Nestle India Q4 standalone PAT falls 5% YoY to Rs 885 cr, reveune up 4%

Maggi-maker Nestle India on Thursday reported a 5.2% year-on-year (YoY) decline in standalone net profit to Rs 885 crore for the March quarter, while revenue from operations rose 4.5% YoY to Rs 5,504 crore. Both figures came in slightly above Street estimates.

While announcing its quarterly numbers, Nestle also handed out a final dividend of Rs 10 for FY25.

Nestle India Chairman and MD Suresh Narayanan said the FMCG major's domestic sales crossed the Rs 5,235 crore mark, the highest ever in any quarter, supported by improving volume growth. "I am pleased to report that this quarter we witnessed double-digit growth in Beverages and Confectionery, with 3 out of 4 product groups delivering healthy growth."

The total sales and domestic sales for the quarter increased by 3.7% and 4.2%, respectively, with the company saying that the domestic sales growth was broad-based.

More to come...