nestle q2 results 2024

Nestle Q2 Results 2024: Profit Drop by Only 0.94%

Nestle India Q2 Results FY25 indicated only a slight fall in consolidated net profit of 0.94% on the year-on-year (YoY) basis. On the Nestle Q2 results date which was October 17, 2024, the company’s share price closed at ₹2,378.70. On October 18, 2024, Nestle India share price opened at ₹2,380. So, let’s get into the details of the FMCG major and Maggi-brand owner’s Q2 FY25 earnings, revenue, and quarter happenings.

Key Highlights of the Nestle India Q2 Results FY25

1. Consolidated Net Profit at ₹899.5 crores, down 0.94% YoY

Nestle Q2 results for the financial year 2024-25 showed that consolidated net profit was ₹899.5 crores which was slightly lower than the Q2 FY24 profit of ₹908 crores. It happened because of weaker demand for a few brands and higher raw material prices.

2. Consolidated Revenue at ₹5,104 crores, up 1.3% YoY

The consolidated revenue from operations for Q2 FY25 was ₹5,104 crore as compared to the revenue of Q2 FY24 at ₹5,037 crores.

3. Total Sales at ₹5,074.8 crores, up 1.3% YoY

The standalone total sales of Nestle India was ₹5,074.8 crores in Q2 FY5 which was 1.3% higher than the Q2 FY24 sales. The domestic sales also grew by 1.2% on a YoY basis.

WHY SMC

  • 20 Lac+ unique clients
  • 33+ Years of Serving
  • Advance Technical Analysis
  • Free Demat Account


Nestle Q2 Results 2024: Quarter Updates

  • Nestle Q2 Results FY25 mentioned that the E-commerce business grew by around 38% YoY with the surge in the quick commerce segment, premiumization, and festive participation. E-commerce registered the highest growth in Q2 of FY25 from the last seven quarters and it contributed 8.3% of domestic sales in Q2 FY25.
  • In the Out-of-the-Home segment, growth was supported by portfolio changes, new customer additions, and reach beyond metros cities.
  • The export expanded due to a rise in footprints and the introduction of new stock-keeping units for different categories in Canada and Maldives.
  • In the Nestle Q2 Results for FY25 note, 5 out of the top 12 brands grew by double-digits.
  • From the last 9 months to FY25, Nestle Q2 results posted that 65% of the top 12 brands (including MAGGI) have a positive rise in volume.

Nestle India Q2 Results 2024: Products Updates

  • Launch of Maggi Chatpata Besan noodles for product premiumization.
  • More investments towards advertisements of milk products and the launch of Milkmaid mini.
  • In the beverage business, Nestle India has double-digit growth backed by the strong performance of Nescafe Classic, Nescafe Gold, and Nescafe Sunrise.
  • Milkmaid and Masala-Ae-Magic both have double-digit growth in Q2 of FY25.
  • In the new category, Petcare business had high single-digit growth and Pro Plan dog food also had a positive response.

Conclusion

Nestle India Q2 results had positive growth despite a silent consumer demand and high commodity prices mainly for coffee and cocoa. According to the Nestle India Q2 results for the financial year 2024-25, the packaged food company had launched 145 new products in the last eight years which now contribute around 7% of sales. Also, eight new projects are in the process. Keep exploring stocks and open demat account with SMC Global Securities. Stay tuned for the upcoming Nifty 50 companies quarterly results.

Reference
https://www.nestle.in/sites/g/files/pydnoa451/files/2024-10/Nestle-India-Press-Release-Q2-2024-25.pdf

Author: All Content is verified by SMC Global Securities.

WHY SMC

  • 20 Lac+ unique clients
  • 33+ Years of Serving
  • Advance Technical Analysis
  • Free Demat Account


Eleganz Interiors IPO Important Dates and Details Union Budget 2025: What’s Now More Pocket-Friendly and What’s Not? Dematerialisation Request Form (DRF): A Guide to Transition Your Securities How to Transfer Shares from One Demat to Another GB Logistics IPO: Complete Details and Investment Guide CapitalNumbers Infotech IPO: Complete Details and Important Dates EMA Partners IPO: Key Details, Financials, and Investment Opportunities Pros and Cons of Opening Multiple Demat Accounts What is a Consolidated Mutual Fund Statement? Laxmi Dental IPO Important Dates and Financial Performance
Open Free Demat Account