Nestle India Profit Up 7% in Q1 FY24: Revenue, Sales Rise

New Delhi, Jul 25 (PTI) FMCG major Nestle India Ltd on Thursday reported an increase of 6.9 per cent in its net profit at Rs 746.60 crore for the quarter that ended June 2024.

The company had posted a net profit of Rs 698.34 crore in the April-June same period a year ago, according to a regulatory filing from Nestle India.

Nestle India's revenue from the sale of products was up 3.75 per cent to Rs 4,792.97 crore in the June quarter. It was at Rs 4,619.50 crore in the corresponding period last fiscal.

Its total expenses in the June quarter were up 2.7 per cent to Rs 3,844.01 crore.

Nestle India's domestic sales were up 4.24 per cent to Rs 4,608.50 crore in the June quarter, as against Rs 4,420.77 crore in the corresponding period last year.

However, its exports were down 7.17 per cent to Rs 184.47 crore.

Nestle India's Revenue from operations, which includes other Operating Revenue, was at Rs 4,813.95 crore, up 3.33 per cent. It was at 4,658.53 crore in the previous June quarter.

Its total income was up 3.64 per cent to Rs 4,853.07 crore.

Shares of Nestle India on Thursday were trading at Rs 2,498.25 apiece in afternoon trade on BSE, down 1.79 per cent from its previous close.