Nestle India Q2 PAT rises 11% YoY to Rs 539 crore, misses estimates

Nestle India on Wednesday posted a 10.6 per cent year-on-year (YoY) rise in June quarter profit at Rs 538.58 crore as against Rs 486.6 crore reported in the same quarter last year. Sequentially, however, the profit declined by 10.5 per cent compared with Rs 602.25 crore at the end of the March 2021 quarter. 

The FMCG major's revenue from operations for the quarter under review came in at Rs 3,476.7 crore as against Rs 3,050.48 crore posted in the corresponding quarter last fiscal, implying an upside of 14 per cent. On quarter-on-quarter basis, the figure was down 3.7 per cent