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Prabhudas Lilladher: Market Performer - Nestle India

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Our Research Bureau Mumbai
Last Updated : Feb 14 2013 | 9:43 PM IST
"At the CMP of Rs 1,114, Nestle India trades at 31.6x CY06E earnings and 25.6x CY07E earnings. At current levels, we maintain a Market Performer rating on it."
 
According to brokerage house, the sales growth of Nestle as it has a product portfolio that is expected to grow with rising income levels and urbanization. However, they believe that the company's plans of growing its fresh dairy business will face intense competition from players like Amul, which are aggressively expanding operations.
 
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