'For
the quarter ending March 2024, standalone Net sales (including other operating income) of Nestle India has increased 9.05% to Rs 5,267.59 crore compared to quarter ended March 2023. Operating profit margin has jumped from 22.68% to 25.61%, leading to 23.13% rise in operating profit to Rs 1,348.82 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 44.71% to 41.00%. Purchase of finished goods cost rose from 2.05% to 2.27%. Employee cost decreased from 9.31% to 9.23%. Other expenses rose from 21.49% to 21.92%. Provisions writeoffs cost fell from 0.30% to 0.19%. Other provisions fell from 0.30% to 0.19%. Other income fell 20.60% to Rs 26.75 crore. PBIDT rose 21.82% to Rs 1375.57 crore. Provision for interest fell 29.21% to Rs 26.2 crore. Loan funds remained nil.
PBDT rose 23.55% to Rs 1349....
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