Nestle profit before tax marginally dips to Rs 652 crore, revenue up 1.7%

Food major Nestlé India on Tuesday clocked a marginal decline in profit before tax (PBT) to Rs 652 crore for the April-June period versus Rs 659 crore reported a year ago, as Covid-19 disruptions impacted business. 

While revenue for the quarter rose, it was sluggish at Rs 3,050 crore versus Rs 3,000 crore reported a year ago. That’s an increase of 1.7 per cent only from the year-ago period, as supply-chain constraints remained during the quarter. Street estimates had pegged Nestlé’s top line at Rs 3,205 crore for the period under review. 

Net profit for the June quarter rose 11.2 per cent