Nestle India reports net profit of Rs. 698.34 crores in Q2 CY2023

Nestle India Limited has reported Standalone financial results for the period ended June 30, 2023.

Financial Results (Q2 CY2023) - QoQ Comparison

The company has reported total income of Rs. 4682.48 crores during the period ended June 30, 2023 as compared to Rs. 4864.22 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 698.34 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 736.64 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 72.43 for the period ended June 30, 2023 as compared to Rs. 76.40 for the period ended March 31, 2023.

Financials	Q2 CY2023	Q1 CY2023	% Change
Total Income	₹ 4682.48 crs	₹4864.22 crs	-3.74%
Net Profit	₹698.34 crs	₹736.64 crs	-5.20%
EPS	₹72.43	₹76.40	-5.20%

Financial Results (Q2 CY2023) - YoY Comparison

The company has reported total income of Rs. 4682.48 crores during the period ended June 30, 2023 as compared to Rs.4065.06 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.698.34 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.510.24 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.72.43 for the period ended June 30, 2023 as compared to Rs.52.92 for the period ended June 30, 2022.

Financials	Q2 CY2023	Q2 CY2022	% Change
Total Income	₹ 4682.48 crs	₹4065.06 crs	15.19%
Net Profit	₹698.34 crs	₹510.24 crs	36.87%
EPS	₹72.43	₹52.92	36.87%

Financial Results (Half Year Ended CY2023) - YoY Comparison

The company has reported total income of Rs.9546.70 crores during the 6 Months period ended June 30, 2023 as compared to Rs.8079.14 crores during the 6 Months period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.1434.98 crores for the 6 Months period ended June 30, 2023 as against net profit / (loss) of Rs.1101.01 crores for the 6 Months period ended June 30, 2022.

The company has reported EPS of Rs.148.83 for the 6 Months period ended June 30, 2023 as compared to Rs.114.19 for the 6 Months period ended June 30, 2022.

Financials	Half Year Ended CY2023	Half Year Ended CY2022	% Change
Total Income	₹9546.70 crs	₹8079.14 crs	18.16%
Net Profit	₹1434.98 crs	₹1101.01 crs	30.33%
EPS	₹148.83	₹114.19	30.34%

Shares of Nestle India Limited was last trading in BSE at Rs. 22329.40 as compared to the previous close of Rs. 22804.45. The total number of shares traded during the day was 4639 in over 2004 trades.

The stock hit an intraday high of Rs. 22899.00 and intraday low of 22081.75. The net turnover during the day was Rs. 103959967.00.

Source : Equity Bulls

Keywords

NestleIndia Q2CY23 H1CY23 ResultUpdate