Nestle India Q4 results: Net profit up 27% at Rs 934 crore, revenue up 9%

Nestle India on Thursday reported a net profit of Rs 934.17 crore for the quarter ending on March 31 in financial year 2023-24 (Q4FY24).

This is a 26.8 per cent increase from Rs 736.64 crore reported during the same period last year (Q4FY23).

Total income for the fast-moving consumer goods (FMCG) company went up 8.84 per cent to Rs 5,294.34 crore for Q4, compared to Rs 4,864.22 crore reported during the same period last year.

Meanwhile, total expenses for the Indian arm of the Swiss food giant increased 4.65 per cent to 4,053.84 crore, compared to Rs 3,873.76 crore reported in the year-ago period.

Earnings before interest, taxes, depreciation and amortisation (Ebitda) went up 21.8 per cent to Rs 1,337 crore from Rs 1,098 crore.

Ebitda margin improved by 270 basis points (bps) to 25.4 per cent from 22.7 per cent last year.

Sequentially, net profit was up 42.5 per cent from 655.61 crore reported in Q3.

Total income rose 14.3 per cent from Rs 4,630.72 crore in the last quarter, while total expenses rose 11.5 per cent from Rs 3,636.94 crore in Q3.

For the entire 15-month financial period that ended on March 31, 2024, the company reported a net profit of Rs 3,932.84 crore.

This was a 64.5 per cent surge compared to Rs 2,390.52 crore reported at the end of a 12-month financial year that ended on December 31, 2022.