Investor sentiment improved as both total and domestic sales registered double-digit growth of 10.9% and 10.8%, respectively, marking a rebound after several quarters of single-digit growth. The company reported a 23.6% year-on-year decline in standalone profit after tax (PAT) to Rs 753.2 crore, even as revenue from operations increased 10.6% YoY to Rs 5,643.61 crore, compared to Rs 5,104 crore in the same quarter last year.
On a consolidated basis, PAT fell 17.4% to Rs 743.17 crore from Rs 899.49 crore in Q2 FY25.
Total sales reached Rs 5,630.2 crore, reflecting a 10.9% YoY growth, with domestic sales up 10.8%, underscoring steady demand in the home market. The company attributed this growth to strong volumes, with domestic sales of Rs 5,411 crore marking the highest ever in any quarter.
The export segment recorded high double-digit growth, supported by strong demand across product groups. MAGGI Noodles and its variants continued to perform well globally. The company expanded its portfolio by extending NESCAFÉ Bulk into the Middle East and launching NESCAFÉ Sunrise in the United Arab Emirates, Saudi Arabia, Singapore, and New Zealand.
Additionally, the KITKAT range was introduced in Singapore, and MILKMAID Doypack was launched in Sri Lanka.The FMCG major also noted that the recent amendments to Goods and Services Tax (GST) rates announced by the Government of India are a positive step for consumers, expected to stimulate consumption, enhance affordability, and contribute to the overall growth of the FMCG sector and the economy.“We have been working closely with our partners, distributors, wholesalers, and retailers to pass on the benefits of the revised GST rates across our product groups to our consumers,” the company said in a press release.
At around 12:20 pm, shares of the company were trading at Rs 1,254, up 3% from the last close on the NSE. The Nestlé India stock is up 15.5% on a year-to-date basis.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
as a Reliable and Trusted News Source
-1024x683.jpg "Florida Roads Become a Battleground for Illegal Immigration")
