Nestle India Q1 net profit falls on higher costs
Packaged foods maker Nestlé India Ltd's consolidated net profit fell 13.4 per cent year-on-year in the quarter ended June 30 as higher raw material and finance costs dented earnings despite robust growth in key categories. The fast moving consumer goods (FMCG) company reported a net profit of Rs 646.6 crore on July 24, missing Street estimates, as against Rs 746.6 crore in the same quarter last year.
Revenue from operations for the fiscal first quarter expanded 5.9% on-year to Rs 5,096.2 crore, a stock exchange filing showed. According to a Moneycontrol poll of nine brokerages, Nestle India's Q1 net profit was pegged at Rs 751 crore.
On a standalone basis, net profit fell 11 per cent to Rs 659.2 crore in the quarter ended June 30. Meanwhile, domestic sales rose 5.5 per cent to Rs 4,860 crore and export sales jumped 15 per cent to Rs 213.95 crore.The FMCG major's board approved appointment of Manish Tiwary as the Chairman and Managing Director, effective 1 August 2025. Current CMD Suresh Narayanan will relinquish his office as Chairman and Managing Director upon his retirement on 31 July 2025, said Nestle. The appointment comes as most consumer goods companies are rejiging the leadership amid tepid growth and investor pressure to perform.
Nestle India share price fell, and was trading down 5% at 2,325.6 on NSE after the results announcement, thus emerging as top loser on Nifty 50.Source : DAirynews7x7 July 25th 2025 Money control