cent growth from the reports and ten per cent from domestic, especially packaged foods.
There was a huge advantage to the company as all the business were stopped because of the pandemic for a good couple of months but the only sector which saw profit is the food sector because the consumption was increased so much.
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