Nestle India posts Q2 CY2024 net profit of Rs. 746.60 crores

has reported Standalone financial results for the period ended June 30, 2024.

Financial Results (Q2 CY2024) - QoQ Comparison

The company has reported total income of Rs. 4853.07 crores during the period ended June 30, 2024 as compared to Rs. 5294.34 crores during the period ended March 31, 2024.

The company has posted net profit / (loss) of Rs. 746.60 crores for the period ended June 30, 2024 as against net profit / (loss) of Rs. 934.17 crores for the period ended March 31, 2024.

The company has reported EPS of Rs. 7.74 for the period ended June 30, 2024 as compared to Rs. 9.69 for the period ended March 31, 2024.

Financials	Q2 CY2024	Q1 CY2024	% Change
Total Income	₹ 4853.07 crs	₹5294.34 crs	-8.33%
Net Profit	₹ 746.60 crs	₹934.17 crs	-20.08%
EPS	₹7.74	₹9.69	-20.12%

Financial Results (Q2 CY2024) - YoY Comparison

The company has reported total income of Rs. 4853.07 crores during the period ended June 30, 2024 as compared to Rs.4682.48 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 746.60 crores for the period ended June 30, 2024 as against net profit / (loss) of Rs.698.34 crores for the period ended June 30, 2023.

The company has reported EPS of Rs.7.74 for the period ended June 30, 2024 as compared to Rs.7.24 for the period ended June 30, 2023.

Financials	Q2 CY2024	Q2 CY2023	% Change
Total Income	₹ 4853.07 crs	₹4682.48 crs	3.64%
Net Profit	₹ 746.60 crs	₹698.34 crs	6.91%
EPS	₹7.74	₹7.24	6.91%

Financial Results (Half Year Ended CY2024) - YoY Comparison

The company has reported total income of Rs.9546.70 crores during the 6 Months period ended June 30, 2024 as compared to Rs.8079.14 crores during the 6 Months period ended June 30, 2023.

The company has posted net profit / (loss) of Rs.1434.98 crores for the 6 Months period ended June 30, 2024 as against net profit / (loss) of Rs.1101.01 crores for the 6 Months period ended June 30, 2023.

The company has reported EPS of Rs.14.88 for the 6 Months period ended June 30, 2024 as compared to Rs.11.419 for the 6 Months period ended June 30, 2023.

Financials	Half Year Ended CY2024	Half Year Ended CY2023	% Change
Total Income	₹9546.70 crs	₹8079.14 crs	18.16%
Net Profit	₹1434.98 crs	₹1101.01 crs	30.33%
EPS	₹14.88	₹11.419	30.31%

Source : Equity Bulls

Keywords

NestleIndia Q2CY24 H1CY2024 Q2CY2024 ResultUpdate