FMCG major Nestle India Ltd on April 24 reported 5% decline in standalone net profit at Rs 885 crore for the quarter ended March 31, 2025, thus beating estimates. It reported standalone net profit of Rs 934 crore in the year-ago period.
The firm's revenue rose 4% to Rs 5,504 crore in Q4FY25 as against Rs 5,268 crore in Q4FY24, thus meeting estimates.
Commodity prices continue to be firm for coffee. Cocoa prices have corrected but continue to be high. Prices continue to remain stable for edible oils. Milk prices have cyclically firmed up with the onset of summers, said the company.
According to a Moneycontrol poll of 11 brokerages, Nestle India is likely to report a 4.4 percent year-on-year rise in revenue at Rs 5,500 crore compared to Rs 5,268 crore reported in the same quarter last year.
Net profit for the January to March period is likely to fall nearly six percent to Rs 870 crore as against Rs 924 reported in the March quarter of the previous financial year.
Suresh Narayanan, Chairman and Managing Director of Nestlé India said: “I am pleased to report that this quarter we witnessed double-digit growth in Beverages and Confectionery, with 3 out of 4 product groups delivering healthy growth. Our domestic sales crossed Rs 5,235 crore mark, the highest ever in any quarter supported by improving volume growth.
"During the financial year ended 31st March 2025, Powdered and Liquid Beverages was the largest growth contributor, with high double-digit growth. NESCAFÉ strengthened its leadership position by gaining market share and bringing more than 5.1 million households into the coffee category. NESCAFÉ Ready-to-Drink cold coffee range, one of the fastest growing segments globally, expanded its new range to India this year.
"Confectionery grew at a high single-digit pace both in value and volume driven by KITKAT. India is the second largest market for the brand globally. Prepared Dishes and Cooking Aids posted mid-single-digit growth with MAGGI returning to volume growth and MAGGI Masala-Ae-Magic consistently demonstrating good growth. India continued to be the largest market worldwide for MAGGI."
The firm declared dividend of Rs 10 per share. July 4 has been fixed as record date for the purpose of determining entitlement of the members to the final dividend for the financial year 2024-25 and, if approved by the members at the ensuing 66th AGM, it shall be paid July 24, said the firm in a stock exchange filing.
At 12:04 pm on April 24, Nestle India shares on BSE were trading 1.5% lower at Rs 2,396 apiece.
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