InvestorQ : How were the quarterly results of Nestle India for the Jun-21 quarter?
prachi Patwardhan made post

How were the quarterly results of Nestle India for the Jun-21 quarter?

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sara Kunju answered.
4 months ago
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Nestle India reported a double digit 10.7% growth in net profits at Rs.539 crore for the Jun-21 quarter, which is the second quarter for Nestle. Net sales were up 13.8% at Rs.3,463 crore with growth seen across domestic market sales and export market sales. Operating performance got impacted by the 24% spike in raw material costs in Q1 although the company did manage to partially offset the same with the help of price hikes.

EBITDA was up 10% in the Jun-21 quarter at Rs.840 crore while EBITDA margins contracted 88 bps largely on account of input cost pressures. Nestle raised prices on many marquee products including the popular Maggi noodles and some of its chocolate confectionaries. The company is currently in the midst of its Rs.2,600 crore investment plan to expand its manufacturing capacity and Nestle has already invested Rs.1,000 crore out of this.

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