Nestle India Records Impressive 37% Increase in Q3 Profit
Nestle India Ltd, a leading Fast-Moving Consumer Goods (FMCG) company, has reported a remarkable 37.3% growth in net consolidated profit for the third quarter of the current calendar year. The company’s profit surged to ₹908 crore, compared to ₹661.4 crore in the same period last year. This substantial increase in profit can be attributed to various factors, including a one-time gain of ₹106.4 crore.
The company’s consolidated revenue also witnessed a significant rise, registering a growth of 9.5% to reach ₹5,036 crore during the mentioned quarter. This surge in revenue is an indication of Nestle India’s strong performance and market position.
Nestle India’s Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) income also experienced notable growth, increasing by 21.3% to ₹1,225 crore compared to the previous quarter’s ₹1,009.6 crore. This highlights the company’s effective cost management and efficient operation strategies.
During the third quarter, Nestle India achieved a total sales growth of 9.4%, with domestic sales specifically growing by 10.3%. The profit from operations stood at an impressive 22.6% of sales, showcasing Nestle India’s ability to effectively capitalize on market opportunities. Additionally, the earnings per share were reported at ₹94.18, reflecting a positive outlook for the company.
Suresh Narayanan, the Chairman and Managing Director of Nestle India, expressed his contentment with the company’s performance, stating, Domestic sales have witnessed double-digit growth, driven by a combination of product mix, volume, and price. Our key brands, such as KITKAT, NESCAFÉ CLASSIC, and NESCAFÉ SUNRISE, have performed exceptionally well, supported by MUNCH and MILKMAID. We remain committed to strengthening our brand equity and have made substantial investments across all product groups. Narayanan further added that this quarter marked a significant milestone for Nestle India, as the company crossed ₹5,000 crore in quarterly turnover for the first time in its history.
Nestle India’s impressive Q3 performance indicates its ability to adapt and thrive in a competitive market. With strong brand loyalty, strategic investments, and a focus on product quality, the company is well-positioned for future growth and success.
