Nestle India Surges Over 4% On Jump In September Net Profit
Nestle India reporteda 15 per cent growth in net profit at Rs 617 crore for the third quarter of FY2021 as against Rs 538 crore in the previous quarter20-10-2021
20-10-2021
Q2FY22 Quarterly Result Announced for Nestle India Ltd.
Financial Highlights: Total Sales of INR 3,865 Crore. Total Sales Growth at 9.6%. Domestic Sales Growth at 10.1%. The growth is broad based and largely driven by volume & mix. Export Sales increased by 1.3%. Profit from Operations at 22.3% of Sales. Net Profit of INR 617 Crore. Earnings Per Share of INR 64.04. The Board of Directors have declared second interim dividend for 2021 of INR 110.00 per equity share (Face value INR 10/- per equity share) amounting to INR 10,605.7 million, which will be paid on and from 16 November 2021. This is in addition to the first interim dividend of INR 25.00 per equity share paid on 19 May 2021. Mr. Suresh Narayanan, Chairman and Managing Director, Nestlé India commented, “Nestlé with a 109 year history of serving consumers in India is proud to reach a milestone with our ninth factory, or ‘Navaratna’ as we call it, in Sanand. I am extremely proud of the fact that the Sanand factory was built, equipped and made worthy entirely in the pandemic period. It’s a tribute to the dedication, ingenuity, commitment and tenacity of all my colleagues, our partners, vendors and stakeholders for whom ‘impossible’ was not a word in their dictionary. With over 60% of the factory workforce being women, it is the largest contingent of any such work force of the Company. This will rank amongst the highest proportion in the manufacturing sector in India. Equipped with a state-of-the-art biomass boiler, Sanand factory aspires to be a zero-carbon emission unit. In addition, the factory is digitally, the most sophisticated one, enabling efficiency, being paperless and in tune with the youth who work there. In every sense the Sanand factory is a strong statement to the power of diversity, sustainability and digital sophistication. We hope this becomes an inspiration to other industries in a resonant theme of ‘Atmanirbhar Bharat’. This quarter has once again seen the Company deliver ‘double-digit broad-based value growth’ in domestic sales across categories. Organized trade witnessed a resurgence in the third quarter with strong revenue growth in mid-twenties after a muted second quarter which was impacted by the pandemic second wave. E-commerce channel showed strong acceleration on the back of convenience and pandemic driven consumer behaviour, fully leveraged by a team who used the power of meaningful shopper insights, data analytics, speed, flexibility, sharp communication and customisation for the channel at scale. Nestlé India continued its path of robust and sustained double digit growth in not just the large metros, but also “small town Bharat’. This reinforces our belief in the power to unlock the potential of small towns with our relevant portfolio. We are firmly and resolutely on a journey to accelerate it further by using a healthy mix of a customized portfolio, enhanced distribution infrastructure and deployment of resources, localized communication, enhanced visibility and building consumer connect. This sustainable growth is a testimony to the unwavering determination, commitment and resolute focus of our people and partners towards being a ‘Force for Good’.” Result PDF19-10-2021
Nestle India Ltd - 500790 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Nestle India Limited has submitted Press Release relating to the Unaudited Financial Results for the third quarter and nine months ended 30th September 2021.19-10-2021
NESTLE INDIA LTD. - 500790 - Corporate Action-Board approves Dividend
Nestle Indian Limited has intimated that the Board of Directors at their meeting held today declared Second Interim Dividend of Rs. 110/- (Rupees One Hundred Ten only) per equity share of Rs. 10/- each for the year 2021 on the entire issued, subscribed and paid up share capital of the Company of 9,64,15,716 equity shares of the nominal value of Rs. 10/- each. The Second Interim Dividend for the year 2021 will be paid on and from 16th November 2021 to those members whose names appear on the Register of Members of the Company and as beneficial owners in the Depositories, determined with reference to the Record Date of 27th October 2021, already announced for the purpose vide letter no. BM: PKR: 35:21 dated 7th October 2021.19-10-2021
NESTLE INDIA LTD. - 500790 - Unaudited Financial Results For The Third Quarter And Nine Months Ended 30Th September 2021
Nestle India Limited has submitted following: a) the Unaudited Financial Results of the Company for the third quarter and nine months ended 30th September 2021 approved by the Board of Directors at their meeting held today along with the Limited Review Report of M/s. B S R & Co. LLP, Chartered Accountants, Statutory Auditors of the Company; and b) Press Release relating to the Unaudited Financial Results for the third quarter and nine months ended 30th September 2021. The unaudited financial results shall be published in newspapers as required. The same is also being uploaded on the Company's website.19-10-2021
NESTLE INDIA LTD. - 500790 - Board Meeting Outcome for Outcome Of Board Meeting
Nestle India Limited has submitted following: a) the Unaudited Financial Results of the Company for the third quarter and nine months ended 30th September 2021 approved by the Board of Directors at their meeting held today along with the Limited Review Report of M/s. B S R & Co. LLP, Chartered Accountants, Statutory Auditors of the Company; and b) Press Release relating to the Unaudited Financial Results for the third quarter and nine months ended 30th September 2021. c) Declaration of Second Interim Dividend for the year 202119-10-2021
NESTLE INDIA LTD. - 500790 - Shareholding for the Period Ended September 30, 2021
Nestle India Ltd has submitted to BSE the Shareholding Pattern for the Period Ended September 30, 2021. For more details, kindly Click here18-10-2021
Nestle India Q3 Preview: Profit may rise 5-11% on strong demand
Phillip Capital expects Nestle India to report 11.2 per cent YoY rise in net profit Rs 652.60 crore for the third quarter compared with Rs 587.10 crore in the year-ago quarter. Sales are seen rising 12.9 per cent YoY to Rs 3,981.10 crore from Rs 3,525.40 crore. Ebitda margin may fall 26 basis points YoY to 24.8 per cent from 25.1 per cent.17-10-2021
Nestle India Ltd - 500790 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Nestle India Limited has submitted a Certificate under Regulation 74 (5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended 30th September 202112-10-2021
Nestle India Ltd - 500790 - Statement Of Investor Complaints For The Quarter Ended September 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 0220 Name of the Signatory :- B MurliDesignation :- Company Secretary and Compliance Officer12-10-2021