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Nestle India Q3 Results | Profit rises 5% YoY to Rs 617 crore, revenue comes in at Rs 3,883 crore

EBITDA margins at 25.3 percent declined marginally by 60 bps on a YOY basis and were flat on a sequential basis. The company was able to mitigate the rise in commodity prices, especially edible oils and packaging materials with better realisations.

October 19, 2021 / 06:51 PM IST
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.

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.

 
 
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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.