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( As on 25/04/2024 18:20)

Nestle India Q5 net profit up 26.81% at Rs 934.17 cr

The company reported standalone net profit of Rs 934.17 crore for the quarter ended March 31, 2024 as compared to Rs 736.64 crore in the same period last year, registering a year-on-year growth of 26.81 per cent.

Net revenue of the company rose moderately by 9.28 per cent at Rs 5,254.43 crore in January-March quarter of this fiscal as against Rs 4,808.40 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 4.92 per cent to Rs 3,918.77 crore from Rs 3,735.05 crore in year ago period.

Other Income dipped by 20.60 per cent at Rs 26.75 crore versus (Mar'23 Rs 33.69 crore).

Operating Profit surged by 23.13 per cent to Rs 1,348.82 crore as against Rs 1,095.48 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 12.69 per cent in March quarter.

Interest declined by 29.21 per cent y-o-y to Rs 26.20 crore, while Taxation increased by 24.66 per cent at Rs 316.41 crore (Mar'23 Rs 253.82 crore).