Earnings Report /
Sri Lanka

Nestle Lanka: 2Q CY21 - Increased reliance on essential categories in CY21E

  • Price increases on essential categories to drive top line in CY21E

  • Pressure on raw material costs in the near-term; margins impacted

  • We downgrade NEST to a HOLD with a revised TP of LKR 1,260/share

Asia Securities
16 August 2021
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