'For
the quarter ending Dec 2023, standalone Net sales (including other operating income) of Nestle India has increased 8.07% to Rs 4,600.42 crore compared to quarter ended Dec 2022. Operating profit margin has jumped from 22.86% to 23.80%, leading to 12.55% rise in operating profit to Rs 1,095.12 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 45.22% to 41.36%. Purchase of finished goods cost rose from 2.14% to 2.25%. Employee cost decreased from 9.17% to 8.79%. Other expenses rose from 21.54% to 24.69%. Provisions writeoffs cost rose from 0.09% to 0.37%. Other provisions rose from 0.09% to 0.37%. Other income up 2.54% to Rs 30.3 crore. PBIDT rose 12.25% to Rs 1125.42 crore. Provision for interest fell 48.81% to Rs 22.95 crore. Loan funds rose to Rs 341.50 crore as of 31 December 2023 from Rs 270.52 cror...
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