Nestle India Q1 Profit Jumps 48%, Shares Rise 3%

New Delhi, Jul 22 (PTI) Shares of FMCG major Nestle India ended nearly 3 per cent higher on Wednesday after the firm reported a 48.26 per cent rise in consolidated net profit in the June quarter.

The stock ended 2.70 per cent higher at Rs 1,492.20 on the BSE. During the day, it jumped 3.90 per cent to Rs 1,509.75 -- the 52-week high.

At the NSE, the stock climbed 2.87 per cent to end at Rs 1,493.60.

Nestle India on Wednesday reported a 48.26 per cent year-on-year rise in consolidated net profit to Rs 958.68 crore in the June quarter of this financial year, supported by strong volume growth.


The company had posted a consolidated net profit of Rs 646.59 crore in the corresponding period last fiscal year, Nestle India said in a regulatory filing.

Nestle India's revenue from sale of products was up 25.4 per cent at Rs 6,363.27 crore in the June quarter of FY27. This was at Rs 5,073.96 crore in the corresponding period a year ago.

"We delivered a strong quarter with sales growth of 25.4 per cent led by volume growth. Sales stood at Rs 6,363.3 crore, powered by continued consumer trust in our brands and a strong focus on execution. Exports delivered 35.6 per cent growth, despite ongoing geopolitical headwinds," Chairman and MD Manish Tiwary said.

Nestle India's total income in the first quarter of FY27 stood at Rs 6,400.65 crore, up 25.5 per cent as against Rs 5,100.33 crore in the year-ago period.