InvestorQ : What is your quick take on the Nestle results for Q4?
Ria Jain made post

What is your quick take on the Nestle results for Q4?

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Dia Deshpande answered.
8 months ago
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Nestle India reported 14.6% growth in net profit to Rs.602.50 crore in the Mar-21 quarter o on the strength of double-digit growth in domestic sales. Nestle also got a support from lower material costs, although that trend may be changing to some extent in the last month. Net sales revenues for the quarter were up 8.9% at Rs.3,610 crore, helped largely by India sales.

In fact, domestic sales were up 10.2% even as exports fell 13% due to weak global demand and logistic constraints. In the quarter, Nestle made a 66% leap in digital sales, which now constitutes close to 3.8% of its total revenues. However, the CEO of Nestle has sounded a word of caution and warned that raw material cost could be a major headwind in the next few quarters and had the potential to hit profits.

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