Nestle India

India’s equity markets opened the week on a high note, buoyed by a mix of domestic and global tailwinds. The Sensex surged over 450 points while the Nifty crossed the 25,000 mark, driven by India’s ascent to the position of the world’s fourth-largest economy, a record dividend transfer by the Reserve Bank of India (RBI), and favorable weather patterns. A temporary reprieve in US-EU trade tensions and a drop in global bond yields further reinforced investor confidence.

Nestle India Ltd, a leader in the fast-moving consumer goods (FMCG) sector, has reported a 6.5% drop in consolidated net profit for the March quarter of 2024-25, standing at Rs 873.46 crore. This represents a decrease from Rs 934.17 crore in the same period the previous year. Despite the decline in profit, the company achieved a 3.67% rise in revenue, driven by strong domestic sales growth in beverages and confectionery. However, exports faced a setback, declining by 8.65%. Amid rising expenses, the company's stock saw a minor dip of 0.37% on the BSE.