Trending stocks: Nestle India shares down over 2%

NEW DELHI: Shares of Nestle India traded 1.76 per cent down in Wednesday 's trade at 09:35AM (IST).
Around 3354 shares changed hands on the counter. The stock opened at Rs 17900.0 and touched an intraday high and low of Rs 17900.0 and Rs 17051.05 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 18369.95 and a 52-week low of Rs 10120.05 .


Nestle India, the maker of Maggi noodles and Kitkat chocolate, reported a forecast-beating 13.54 per cent year-on-year (YoY) jump in the net profit for the quarter ended March on Tuesday.

Financials
Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 168360.64 Crore) operating in FMCG sector.

For the quarter ended 31-03-2020, the company reported a Standalone sales of Rs 3305.78 Crore, up 5.59 % from last quarter Sales of Rs 3130.74 Crore and up 10.84 % from last year same quarter Sales of Rs 2982.39 Crore. The Company reported net profit after tax of Rs 525.43 Crore in latest quarter.

Nestle India Ltd. key Products/Revenue Segments include Milk Products which contributed Rs 5187.63 Crore to Sales Value (45.93 % of Total Sales), Prepared Dishes & Cooking aids which contributed Rs 3105.25 Crore to Sales Value (27.49 % of Total Sales), Beverages (Powdered) which contributed Rs 1522.61 Crore to Sales Value (13.48 % of Total Sales), Confectionery which contributed Rs 1400.74 Crore to Sales Value (12.40 % of Total Sales), Export Incentives which contributed Rs 55.82 Crore to Sales Value (0.49 % of Total Sales), Other Operating Revenue which contributed Rs 20.22 Crore to Sales Value (0.17 % of Total Sales)for the year ending 31-Dec-2018.

Valuation ratio
It quoted a price-to-earnings ratio of 82.87 and price to book value of 87.14 .