Nestle India Q2 FY24 Results: Consolidated PAT Rises to Rs. 908.08 Cr

Nestle India Q2 FY24 Results: Consolidated PAT Rises to Rs. 908.08 Cr

Nestle India Q2 FY24 Results Today

Nestle India Q2 results show revenue up from 4682.48 crores to 5070.09 crores, an 8.28% increase in growth. EPS rose from ₹72.43 to ₹94.18, up by 30.03%.

Quarter-on-Quarter Basis Results (Q2 FY2024):

Nestle India shared its Q2 results on Tuesday. They earned 5070.09 crores in revenue this quarter, but that’s more than the 4682.48 crores they made last quarter. The company’s growth increased by 8.28 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 908.08 crores, up from 698.34 crores in the previous quarter. Their quarter-to-quarter growth increased by 30.03 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹94.18, which is an increase of 30.03% from the ₹72.43 EPS in the previous quarter.

Year-over-Year Basis Results (Q2 FY2024):

The company made a total revenue of 5070.09 crores this year (2023), which is 9.45 percent higher than last year’s total revenue of 4632.48 crores.

This year’s PAT (Profit After Tax) is 908.08 crores, which is also 37.28% higher than last year’s PAT of 661.46 crores.

The EPS (Earnings Per Share) for this year is ₹94.18, which is 37.27% more than the EPS of ₹68.61 earned last year.

Year-over-Year Basis Results (Half Year Ended FY2024):

In the first half of 2023, the company generated a total revenue of 14,616.79 crores, marking a 14.99% increase compared to the previous year’s 12,711.62 crores.

The PAT (Profit After Tax) for this half-year stands at 2343.06 crores, showing a 32.94% growth over the previous year’s 1762.47 crores.

The EPS (Earnings Per Share) for this half-year is ₹243.02, representing a 32.94% increase from the previous half-year’s EPS of ₹182.80.

Nestle India Share Dividend Announcement / Record Date:

The Board of Directors has declared an Interim Dividend of ₹140 per Equity Share of Face Value of ₹10.

About Nestle India:

Nestlé India Limited, based in Gurgaon, Haryana, is the Indian arm of Nestlé, a Swiss multinational corporation. Its product portfolio encompasses a wide range of food items, beverages, chocolates, and confectionery products.

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