On a standalone basis, Nestle India net profit jumped 14.62% to Rs 602.25 crore on 8.58% increase in revenue from operations to Rs 3,610.82 crore in Q1 FY21 over Q1 FY20.
During the quarter ended, total sales increased by 8.9% while domestic sales soared 10.2% year-on-year (Y-o-Y) driven by volume & mix and was broad based. Export sales tumbled 12.9% Y-o-Y due to lower exports to affiliates. Demand in out of home channel further improved in the quarter but continuef to be impacted by COVID-19, the company said.
E‐Commerce channel grew 66% Y-o-Y and contributed 3.8% of domestic sales. However, the company witnessed headwinds in commodity and packaging materials. The FMCG major said it achieved plastic neutrality across all brands in 2020.