Nestle India Q2 PAT up 11% to Rs 539 cr, sales up 14%

Steep commodity inflation impacted margins; while staff benefit expenses remained stable, total expenses grew 14% as other operating expenses surged too

Packaged food and beverages major Nestle India reported 10.7 per cent year-on-year growth in its profit after tax (PAT) for the April-June quarter. Its net profit for the quarter stood at Rs 538.6 crore, up from Rs 486.6 crore in the corresponding quarter previous year.

Its net sales for the quarter surged by 13.8 per cent YoY to Rs 3,462.4 crore from Rs 3,042 crore. However, steep rise in its raw material costs impacted its margins. In the June quarter, Nestle’s cost of raw materials consumed jumped 24 per cent to Rs 1,479 crore from Rs 1,194 crore. While its