Nestle India reported a 6.9% year-on-year increase in net profit for the first quarter of fiscal year 2025, reaching ₹746.6 crore compared to ₹698.3 crore in the same period last year. This figure fell short of market expectations, as a Moneycontrol poll of eight brokerages had projected a net profit of ₹798 crore.
The FMCG giant’s revenue from operations for the April-June quarter grew to ₹4,814 crore, up 3.3% from ₹4,659 crore a year ago but below the estimated ₹5,060 crore.
On July 8, Nestle India’s Board of Directors declared an interim dividend of ₹2.75 per share for FY25, totalling ₹265.14 crores. This dividend is set to be paid on August 6, alongside a final dividend of ₹8.5 per share for the financial year ended March 31, 2024.
Following the announcement, Nestle India’s shares fell, trading at ₹2,518, down 1% from the previous close.
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Source: MoneyControl
News Desk
