Nestle India's Q1 profit falls 1% to Rs 595 crore; revenue rises 10%

Nestle Q1 result: The management remains cautious of continued inflation as it shadows short-to-medium term growth outlook.

Shares of Nestle India slipped 1.12 per cent, in an otherwise upbeat market, after the company's net profit declined by 1.2 per cent year-on-year (YoY) to Rs 594.7 crore in March quarter (Q1CY21). The company had posted net profit of Rs Rs 602.25 crore in the year-ago quarter.

The FMCG major, however, registered a near 10 per cent growth YoY in total income to Rs 4,002.14 crore from Rs 3,640.47 crore. While the domestic sales were largely driven by volume growth and sales mix, exports took a hit as it declined by 1 per cent YoY due to change in