Q4FY22 Quarterly Result Announced for Nestle India Ltd.
Nestle India delivers strong volume and growth despite volatility and cost pressures FMCG Company Nestle India announced Q4FY22 results: Total Sales of Rs 3,951 crore Total Sales Growth at 9.7%. Domestic Sales Growth at 10.2%. Profit from Operations at 21.0% of Sales Net Profit of Rs 595 Crore Earnings Per Share of Rs 61.7 Interim Dividend Rs 25 per equity share declared on April 11, 2022 Commenting on the results, Mr. Suresh Narayanan, Chairman and Managing Director, Nestlé India said, “I am pleased to share that in this quarter we have delivered double-digit domestic sales driven by volume and mix, which once again demonstrates the strength of our brands, consumer resonance and the resilience of the Nestlé India team and our partners. Our key brands continue to perform well with Maggi Noodles, KitKat, Nestlé Munch, Nescafé Classic and Sunrise posting creditable double-digit growth in this quarter. This growth across a range of categories was enabled by a mix of innovative campaigns, attractive consumer promotions, analytics-based consumer insights, geo-targeted distribution drives and leveraging the opportunity of festive seasons. Our endeavour is to continue on the path of penetration led volume growth with determination. We have continued to progress well on our RURBAN journey and this has borne fruit with strong sustained rural growth performance, complemented by strong growth in smaller town classes and urban agglomerates. Our robust performance in e-commerce continued as the channel grew by 71% and now contributes 6.3% of domestic sales. We will continue to leverage e-commerce further through meaningful shopper insights, data analytics, speed, sharp communication and customization. As highlighted in previous quarters, cost of key raw and packaging materials are witnessing 10-year highs, and costs continued to surge this quarter which has impacted profit from operations. Continued inflation is likely to be a key factor in the short to medium term. We are confident of facing this turbulence with strategies of scale, efficiencies, mix and pricing all of which we will deploy judiciously. On the occasion of World Earth Day tomorrow, I am pleased to share that as an organization we continue to invest in our sustainability journey through various commitments across climate change, packaging, sourcing and water.” Result PDF21-04-2022
