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Consumer Non-Durables

Nestle India Ltd.

Company Background

Nestle India is a subsidiary of the world's largest food and beverage company, Swiss-based Nestle. The parent company, together with holding company Maggi Enterprises, holds an approximately 63% stake in Nestle India, which has eight factories and four branch offices. In the milk products and nutrition segment, Nestle India contributes nearly 50% of domestic sales.

 

Suresh Narayanan, who joined the company in 1999, is Nestle India's chairman and managing director since August 2015. A post graduate in economics, he has over 30 years of experience in the consumer goods industry. Before replacing Etienne Benet as managing director in India at the height of Maggi noodle crisis, Narayanan was chairman and CEO of Nestle Philippines. Prior to Nestle, he had stints in Hindustan Unilever and Colgate Palmolive.

 

Nestle's association with India goes back to 1912, when it began trading as the Nestle Anglo-Swiss Condensed Milk (Export), importing and selling finished products in the Indian market. After India's independence from British rule in 1947, the country's new economic policies stressed local production, leading to Nestle forming a company in India and setting up its first factory at Moga in the northern state of Punjab in 1961 to develop the nation's milk infrastructure. The company's activities in India provide livelihoods for about 1 million people, including farmers and suppliers of packaging materials.

 

Business Summary

Nestlé India Ltd. engages in the manufacture and sale of food products. The firm offers beverages; breakfast cereals; chocolates and confectionery; dairy; nutrition; foods; vending and food services; imports; exports; and Nestle ad campaigns brands. It operates through the India and Outside India geographical segments. The company was founded in 1912 and is headquartered in Gurgaon, India.

Financial Highlights

Dec 2021 INRUSD
Revenue146,651.10M1,983.49M
Gross Profit58,638.50M793.10M
Operating income31,827.10M430.46M
Income before tax28,837.70M390.03M
Net income21,448.60M290.09M
EBITDA35,729M483.24M
Diluted EPS222.453.00
Dividends Per Share2002.70
Total Assets83,440.90M1,122.48M
Total liabilities62,396.40M839.38M
Total equity20,844.80M280.41M
Operating cash flow23,952.90M323.96M
Currency in INRCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 99,700.60M 112,364.50M 123,172.60M 133,133.80M 146,651.10M
Gross Profit 37,905.30M 46,437.40M 50,158.60M 53,280.40M 58,638.50M
Operating income 18,403.30M 23,169.70M 25,668.70M 28,562.10M 31,827.10M
Income before tax 18,393M 24,289.50M 26,734.90M 28,127.90M 28,837.70M
Net income 12,251.90M 16,069.30M 19,684.40M 20,824.30M 21,448.60M
EBITDA 21,825.80M 26,526.40M 29,370.20M 32,265.90M 35,729M
Diluted EPS 127.07 166.67 204.16 215.98 222.45
Dividends Per Share 86 115 162 225 200
Total Assets 75,160.90M 82,679.90M 73,174.20M 80,381.90M 83,440.90M
Total liabilities 40,949M 45,937.40M 53,981.20M 59,967.60M 62,396.40M
Total equity 34,205.90M 36,737.40M 19,188.70M 20,193.40M 20,844.80M
Operating cash flow 19,870.90M 23,041.20M 25,444.90M 26,036.90M 23,952.90M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 1,531.14M 1,641.75M 1,749.03M 1,796.14M 1,983.49M
Gross Profit 582.12M 678.49M 712.24M 718.82M 793.10M
Operating income 282.62M 338.53M 364.49M 385.33M 430.46M
Income before tax 282.46M 354.89M 379.63M 379.48M 390.03M
Net income 188.15M 234.78M 279.51M 280.94M 290.09M
EBITDA 335.18M 387.57M 417.05M 435.30M 483.24M
Diluted EPS 1.95 2.43 2.89 2.91 3.00
Dividends Per Share 1.32 1.68 2.30 3.03 2.70
Total Assets 1,177.56M 1,184.27M 1,025.16M 1,100.10M 1,122.48M
Total liabilities 641.55M 657.98M 756.27M 820.71M 839.38M
Total equity 535.91M 526.21M 268.83M 276.36M 280.41M
Operating cash flow 305.16M 336.65M 361.31M 351.27M 323.96M

Valuation Measures

Dec 2021
PER88.59
ROA26.18%
ROE104.52%
Operating margin21.70%
Profit margin14.62%

Key executives

  • Chairman & Managing Director: Suresh Narayanan
  • CFO, Director & Executive Director-Finance: David Steven McDaniel
  • Director & Executive Director-Technical: Matthias Christoph Lohner
  • Secretary, General Counsel & Compliance Officer: Balasubramaniam Murli
  • Head-Communications Cereals: Rashi Goel

Shareholders

  • Nestle SA (62.7%)
  • Life Insurance Corporation of India (Investment Portfolio) (2.2%)
  • Axis Asset Management Co. Ltd. (1.4%)
  • The Vanguard Group, Inc. (1.1%)
  • SBI Funds Management Pvt Ltd. (1.1%)
  • BlackRock Fund Advisors (0.9%)
  • UTI Asset Management Co. Ltd. (Investment Management) (0.7%)
  • BlackRock Advisors (UK) Ltd. (0.4%)
  • Veritas Asset Management LLP (0.4%)
  • First Sentier Investors (Hong Kong) Ltd. (0.2%)

Contact Details

  • Website:http://www.nestle.in
  • Address: Nestlé House, National Highway 8, Jacaranda Marg, M Block, Gurgaon, 122002, India
  • Phone: +91.12.42389300

Related Companies

  • Nestle Employees Provident Fund Trust
  • Industrial Surindu SA

Competitors

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