Nestle India Q4 Results: Nestle India's net profit has increased by 27 percent in the March quarter of financial year 2024. The company gave this information while announcing the March quarter results on Thursday, April 25. The company said that its net profit increased to Rs 934 crore in the March quarter, which was Rs 737 crore in the same quarter a year ago. This profit of Nestle India is more than the market expectations. In a poll conducted by Moneycontrol among 7 analysts, the company's profit was estimated to be Rs 856 crore.

This giant company in the FMCG sector currently has to face an investigation from the Food Safety and Standards Authority of India regarding the high amount of sugar in its children's food.

Nestle India's income has increased by 9 percent to Rs 5268 crore in the March quarter, compared to Rs 4831 crore in the same quarter a year ago. Let us tell you that Nestle India is the Indian unit of Switzerland's leading food company Nestle.

The company has said that it has achieved many achievements during its financial year 2024. Due to the huge success of KitKat, India has now become the second-largest market globally in the confectionery segment. Whereas in the case of Magina, India has become its biggest market. The beverage business continues to grow from strength to strength and its NESCAFE brand has reached nearly 3 crore Indian homes in the last 7 years.

Announcement of a dividend of Rs 8.5 per share

Along with this, the company has also announced to give a dividend of Rs 8.5 per share to the investors for the financial year 2024. The company has said that the dividend decision still needs to be approved by the shareholders.

"Nespresso" will launch by the end of 2024

Nestle says that 'Nespresso' is to be launched in India by the end of this year. The company will sell and distribute 'Nespresso' products through both offline and online channels.

Around 3.30 pm on NSE, Nestle India shares were trading at Rs 2,562.00, up 2.47 percent. Since the beginning of the year 2024 till now, the company's shares have declined by 6.81 percent. When its share price has increased by 23 percent in the last one year.