What was the Nestle India Net Profit Earned for Q4?
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Nestle India saw a profit growth of 27% YoY from ₹736.64 Crore to ₹934.17 Crore
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Nestle India has announced its Q4 results for FY24 and the company has seen a major jump of 27% in its profit for the quarter. The profit now stands at ₹934.17 crore. When compared to YoY, the company saw a profit of ₹736.64 crore. With a company revenue of ₹5,267.59 crore in this quarter an increase of 9% can be seen when compared YoY, where the company saw a revenue of ₹4,830.53 in FY23. When compared to Q3FY24, Q4FY24 the company saw a 42.4% growth in the net profit and 14% growth in revenue.
India’s relationship goes back to 1912 when the company began trading with our country as the NESTLÉ Anglo-Swiss Condensed Milk Company (Export) Limited. The company was known for selling and importing finished products in the country. Post 1947, the Indian Government implemented economic policies that discussed the need for local production. Thus NESTLÉ set up its very first factory in 1961 at Moga, Punjab. The company has truly come a long way from those days and can be seen achieving double-digit growth even with issues like food inflation and fluctuations in commodity prices. NESTLÉ India is known to manufacture high-quality products under internationally known brands like NESCAFÉ, MAGGI, MILKYBAR, KIT KAT, etc.
Explore: Nestle India Share Price
Nestle India’s Q4 FY2023-24 results have brought to the fore how diligently the company has performed in the fourth quarter. Here are the five key financial highlights of Nestle India's Q4 results:
Additional Read: 129 Indian Companies to Release Q4 Results
In FY’24 Nestle India has truly delivered an impressive performance with a revenue growth of 9% and a profit growth of 27%. The company’s profit is now ₹934.17 crore whereas on one hand in FY’23 the company’s profit stood at ₹736.64 crore.. In this quarter, Nestle India brought in a revenue of ₹5,267.59 crore. When compared to its FY’23 revenue in this quarter of ₹4,830.53 in FY23, the company has indeed maintained a great growth trajectory. A year-on-year comparison also shows the immense growth the company has achieved with a 42.4% growth in the net profit and a 14% growth in revenue from FY’23 to FY’24. With this kind of growth being achieved, Nestle India is making a huge mark in the market and establishing itself as a stronger company with each passing day.
Additional Read: Quarterly Results
Metrics | Q3FY24 | Q4FY24 |
Domestic Sales | 4421.7 | 5021.6 |
Export Sales | 161.8 | 238.2 |
Sale of Products | 4583.6 | 5254.4 |
Other Operating Revenue | 16.79 | 13.16 |
Revenue From Operations | 4600.4 | 5267.5 |
Total Income | 4630.7 | 5294.3 |
Total Expenses | 3636.9 | 4053.8 |
Profit Before Exceptional Items and Tax | 993.7 | 1240.5 |
Profit for the Period | 655.6 | 934.1 |
Total Comprehensive Income | 680.4 | 923 |
The company has also approved an agreement with Dr Reddy’s Laboratories to form a joint venture. This is expected to be operational from Q2FY25. Nestle India has also approved the launch of Nespresso in the country and looks forward to participating in selling and distributing Nespresso’s products. Seeing as there has been a steady demand for specific food items like chocolates and biscuits, Nestle India will continue to see its growth take off soon. Even with the raised prices on some of their products like coffee and noodles to maintain their profit margin, Nestle is still looking at a bright future.
Additional Read: Annual Results
Nestle India’s continued focus has been to concentrate its efforts on understanding the constant changes happening in the lifestyles of Indians. This helps the company decipher consumer needs better so that it can provide the best in taste, nutrition, health and wellness through its products. With all the efforts the company has been making, and the revenue and profit it has seen generating, there is little doubt that the company will only continue to grow.
Results for the Fourth Quarter and Full Year Ended March 31, 2024
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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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Source: Nestle India
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Nestle India saw a profit growth of 27% YoY from ₹736.64 Crore to ₹934.17 Crore
The company has also approved an agreement with Dr Reddy’s Laboratories to form a joint venture. This is expected to be operational from Q2FY25. Nestle India has also approved the launch of Nespresso in the country and looks forward to participating in selling and distributing Nespresso’s products. The future looks bright for the company.
Nestle India has seen a double-digit growth in this quarter and over the past year as well. Here are some of the main business updates of the company:
Confectionery performed strongly in the market, thanks to Kitkat, which made India the second-largest market for the brand globally
The company has also approved an agreement with Dr Reddy’s Laboratories to form a joint venture. This is expected to be operational from Q2FY25.
Nestle India has also approved the launch of Nespresso in the country and looks forward to participating in selling and distributing Nespresso’s products.
Nestle India has decided on a final dividend of ₹8.50 per equity share
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