desk
Share
NESTLE INDIA has announced its quarterly results. The company's profit has increased on an annual basis. As compared to the July-September quarter of the financial year 2023-24, the profit has increased from Rs 908 crore to Rs 986 crore in the July-September quarter of the financial year 2024-25.
The stock has fallen 4 percent in a week, 10 percent from January to October. The stock has slipped 2 percent after the quarterly results. The stock has fallen below Rs 2400.
Experts say that the company's commentary is very tension-increasing. The company said that the increase in commodity prices has affected the growth. Apart from this, consumer demand has also decreased. The effect of this is visible on the company's stock. NESTLE INDIA quarterly results released - Profit has increased from Rs 908 crore to Rs 986 crore. The market had expected the profit to fall to Rs 877 crore. Haldiram - Big companies of the world want to buy Haldiram's business, but now the big news has come that the company's income has increased. As compared to the July-September quarter of the financial year 2023-24, the income in the July-September quarter of the financial year 2024-25 has increased from Rs 5,037 crore to Rs 5,104 crore. The market had expected the revenue to increase to Rs 5,357 crore. EBITDA i.e. operating profit has come down from Rs 1,225 crore to Rs 1,168 crore. EBITDA margin has come down from 24.3% to 22.9%. There has been a one-time income of Rs 291 crore in Q2. What does Nestle India Limited do - Nestle India Limited is a subsidiary of the world's largest FMCG company Nestle. It is a Swiss MNC company. Nestle India is headquartered in Gurgaon, Haryana. The company's products include food, beverages, chocolate and confectionery.
Read More: New IPO: Preparing for a big IPO, Amagi Media Labs filed draft papers with SEBI
--Advertisement--
