18-October-2024
Corporate News
 
Nestle India Q2 results: Net profit decreases marginally to Rs 899 crore
17-Oct-2024

estle India's net profit for Q2 FY25 on October 17 stood at Rs 899 crore, falling marginally from Rs 908 crore for the corresponding quarter of the previous year. Revenue from operations for Q2FY25 was Rs 5,104 crore as compared to Rs 5,037 crore a year ago, a rise of 1.3 percent. Commenting on the results, Suresh Narayanan, Chairman and Managing Director of Nestlé India, said, “Despite a challenging external environment with muted consumer demand and high commodity prices especially for coffee and cocoa, we remained resilient in our pursuit to deliver growth. This quarter, 5 of our top 12 brands grew at double-digit. However, some key brands witnessed pressure due to softer consumer demand and we focus on them and have in place robust action plans. It is heartening to note that in the last 9 months, 65% of our top 12 brands including MAGGI noodles showed positive volume growth."

News Source:- https://www.moneycontrol.com/news/business/earnings/nestle-india-q2-results-net-profit-decreases-marginally-to-rs-899-crore-12843802.html