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Nestle Records ₹ 594.71 Crore March Quarter Profit

The company, which follows January-December financial year, had posted a profit of ₹ 602.25 crore in the same period a year ago, Nestle said in a BSE filing

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 FMCG major Nestle India Ltd on Thursday reported a 1.25 per cent decline in its net profit to ₹ 594.71 crore for the first quarter ended March 2022.

The company, which follows January-December financial year, had posted a profit of ₹ 602.25 crore in the same period a year ago, Nestle said in a BSE filing.

However, Nestle India's net sales increased 9.74 per cent to ₹ 3,950.90 crore during the quarter against ₹ 3,600.20 crore in the corresponding period last fiscal, the company added.

Its total expenses in the January-March quarter rose 12.98 per cent to ₹ 3,195.90 crore compared to ₹ 2,828.61 crore a year ago.

Nestle India's domestic sales surged 10.23 per cent to ₹ 3,794.26 crore from ₹ 3,442.03 crore in the January-March quarter of 2021.

Its exports were marginally down by 0.96 per cent at ₹ 156.64 crore against ₹ 158.17 crore in the year-ago quarter.

Shares of Nestle India Ltd were trading at ₹ 18,089.60 apiece on BSE in the mid-session, up 1.22 per cent from its previous close.


(PTI)


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