Nestle India Ltd.'s net profit for the second quarter of fiscal year 2027 surged 36.4% year-on-year, according to an exchange filing on Thursday. The company posted a bottom-line of Rs 1,027 crore, in-line with street expectations of Rs 1,008 crore.
The FMCG giant had clocked a Rs 753 crore net profit in the year-ago period. Revenue rose 20.3% to Rs 6,788 crore from Rs 5,644 crore, meeting analysts' expectations of Rs 6,758 crore.
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Earnings before interest, taxes, depreciation and amortisation grew 31% to Rs 1,615 crore, compared to Rs 1,232 crore in the corresponding quarter of the last fiscal year. Ebitda margin expanded to 23.8% from 21.8%.
The company noted in its press release that rising Inflation, particularly in food, is a reality. It attributed total sales growth to double-digit volumes. Nestle India said that it remains focused on navigating external challenges.
Notably, the FMCG major's advertising and market spends jumped 46% year-on-year.
Nestle India share price slipped 9% after the company reported its Q2 results. The stock declined as much as 8.99% to Rs 1,259.70 apiece on the BSE.
However, the shares of Maggi noodles maker recovered from the lows but was still trading lower.
Nestle India (Q2, YoY)
- Net profit up 36.4% to Rs 1,027 crore versus Rs 753 crore.
- Revenue up 20.3% to Rs 6,788 crore versus Rs 5,644 crore.
- Ebitda up 31% to Rs 1,615 crore versus Rs 1,232 crore.
- Margin at 23.8% versus 21.8%.
Estimates
- Net profit at Rs 1,027 crore versus estimate of Rs 1,008 crore.
- Revenue at Rs 6,788 crore versus estimate of Rs 6,758 crore.
- Ebitda at Rs 1,615 crore versus estimate of Rs 1,574 crore.
- Margin at 23.8% versus estimate of 23.3%.
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