Nestle India Ltd Q4 profit rises 14.6pc

The company, which follows January-December financial year, had posted a profit of Rs 525.43 crore in the same period a year ago.

New Delhi: FMCG major Nestle India Ltd on Tuesday reported a 14.62 percent rise in its net profit to Rs 602.25 crore for the quarter ended in March 2021 driven by an increase in sales volume of its key products. The company, which follows January-December financial year, had posted a profit of Rs 525.43 crore in the same period a year ago.

Its net sales were up 8.9 percent to Rs 3,600.20 crore during the period under review as against Rs 3,305.78 crore in the corresponding period last fiscal, the company said in a BSE filing. According to the company, “Growth broad-based and largely driven by volume and mix” as “key products boosted by in-home consumption and posted double-digit growth”.

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Though demand in the ‘Out of Home’ channel further improved in the quarter but continues to be impacted by Covid. Nestle India’s domestic sales were up 10.17 percent to Rs 3,442.03 crore as against Rs 3,124.23 crore of the January-March of 2020. While export sales were down 12.9 percent to Rs 158.17 crore as against Rs 181.55 crore of the corresponding quarter.

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