: Tuesday, April 20, 2021, 10:05 PM IST
Nestle profit rises 14.6% to Rs 602.25 cr in Jan-Mar, sales up 8.9% to Rs 3,600 cr
According to the company, Growth broad-based and largely driven by volume and mix as key products boosted by in-home consumption and posted double-digit growth
Nestle India Q3 net profit down 1.37% to Rs 587 crore
FMCG major Nestle India Ltd on Tuesday reported a 14.62 per cent rise in its net profit to Rs 602.25 crore for the quarter ended in March 2021 driven by increase in sales volume of its key products.
The company, which follows January-December financial year, had posted a profit of Rs 525.43 crore in the same period a year ago.
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.
Nestle India s revenue from operations in the March quarter stood at Rs 3,611 crore
Manufacturer of popular noodle brand Maggi - Nestle India, reported a net profit of Rs 602 crore on Tuesday, April 20, registering a growth of 14.6 per cent in the January-March quarter from Rs 525 crore during the same period last year. According to a regulatory filing by the firm to the BSE, Nestle India reported double-digit domestic growth in the quarter ending March 2021 at 10.2 per cent, while the overall sales grew by 8.9 per cent to Rs 3,600 crore. The FMCG major reported broad-based growth in the quarter, largely driven by volume and mix. (
Nestle net profit rises 14.62% to Rs 602.25 crore in Mar quarter
Profit from operation, at Rs 840.2 crore, was 23.3 per cent of sales; total income in March quarter this year was Rs 3,640.47 crore, as against Rs 3,368.12 crore in the corresponding quarter previous fiscal
BusinessToday.In | April 20, 2021 | Updated 18:39 IST
Nestle India posted a 14.62 per cent increase in net profit for the quarter ended March 31, 2021, on the back of double-digit growth in domestic sales. The Maggi-Noodles-maker reported a net profit of Rs 602.25 crore during the quarter under review, as opposed to Rs 525.43 crore in the year-ago period.
Domestic sales under the March quarter stood at Rs 3,442.03 crore, 10.17 per cent higher than Rs 3,124.23 crore in the same quarter previous fiscal. Nestle s revenue from operations was recorded at Rs 3,610.82 crore in Q1 2021, compared to Rs 3,325.27 crore in Q1 2020. The company saw total sales worth Rs 3,600.2 crore during the March quarter this year, up fr
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Nestlé India posted a 14.6% increase in net profit to ₹602.25 crore for quarter ended March 31 from a year earlier, as in-home consumption boosted demand for key products.
The company, which follows the January-December financial year, had reported a net profit of ₹525.43 crore in January-March 2020 quarter.
Total sales rose 8.9% to ₹3,600 crore. In a statement, the company said the growth “was broad based and largely driven by volume and mix. Key products boosted by in-home consumption, posted double-digit growth”.
“Domestic sales increased by 10.2%. Export sales were lower by 12.9% due to lower exports to affiliates. Demand in Out-of-Home channel further improved. but continues to be impacted by COVID,” it added. The company declared an interim dividend of ₹25 per share.