Nestle India Soars with Record Profits and Domestic Sales Milestone
Shares of Nestle India surged over 7% after the company announced a 27.18% rise in net profit for FY26's March quarter. The rise was driven by a record in domestic sales and boosted market valuation significantly. Revenue from operations also increased, showcasing robust growth across segments.
- Country:
- India
Nestle India's shares skyrocketed over 7% following the announcement of a 27.18% rise in consolidated net profit for the March quarter of FY26. Driven by record domestic sales, the company's performance marked a significant milestone, taking the share price to a new 52-week high.
The financial data revealed a substantial jump in both profit and revenue. Nestle India reported a net profit of Rs 1,110.9 crore, a sharp increase from the previous year's Rs 873.46 crore. Additionally, revenue from operations shot up 23.42% to Rs 6,747.79 crore.
Chairman and MD Manish Tiwary attributed the success to robust advertising efforts and double-digit volume growth. The market valuation of Nestle India climbed by Rs 17,605.52 crore, underscoring the company's robust performance and strategic market positioning.
(With inputs from agencies.)
Google News