Home » » » » Nestle India beats projections, takes net profit up 25% to Rs 736 crore in Q1

Nestle India beats projections, takes net profit up 25% to Rs 736 crore in Q1

 

Nestle India, the house of Kitkat chocolates and Maggi noodles, reported a net profit of Rs 736 crore for the March quarter, making a 24.7 percent jump over the year-ago period.


Financial Highlights – Q1 2023: 

  • Total Sales of INR 4,808 Crore.
  • Total Sales Growth at 21.3%. Domestic Sales Growth at 21.2%.
  • Profit from Operations at 21.0% of Sales. 
  • Net Profit of INR 737 Crore
  • Earnings Per Share of INR 76.4. 
  • Interim Dividend INR 27.00 per equity share declared on 12th April, 2023

This is a big beat on estimates that had pegged the Nestle net profit at Rs 674 crore. The company follows a January to December financial year.

Follow our live blog for all the market action

Revenue from operations jumped 21.3 percent year-on-year to Rs 4,830 crore. On the operating front, EBITDA (earnings before interest, taxes, depreciation and amortization) came in at Rs 1,098 crore, up 18 percent.

Comments

Post a Comment

Popular posts from this blog

Bharti Airtel Result Summary

ToDate Result Date  Type   EBITA YOY   Profit YOY   CI YOY   EPS YOY   EBITA QOQ   Profit QOQ   CI QOQ   EPS QOQ   Mar-2024   14-May-2024   C 4.38 -51.06 -83.71 -31.89 23.47 -28.1 413.33 -15.46 S 19.91 34.68 34.47 33.05 -6.07 28.95 28.77 28.74  Dec-2023   05-Feb-2024   C -2.76 10.05 -94.78 51.96 -23.07 37.42 -90.66 80.93 S 62.94 -143.89 -143.95 -143.41 11.25 382.73 382.69 384.31  Sep-2023   31-Oct-2023   C 29.18 -29.73 -51.92 -37.89 4.57 37.69 -136.73 -16.9 S 59.12 -69.12 -69.06 -69.64 5.56 -79.89 -79.67 -80.16  Jun-2023   04-Aug-2023   C 46.69 -38.42 -312.93 -1.39 5.09 -64.03 -192.48 -46.42 S 257.96 258.4 263.29 252.05 8.71 7.58 6.41 7.53  Mar-2023   16-May-2023   C 21.39 13.76 2.91 47.63 15.02 61.69 64.5 88.61 S 4576.38 -154.87 -154.98 -154.07 27.64 -142.03 -142.09 -142  Dec-2022   0...
Read more

Gentari signs MoUs with MoEVing, Gati to reinforce India commitment

  Collaborations with MoEVing, Gati and Tata Motors to strengthen green mobility portfolio NEW DELHI, India – 27 March 2023  – Clean energy solutions provider Gentari is maintaining its steady pace in delivering decarbonisation to key markets globally. In India, its green mobility arm is catalysing growth via a series of partnerships and investments. Gentari, through its affiliated entity Amplus Power Supply Private Limited, signed a Memorandum of Understanding (MoU) with Tata Motors, India’s largest commercial vehicle manufacturer, in 2022, whereby the latter will deliver 5,000 units of Tata Ace EV – India’s most advanced, zero-emission, four-wheel small commercial vehicle, over three years. The MoU includes delivery of 1,000 units in the first year, for deployment in cities such as Delhi, Bengaluru, Hyderabad, Pune and Kolkata. To mark the delivery of the first batch of 100 trucks throughout March and April this year, a vehicle handover ceremony was held at the 8 th  Sm...
Read more

TATAMOTORS Result Summary

ToDate Result Date  Type   EBITA YOY   Profit YOY   CI YOY   EPS YOY   EBITA QOQ   Profit QOQ   CI QOQ   EPS QOQ   Mar-2024   10-May-2024   C 85.78 218.93 106.49 221.9 21.63 145.31 46.15 147.93 S 19.74 -21.11 -17.29 -21.19 36.33 -53.47 -53.43 -53.52  Dec-2023   02-Feb-2024   C 135.17 134.8 6.08 137.61 26.25 86.46 10675.97 86.75 S 113.66 802.83 750.85 809.92 -22.42 259.95 234.11 261.21  Sep-2023   02-Nov-2023   C -469.21 -526.57 -101.06 -497.17 11.15 16.1 -98.8 17.49 S -723.42 -533.93 -726.29 -534.21 130.42 -2082.57 -18726.45 -2041.18  Jun-2023   25-Jul-2023   C -212.49 -166.67 -209.52 -163.89 8.84 -39.94 9.53 -40.82 S -584.46 -64.62 -98.53 -63.83 -50.86 -102.38 -100.29 -102.42  Mar-2023   12-May-2023   C 960.61 -654.01 2399.57 -622.59 53.97 80.6 -24.92 83.01 S 336.13 552.13 400.16 557.01 143.27 432.5...
Read more