FMCG giant Nestle India on October 19 reported a profit after tax (PAT) of Rs 617 crore for the quarter ended September 2021 (Q3FY22), a growth of 15 percent from Rs 538.6 crore reported in the previous quarter. Profit grew by 5 percent on a year-on-year (YOY) basis from Rs 587.1 crore.
It must be noted that Nestle India follows a January to December financial year.
Revenues came in higher by 12 percent at Rs 3,882.6 crore for the quarter, compared to Rs 3,476.7 crore in June 2021 quarter. On a YOY basis, the numbers grew by 10 percent from Rs 3,541 crore.
Growth in revenue came mainly from broad-based domestic sales growth which increased by 10.1 percent and was largely driven by volume and mix. Exports witnessed a marginal growth of 1.3 percent.