Nestle showed a marginal decline in Profit before tax from Rs 659 Crores in Qtr 1 last year to Rs Rs 652 Crores in Apr-Jun 2020. Total revenue showed a micro growth of 1.7% to Rs 3050 crores as against Rs 3000 Crores reported last year. Net profit for Apr-Jun quarter showed a growth of 11.2% over last year same period at Rs 487 crore for this quarter.
Nestle’s operating profits rose to 4.9% year on year to Rs 747 Crores. Growth is also reflected in operating margins from 23.7% last year to 24.5% in this quarter. The industry expectations were higher from this mega global food giant. Also read Britannia hit 52 week high in stocks post Quarterly results
Heritage foods limited declared a net profit of Rs 29.23 Crores which is an impressive leap of 55.1 percent from last year. Revenues from the operations fell to Rs 639 Crores to Rs 721 Crores from the same period last year. Also read Seven listed dairy stocks almost doubled their investor’s wealth during Covid
As per Brahmi Nara, ED ” We have ensured un-interrupted supplies to consumers in rural and urban areas. We did this by maintaining all the safety procedures like social distancing and sanitising across the complete supply chain. The EBIDTA also went up by 18.1 % from Rs 48.80 Crores to Rs 57.65 crores. Heritage has also launched few new products in health and nutrition segments in the same quarter. Also read A2 is the way 2 Heritage foods launched A2 milk
Mondelez International the manufacturers of Cadbury Dairy Milk and Oreo Cookies has seen a double digit fall in its revenue in in April and May. It happened due to lockdowns and closure of markets, HORECA ,etc. In June the company saw a mid single digit growth.
India is around a billion dollar market for Mondelez and contributes to 6%,7%,8% top line growth to the group . The group has seen a 2.5% decline in April-June quarter sales globally. The group is not positive over India regaining a double digit growth in near term but is positive on current returns to continue its operational plan in India.