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19-Oct-2023

Nestle India

OP up 21.99%, board approves stock split


'For the quarter ending Sept 2023, standalone Net sales (including other operating income) of Nestle India has increased 9.45% to Rs 5,036.82 crore compared to quarter ended Sept 2022. Operating profit margin has jumped from 21.82% to 24.32%, leading to 21.99% rise in operating profit to Rs 1,224.87 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 43.82% to 39.42%.   Purchase of finished goods cost rose from 1.79% to 2.09%.   Employee cost increased from 9.42% to 10.64%.   Other expenses rose from 22.44% to 22.67%.   Provisions writeoffs cost fell from 0.13% to 0.08%.   Other provisions fell from 0.13% to 0.08%.   

Other income up 8.58% to Rs 33.27 crore.  PBIDT rose 21.59% to Rs 1258.14 crore.  Provision for interest fell 15.62% to Rs 31.38 crore.  

PBDT rose 22.98% to Rs 1226.76 crore.  Provision for depre...



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