Nestle India Q1 Results Revenue ₹4,813.95 Crore & Net Income ₹746.60 Crore

Nestle India Q1 Results: The table shows the financial results of Nestle India for the first quarter of June 2024, comparing them with the previous quarter (December 2023) and the same quarter last year (June 2023). The total revenue for June 2024 was ₹4,813.95 crores, which is a slight increase of 3.34% compared to June 2023 but a decrease of 8.61% from December 2023. This means the company's income grew slightly from last year but dropped from the previous quarter.

Nestle India’s Selling, general, and administrative expenses were ₹523.93 crores, a significant rise of 12.74% from last year and 6.72% from the previous quarter, indicating higher costs in running the business. Depreciation and amortization, which represent the reduction in value of the company's assets, also increased slightly.

Nestle India’s operating expenses overall were ₹3,812.33 crores, showing a small increase from last year but a decrease from the previous quarter. Operating income, or the profit made from regular business activities, was ₹1,001.62 crores, which was higher than last year but lower than the previous quarter.

Net income before taxes and net income both followed a similar pattern, being higher than last year but lower than the previous quarter. Finally, the earnings per share (EPS) grew from last year but dropped significantly from the previous quarter.

Here are the Nestlé India Q1 Results for June 2024 in table format:

Source: Here 

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Nestle India Q1 Results

Nestle India's financial performance shows over several periods, comparing their income, expenses, and profits. For the quarter ending June 30, 2024, Nestlé India had domestic sales of ₹46,085 million and export sales of ₹1,844.7 million, making their total revenue from operations ₹48,139.5 million. This is slightly less than the previous quarter but more than the same quarter last year. Their total income, including other sources like interest, was ₹48,530.7 million.

Nestlé India's expenses for this quarter were ₹38,440.1 million, which includes costs like materials, employee salaries, and other operational costs. This is lower than the previous quarter but similar to the same period last year. The company made a profit before tax of ₹10,090.6 million, which is less than the previous quarter but higher than last year. After taxes, the profit for the period was ₹7,466 million.

Other comprehensive income, which includes adjustments for things like changes in benefit plans, was ₹11 million, leading to a total comprehensive income of ₹7,477 million. Nestlé India's total equity increased to ₹40,885.9 million. The earnings per share for this quarter were ₹7.74, down from the previous quarter but up from the same period last year.

Nestle India Stock Metrics

Nestle India shows important financial details for. The Nestle India’s market value is ₹2,43,898 Crores, meaning that's how much all its shares are worth combined. The current share price is ₹2,530. The highest price the shares have reached is ₹2,771, while the lowest is ₹2,163. The Price-to-Earnings (P/E) ratio is 75.3, which helps to understand if the stock is expensive compared to its earnings. 

Here's the financial data in table format:

Quarterly Results 

For Nestlé India, the financial data for December 2023, March 2024, and June 2024 shows some key trends. In December 2023, the company had sales of Rs. 4,600 crores and a net profit of Rs. 656 crores, with a profit before tax of Rs. 886 crores. By March 2024, sales increased to Rs. 5,268 crores, and the net profit grew to Rs. 934 crores, showing strong performance. 

Here's the quarterly financial data for Dec 2023, Mar 2024, and Jun 2024:

(Figures in Rs. Crores)

About Nestle India 

Nestle India has a long history in the country, starting in 1912 when it first traded as The Nestle Anglo-Swiss Condensed Milk Company (Export). After India gained independence in 1947, the Indian government wanted more local production. Nestle responded by setting up a company in India and opened its first factory in Moga, Punjab, in 1961. 

Nestle India has worked to improve the local dairy industry by introducing Agricultural Services to help farmers with better dairy practices, irrigation, and crop management. Nestle also set up milk collection centers to ensure fair prices and build trust in the dairy business. Their efforts helped transform Moga into a successful milk-producing area and boosted local industry.

Over the years, Nestlé India has provided jobs and livelihoods to about one million people, including farmers and suppliers. The company offers a range of products under famous brands like NESCAFÉ, MAGGI, MILKYBAR, KIT KAT, and NESTEA, along with daily products like NESTLÉ Milk and NESTLÉ Dahi. Nestlé India focuses on understanding changing lifestyles and consumer needs to offer tasty, nutritious, and affordable food. They are committed to improving life quality in the communities where they work.