Maggi maker Nestle India’s profit in the first quarter of FY 2024-25 has increased by 7% year-on-year (YoY) to Rs 746 crore. In the same quarter a year ago (Q1FY24), the company had a profit of Rs 698 crore.
After the result, Nestle’s stock closed down 2.50% at Rs 2,477. In the last one year, the stock has risen only 8.81%. Today (July 25), the company has released the results for the first quarter (April-June) of FY 2024-25.
Revenue increased by 3.33% to Rs 4,813.95 crore
Revenue from operations of Nestle India increased by 3.33% on an annual basis. The revenue from operations in the first quarter of FY25 stood at Rs 4,813.95 crore. The revenue in the first quarter of FY24 was ₹4,658.53 crore in the same quarter a year ago.
Nestle: The company’s total income increased by 3.65%
In the first quarter, the company’s total income grew by 3.65% on an annual basis (YoY) to Rs 4,853 crore, as against Rs 4,682 crore in the same quarter last year. On the other hand, the company’s total income has decreased by 8.33% on a quarterly basis.
Nestle India was formed in 1959
Nestlé India Limited is the Indian subsidiary of multinational company Nestlé. Its headquarters is in Gurgaon, Haryana. The company manufactures products like food, beverages, chocolate and confectionery.
Nestlé India was formed on 28 March 1959. Parent company Nestlé has more than 60% stake in Nestlé India. Nestle India has 9 production facilities across the country.
