Nestle India Q3 Results: Net profit rises 8%; highest sales growth in 5 years - key highlights

Nestle India Q3 Results: FMCG major Nestle India on Wednesday said that its September quarter profit increased 8.3 per cent YoY to Rs 668 crore, beating the estimates. The quarterly revenue increased 18.3 per cent YoY to Rs 4,591 crore, according to an exchange filing by the company.

The company recorded total sales of Rs 4,567 crore in Q3 of the current fiscal -- highest sales growth during a quarter in the last five years, according to the company. The total sales growth stood at 18.2 per cent. The company's domestic sales grew at 18.3 per cent in the quarter.

Suresh Narayanan, chairman and MD, Nestle India, said that the company has witnessed the highest sales growth during a quarter in the last five years.

"This achievement has been on continued strong volume and mix evolution with broad based double-digit growth across all categories. Growth has been very strong in the large metros and mega cities and continued to be robust across smaller town classes including rural markets," he said.

Financial Highlights Q3 2022:
Total Sales of INR 4,567 Crore

Total Sales Growth at 18.2%. Domestic Sales Growth at 18.3%.

Profit from Operations at 20.3% of Sales

Net Profit of Rs 668 Crore

Earnings Per Share of Rs 69.3

Nestle Dividend 2022
Meanwhile, the company has declared second interim dividend for 2022 of Rs 120 per equity share (face value Rs 10 per equity share) amounting to Rs 1157 crore, which will be paid on and from November 16.

This is in addition to the first interim dividend of Rs 25.00 per equity share paid on May 6.

At 11:55 AM, Nestle India share price was up by around 1.50 per cent at Rs 19669 apiece on NSE.