New Delhi:FMCG major Nestle India Ltd on Thursday reported a 13.4 per cent decline in consolidated net profit to Rs 646.59 crore for the June 2025 quarter, mainly impacted by high commodity prices.
The company had posted a net profit of Rs 746.6 crore a year ago, according to a regulatory filing by Nestle India.Its revenue from the sale of products increased 5.86 per cent to Rs 5,073.96 crore in the June quarter. It was Rs 4,792.97 crore in the corresponding period of the last fiscal year.
"The quarter was impacted by elevated consumption prices across the commodity portfolio. In addition, we witnessed higher operations costs as a result of significant expansion in manufacturing in the last seven to eight months," said Nestle India Chairman and Managing Director Suresh Narayanan.
Borrowings from commercial banks to fund temporary operational cash-flow requirements resulted in higher finance costs in the quarter."However, we have noticed stabilising prices for edible oil and cocoa, a declining trend in coffee and a stabilising to modest increase in pricing of milk," said Narayanan.
The total expenses of Nestle India rose 9.25 per cent to Rs 4,199.73 crore.Domestic sales climbed 5.45 per cent to Rs 4,860.01 crore against Rs 4,608.50 crore in the corresponding period of the previous fiscal.Its exports surged 16 per cent to 213.95 crore.Shares of Nestle India were trading at Rs 2,338.45 apiece, down 4.66 per cent at BSE.
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