Nestle India Q3CY24 Results
Nestle India reported a 1% YoY revenue growth
- 21 Oct 2024
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- Nestle India reported a 5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the calendar year quarter ended September 2024 (Q3CY24). On a year-on-year (YoY) basis, it witnessed a growth of 1%.
- Its expenses for the quarter were up 6% QoQ and 3% YoY.
- While the net profit increased by 20% QoQ, it was down by 1% on a YoY basis.
- The earnings per share (EPS) of Nestle India stood at 9.3 during Q3CY24.
Nestle India Financial Statements for Q2CY24:
| (₹ crores) | Q3CY23 | Q2CY24 | Q3CY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 5,070 | 4,853 | 5,111 | 5% | 1% |
Total expenses | 3,954 | 3,844 | 4,090 | 6% | 3% |
Profit before tax | 1,222 | 1,009 | 1,200 | 19% | -2% |
Tax | 314 | 262 | 301 | 15% | -4% |
Profit after tax | 908 | 747 | 899 | 20% | -1% |
Earnings per share | 9.4 | 7.7 | 9.3 |
Financials:
Financial Highlights - Quarter 2, 2024-25: Standalone
- Total Sales of ₹5,074.8 crores
- Total Sales Growth at 1.3%. Domestic Sales Growth at 1.2%.
- Profit from Operations at 21.0% of Sales
- Net Profit of INR 986.4 crores
- Earnings Per Share of INR 10.23.
Management Commentary:
Suresh Narayanan, Chairman and Managing Director, Nestlé India:
- Despite challenges like muted consumer demand and high commodity prices, Nestlé delivered growth, with five of the top 12 brands seeing double-digit growth.
- Key brands faced pressure, but robust action plans are in place to address softer demand.
- 65% of the top brands, including MAGGI noodles, saw positive volume growth in the last 9 months.
- Beverages like NESCAFÉ and MILKMAID posted strong double-digit growth.
- Nestlé continues to focus on core brands, with increased marketing investments and digital enhancements.
- Innovation remains key, with 145 new products launched in 8 years, contributing to 7% of sales.
- CERELAC now offers 14 sugar-free variants as it celebrates 50 years in India.
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
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