Nestle India Q2 Results | Profit rises to Rs 617 crore, revenue grows to Rs 3,883 crore

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Nestle India, #Results

Nestle has reached out to consumers through its advertisements in newspapers and asked them to reach out directly and raise their concerns about its products.

FMCG giant Nestle India reported profit after tax of Rs 617 crore for the quarter ended September 2021 as compared to Rs 538.6 crore in the previous quarter.

Revenue came in higher at Rs 3,883 crore versus Rs 3,476.7 crore in the June 2021 quarter.

Revenues have grown on the back of increased volume growth, improved demand for ready-to-eat food products and milk based products and also the price hikes implemented by the company in this quarter. Gross and EBITDA margins are subdued because of inflationary pressure on the input prices.

The stock closed at Rs. 19,438.45 on Monday, up Rs.113 from its previous day’s close. It has generated returns of 26% over the past 1 year, 5.7% in this financial year, 10.1% during the last 3 months and -3.7% in the past one month.

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