ET NOW's video: Nestle Q4CY20 Profits and Margins below expectations

Maggi &KitKat Maker Nestle reported a subdued Q4CY20 number today. The Bottom line and Operating margins were below the ET Now poll. The Company reported revenue growth of 8.9%. The Revenue came in at Rs 3432 crore as compared to  Rs 3149 crore in the same period last year The Domestic Sales growth is largely driven by volume & mix and is broad-based. The company highlighted that demand in Out of Home channels continued to improve sequentially.  The profits grew marginally by 2.3% YoY to Rs 483.3 crore for the quarter ended Dec-20.  The EBITDA margins expanded by 60 basis points and come in at 22.6% for the quarter. Vinnii Motiwala is here with more details. Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com