Nestle India – a consumer products company that manufactures instant noodles Maggi – will report its financial results for the quarter ended March 2023 on Tuesday, April 25. The company is estimated to report a strong set of quarterly numbers with double-digit percentage growth in both top-line as well as bottom-line, aided by price hikes and lower costs.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

According to Zee Business research, Nestle India is estimated to report a net profit of Rs 677 crore for the three-month period, which translates to a 14 per cent increase compare with the corresponding period a year ago. Its revenue is pegged at Rs 4,413 crore, marking growth of 11 per cent on a year-on-year basis. 

The company’s earnings before interest, taxes, depreciation and amortisation (EBIDTA) – a measure of company's overall financial performance – is estimated to grow 10 per cent to Rs 1,020 crore, according to the research.

Its margin — a key measure of a business's profitability — is seen flat at 23 per cent for the March quarter. 

Nestle India's volume growth for the three-month period is estimated at 3-4 per cent on a year-on-year basis. 

Investors will closely track the management’s commentary on rural demand.

Nestle India shares have risen about 14 per cent in the past one year, a period in which the Nifty headline index has gained 4.7 per cent. The Nestle India stock trades at 68 times its estimated earnings for the year ending March 2024. 

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.