Nestle India Reports 6.9% Profit Growth for June 2024 Quarter

Certainly! Here’s the revised text: FMCG major Nestle India Ltd reported a 6.9% increase in net profit, reaching Rs 746.60 crore for the quarter ending June 2024.

This is up from the Rs 698.34 crore net profit posted in the same period a year ago. Nestle India’s revenue from product sales saw a 3.75% increase, reaching Rs 4,792.97 crore in the June quarter as compared to Rs 4,619.50 crore in the previous year.

Total expenses for the June quarter increased by 2.7% to Rs 3,844.01 crore. Domestic sales surged by 4.24% to Rs 4,608.50 crore while exports declined by 7.17% to Rs 184.47 crore. Nestle India’s revenue from operations, including other operating revenue, stood at Rs 4,813.95 crore,

marking a 3.33% increase from the previous June quarter. Overall, the total income of Nestle India rose by 3.64% to Rs 4,853.07 crore. As of Thursday, shares of Nestle India were trading at Rs 2,498.25 apiece on the BSE, reflecting a 1.79% decrease from the previous close.