HomeBusinessNestle profit rises 14.6% to Rs 602.25 crore in January-March quarter, sales...

Nestle profit rises 14.6% to Rs 602.25 crore in January-March quarter, sales up 8.9% to Rs 3,600 crore

@the_news_21

FMCG major Nestle India Ltd on Tuesday reported a 14.62 per cent rise in its net profit to Rs 602.25 crore for the quarter ended in March 2021 driven by 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 per cent 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”.

Though demand in ‘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 per cent 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 per cent to Rs 158.17 crore as against Rs 181.55 crore of the corresponding quarter.

“Domestic Sales increased by 10.2 per cent driven by volume & mix and is broad based. Export Sales were lower by 12.9 per cent due to lower exports to affiliates,” said Nestle India in a post earning statement.

Nestle India has witnessed 66 per cent growth in sales from the e-commerce channel, which contributed 3.8 per cent of domestic sales.

“Noteworthy has been e-commerce which continued to deliver strong performance and grew by 66 per cent to maintain its robust contribution to our domestic sales,” it said.

In the January-March quarter, Nestle’s total expenses were up 6.16 per cent to Rs 2,828.61 crore as against Rs 2,664.27 crore of the corresponding period.

Commenting on the results, Nestlé India Chairman and Managing Director Suresh Narayanan said, “As the pandemic rages on, the quarter gone by has been another test of resilience of my team and our partners. I feel incredibly privileged to lead a team who faced with serious challenges, persevered regardless, to deliver double digit growth over a strong comparable in 2020.” Meanwhile, the company also raised its concerns over the inflationary pressures on the key raw material inputs.

“While the Nestlé India family has learnt to cope with the operating volatility in the pandemic, recent sharp escalations in key raw material prices poses challenges that we will resolutely respond to, while maintaining the integrity of our business model,” it said.

Meanwhile, in a separate filing, Nestle India informed its board in a meeting held on Tuesday have declared an interim dividend of Rs 25 per equity share (Face value Rs 10 per equity share) amounting to Rs 241 crore for 2021.

Shares of Nestle India Ltd on Tuesday settled at Rs 17,086.25 on BSE, down 0.02 per cent from the previous close.

37 COMMENTS

  1. Verde Casino ist eine der besten Anlaufstellen für Fans von Online-Glücksspielen. Sie haben ausreichend Zeit, um den Bonus zu genießen, da es keine einschränkenden Umsatzanforderungen gibt, sodass Sie mit Vertrauen spielen können. Und für ein wirklich immersives Erlebnis gehen Sie in unser Live-Casino, wo Sie zusammen mit echten Dealern in Spielen wie Live Baccarat und Lightning Roulette spielen können! Tauchen Sie ein in die Welt der Spielautomaten mit aufregenden Titeln wie “Book of Dead” und “Mega Joker” oder versuchen Sie Ihr Glück bei klassischen Tischspielen wie Blackjack und Roulette. Und wenn Sie unterwegs sind, keine Sorge – unsere mobil-optimierte Plattform ermöglicht es Ihnen, überall und jederzeit zu spielen.
    Diese Programme bieten Spielern besondere Vorteile, die von ihrer Aktivität abhängen. Im Verde Casino können regelmäßige Spieler durch unseren VIP Club und das Treueprogramm Belohnungen erhalten. VerdeCasino bietet über 5.000 Spiele von mehr als 120 Anbietern (z. B. Evolution, Pragmatic Play) sowie Sportwetten und eSports. Die Plattform bietet eine Reihe von Vorteilen für lokale Spieler in Deutschland.
    Verde Casino ermutigt Spieler, das Glücksspiel sicher und spaßig zu halten. Verantwortungsbewusstes Glücksspiel hilft Spielern, das Spielen sicher und unterhaltsam zu gestalten. Höhere Stufen bieten bessere Belohnungen wie höhere Umtauschkurse für Punkte, größere Boni, Cashback und Geburtstagsbelohnungen. Für jedes ausgegebene €10 (außer bei Live-Casino-Spielen) erhalten Spieler 1 Punkt. VIP-Mitglieder erhalten einen persönlichen Assistenten, exklusive Spiele, VIP-Turniere und mehr. Der VIP Club im Verde Casino bietet zusätzlichen Lohn für Spieler mit hohem Einsatz.

    References:
    https://online-spielhallen.de/sol-casino-erfahrungen-mein-umfassender-bericht-aus-10-jahren-spielpraxis/

  2. During each review, our team examines more than 200 data points which are then used to create an objective evaluation of the casino’s quality and security. We create a base Safety Index by looking at the size of the casino and the complaints it has received. At Casino Guru, we’ve developed a Safety Index that we use to accurately rate the trustworthiness of each casino we review. The bonus funds you receive will come with terms and conditions, such as wagering requirements, maximum bet limits, and win caps. With so many options available, finding your ideal Indian casino can be a tough task. We were also impressed by the quality of the gaming options found at BETANDYOU Casino.
    Are you searching for trustworthy online casinos for real money, where you can play and potentially cash out big? In the USA, the two most popular https://blackcoin.co/online-gambling-for-newbies-main-types-of-online-casinos/ are sweepstakes casinos and real money sites. The top online casino sites offer a variety of games, generous bonuses, and secure platforms.
    In 2025, certain online casino sites distinguish themselves with remarkable offerings and player experiences. We review the mobile experience, mobile bonuses, and features of online casino sites, whether on the web or mobile apps. Having tested both options during our reviews of the top Indian online casinos, our experts agree that the mobile app is the best way to enjoy your favorite games while on the go. These offers allow you to play real money slot games without risking the money you’ve deposited. If you’re not ready to commit to joining any of our recommended online casinos, you can still enjoy your favorite games right here at Casino Guru! The Czech Gambling Act of 2017 has opened up the online casino market, which now has a number of legal and regulated online casinos for Czech players to choose from.

  3. Casinotutor.com or our recommended casinos adhere to the standards set by these leading authorities December brings the magic of Christmas to crypto casinos, where Christmas casino promotions shine bright with free spins and festive tournaments. There they promote their casino, games and tournaments or other special events. Points are earned by playing slots and betting real money. With each new level, you get more benefits such as bonuses, cashback and free spins. There could be more weekly promotions for returning players, but at least there are some!
    Slotoro features an integrated sportsbook alongside its casino, so you can place sports bets and play casino games from the same account. This review takes a practical look at how Vega.Bet Casino performs in real use – covering bonuses, wagering terms, payments, game quality, mobile play, and overall reliability – so you can decide whether it suits your style or if the trade-offs aren’t worth it. The casino operates under an Anjouan licence and focuses heavily on instant crypto banking, frequent promotions, and loyalty rewards aimed at active players. Launched as a crypto-friendly platform, it combines a very low minimum deposit, no-KYC withdrawals for most players, and a massive slot-heavy game library. Yes, Vega.Bet gives new players 100 free spins with no deposit needed, plus a multi-tiered welcome package across the first five deposits. Start your journey at Vega.Bet with an exciting Welcome package offering up to $5000 in bonuses on your first four deposits.
    Banking at Rocket Play demonstrates how a modern casino should handle payments—quick crypto processing paired with generous withdrawal limits. The casino falls short in customer service, with very limited ways to get help when you need it. With a good overall score of 68, this casino shines in game selection and banking options. These offers aren’t terrible, but they’re not particularly generous either – they’re just average deals with terms that favor the house.

    References:
    https://blackcoin.co/malina-casino-australia-your-ultimate-gaming-destination/

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

spot_img