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Nestle Q2 Review: Profit Rises 36%, But Rich Valuations Limit Upside, Says Motilal Oswal; Check Target Price
Source: NDTV Profit (Feedburner) · 2 hr ago
Summary
Nestle has posted strong growth for the past four quarters, but the brokerage expects the pace to slow because of a high starting point, rising food prices and limited scope to further improve its EBITDA margin, which is already at 24%. It notes that while profit rose sharply, the company’s lofty valuation may curb future upside.
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From the original report
Nestle has delivered superior growth over the last four quarters following GST 2.0, and it expects growth momentum to moderate on account of a high base, rising food inflation, and limited room for Ebitda margin expansion, which is already at 24%, highlights the brokerage.
Excerpt from NDTV Profit (Feedburner).
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