Nestle India Ltd on Thursday reported 6.5 per cent decline in consolidated net profit at Rs 873.46 crore for March quarter FY25 as the FMCG industry faced food inflation and moderation in urban consumption. The company posted a profit of Rs 934.17 crore for the January-March period a year ago, according to a regulatory filing from Nestle India. Revenue from the sale of products was up at Rs 5,447.64 crore in the quarter as against Rs 5,254.43 crore a year ago. "Total sales and domestic sales for the quarter increased 3.7 per cent and 4.2 per cent, respectively. Domestic sales growth was broad-based. Domestic sales crossed Rs 5,235 crore, the highest ever, surpassing that of JanuaryMarch 2024 quarter," said Nestle India, which owns popular brands as Maggi, Nescafe and Kit Kat. However, exports were down 8.65 per cent to Rs 212.66 crore in Q4 FY25 due to commodity headwinds in coffee. In March quarter, total expenses of Nestle India were at Rs 4,307.76 crore. Revenue from operation
Q4 FY25 company results today: SBI Life Insurance, Nelco, and SBI Cards and Payment Services will be among 37 companies to post earnings reports for the January-March quarter
Nestle Q4 results preview: The company's revenue, on average, for the fourth quarter ended March 31, 2025, is anticipated at ₹5,490.36 crore as compared to ₹5,254 crore a year ago
Apart from testing the 200-DMA, Nestle has also retraced 38.2% of the recent fall. Chart shows key hurdle for the stock at ₹ 2,400 levels; here are the other key levels to track.
The decline in Nestle's share price came after reports suggested that global brokerage firm BoFA Securities has downgraded the stock to 'Underperform' from 'Neutral.'
Nestle India's appeal against the Deputy Commissioner of Customs' order was rejected, as the Appellate Authority upheld the decision, confirming a ₹69.45 lakh penalty
The company, which makes Maggi instant noodles, said there was no material impact on its financials, operations or other activities because of the incident
"Wherever (price increase) is absolutely essential, we will have to take some pricing action," Nestle India Managing Director Suresh Narayanan told Reuters
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Profits at Corporate India came under pressure in the October-December quarter due to the double whammy of consumers cutting back due to inflation in large cities and high prices of commodities
Among the key themes identified in the report is the growing importance of rural markets. Nuvama expects companies with a stronger rural exposure to outpace urban-focused peers in the next 2 quarters
Hopes tax benefits in Budget 2025 will spur consumption, sales
Despite India being a predominantly tea-drinking nation, coffee consumption is rising, especially in urban areas
Most brokerages have cut earnings per share (EPS) estimates on Nestle India on the backdrop of moderation in growth momentum in the near term
The company had reported a net profit of Rs 655.6 crore in the same period last year
For Nestle India, home to Nescafe instant coffee and KitKat chocolate brands, revenue increased nearly 4 per cent to Rs 4,780 crore
Q3 FY25 company results, January 31: Vedanta, Nuvama, Punjab National Bank, IndusInd Bank, and Bandhan Bank will be among 135 companies to release their reports for the Oct-Dec quarter
Back home, at 6:40 AM, GIFT Nifty futures indicated a strong start, up 71 points at 23,489
Analysts and investors will keep an eye out for management's guidance on demand and growth outlook
Nestle India share price has tumbled nearly 23% in the last 4 months, and now trades 5% away from its key long-term support on the monthly chart; the stock has held since November 2017.