Nestle India Ltd Q3CY21 PAT up at Rs. 617.37 crore

The Board of Directors of Nestle India Limited, at its meeting held today have approved the unaudited Standalone financial results of the company for the period ended September 30, 2021.

For the quarter ended September 30, 2021(Q3 CY2021), the company's total income was ₹ 3916.23 crore, against ₹3576.17 crore in the corresponding quarter of the previous year (YoY) and ₹3506.17 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q3 CY2021), the company's net profit / (loss) was ₹617.37 crore, against ₹587.09 crore in the corresponding quarter of the previous year (YoY) and ₹538.58 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q3 CY2021), the company's Earnings Per Share (EPS) was ₹64.04, against ₹60.89 in the corresponding quarter of the previous year (YoY) and ₹55.86 in previous quarter (QoQ).

Financials	Q3 CY2021	Q2 CY2021	QoQ % Change	Q3 CY2020	YoY % Change
Total Income	₹ 3916.23 crs	₹3506.17 crs	11.70%	₹3576.17 crs	9.51%
Net Profit	₹617.37 crs	₹538.58 crs	14.63%	₹587.09 crs	5.16 %
EPS	₹64.04	₹55.86	14.64%	₹60.89	5.17%

For the 9 Months period ended September 30, 2021(9 Months Ended CY 2021), the company's total income was ₹11062.87 crore, against ₹10032.70 crore in the previous year (YoY) (9 Months Ended CY 2020).

The net profit / (loss) was at ₹1758.20 crore for the 9 Months period ended September 30, 2021 (9 Months Ended CY 2021), compared to ₹1599.12 crore in the previous year (YoY) (9 Months Ended CY 2020).

The Earnings Per Share stood at ₹182.36 for the 9 Months period ended September 30, 2021 (9 Months Ended CY 2021), against ₹165.86 in the previous year (YoY) (9 Months Ended CY 2020).

Financials	9 Months Ended CY2021	9 Months Ended CY2020	% Change
Total Income	₹11062.87 crs	₹10032.70 crs	10.27%
Net Profit	₹1758.20 crs	₹1599.12 crs	9.95%
EPS	₹182.36	₹165.86	9.95%

Mr. Suresh Narayanan, Chairman and Managing Director, Nestlé India commented, "Nestlé with a 109 year history of serving consumers in India is proud to reach a milestone with our ninth factory, or 'Navaratna' as we call it, in Sanand. I am extremely proud of the fact that the Sanand factory was built, equipped and made worthy entirely in the pandemic period. It's a tribute to the dedication, ingenuity, commitment and tenacity of all my colleagues, our partners, vendors and stakeholders for whom 'impossible' was not a word in their dictionary.

With over 60% of the factory workforce being women, it isthe largest contingent of any such work force of the Company. This will rank amongst the highest proportion in the manufacturing sector in India. Equipped with a state-of-the-art biomass boiler, Sanand factory aspires to be a zero-carbon emission unit.

In addition, the factory is digitally, the most sophisticated one, enabling efficiency, being paperless and in tune with the youth who work there. In every sense the Sanand factory is a strong statement to the power of diversity, sustainability and digital sophistication. We hope this becomes an inspiration to other industries in a resonant theme of 'Atmanirbhar Bharat'.

This quarter has once again seen the Company deliver 'double-digit broad-based value growth' in domestic sales across categories. Organized trade witnessed a resurgence in the third quarter with strong revenue growth in mid-twenties after a muted second quarter which was impacted by the pandemic second wave. E-commerce channel showed strong acceleration on the back of convenience and pandemic driven consumer behaviour, fully leveraged by a team who used the power of meaningful shopper insights, data analytics, speed, flexibility, sharp communication and customisation for the channel at scale.

Nestlé India continued its path of robust and sustained double digit growth in not just the large metros, but also "small town Bharat'. This reinforces our belief in the power to unlock the potential of small towns with our relevant portfolio. We are firmly and resolutely on a journey to accelerate it further by using a healthy mix of a customized portfolio, enhanced distribution infrastructure and deployment of resources, localized communication, enhanced visibility and building consumer connect.

This sustainable growth is a testimony to the unwavering determination, commitment and resolute focus of our people and partners towards being a 'Force for Good'."

Shares of Nestle India Limited was last trading in BSE at Rs. 19377.50 as compared to the previous close of Rs. 19427.25. The total number of shares traded during the day was 2424 in over 1269 trades.

The stock hit an intraday high of Rs. 19733.50 and intraday low of 19285.40. The net turnover during the day was Rs. 47307187.00.

Source : Equity Bulls

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NestleIndia Q3CY21 9MCY21 ResultUpdate