Shares of Nestle India climb 5% in early trade

New Delhi: Shares of Nestle India traded 5.01 per cent up in Wednesday's trade at 10:34 am. Around 50,419 shares changed hands on the counter. The stock opened at Rs 12800.0 and touched an intraday high and low of Rs 14499.95 and Rs 12800.0, respectively, in the session so far.

FMCG major Nestle India has suspended and scaled down operations,except for essential items, at its manufacturing units in compliance with the directives issued by the government, the company said.

The stock quoted a 52-week high of Rs 16817.0 and a 52-week low of Rs 9047.05.


Financials
Nestle India, incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 130695.36 crore) operating in FMCG sector.

The company reported net profit after tax of Rs 473.02 crore for the quarter ended 31 December, 2019. For the quarter ended 31-12-2019, the company has reported Standalone sales of Rs 3130.74 crore, down 2.14 per cent from last quarter Sales of Rs 3199.31 crore and up 8.75 per cent from last year same quarter Sales of Rs 2878.83 crore

Nestle India key products/revenue segments include milk products which contributed Rs 5187.63 crore to sales value (45.93 per cent of total sales), prepared dishes & cooking aids which contributed Rs 3105.25 crore to sales value (27.49 per cent of total sales), beverages (powdered) which contributed Rs 1522.61 crore to sales value (13.48 per cent of total sales), confectionery which contributed Rs 1400.74 crore to sales value (12.40 per cent of total sales), export incentives which contributed Rs 55.82 crore to sales value (0.49 per cent of total sales), other operating revenue which contributed Rs 20.22 crore to sales value (0.17 per cent of total sales)for the year ending 31-dec-2018.

Promoters holding
Promoters held 62.76475 per cent stake in the company as of Dec 2019.

Valuation ratio
It quoted a price-to-earnings ratio of 69.06 and price to book value of 70.39.