Nestle India logs 66% y-o-y growth in Q4 net profit ; stock jumps ~2%

16 Feb 2023 , 01:05 PM

Nestle India has announced its results for the fourth quarter ended December 2022.  The FMCG company has  posted a whopping 66% y-o-y growth in its PAT at Rs 628 crore. Company’s PAT during the quarter ended December 2021 stood at Rs 379 crore.

Company’s chosen financial year is January-December.

Further, the board of directors of the company announced a final dividend of Rs75 per equity share for the year 2022.

The company reported a 14% yoy growth in sales at Rs4,233 crore in Q4 2022, compared to Rs3,715 crore in the previous corresponding quarter. While revenue from operations also jumped 14% yoy to Rs4,257 crore.

The company reported an EBITDA of Rs 973 crore for the fourth quarter ended December, up 14% from Rs851 crore in the same quarter last year. Meanwhile, margins came in at 22.9%.

The company reported a net profit of Rs2,390 crore for the fiscal year 2022, while net sales were Rs16,970 crore. Domestic sales increased by 15% during the same time period.

Following this development, Nestle India was trading 2.12% higher at Rs19,669.70 per piece, against the previous close of Rs19,260.95 on NSE. The counter touched an intraday high of Rs19,749 so far in the day.

For feedback and suggestions, write to us at [e-mail]