Nestle India is all set to announce its financial results for the December quarter on January 31. The Board of Directors will also consider declaration of second interim dividend for the Financial Year 2024-25.
“Intimating that the unaudited financial results (standalone and consolidated) of the Company for the third quarter and nine months ended 31st December 2024 shall be considered by the Board of Directors of the Company at its meeting scheduled on Friday, 31st January 2025. At the said Meeting, the Board of Directors will also consider declaration of second interim dividend for the Financial Year 2024-25,” it said in an exchange filing.
Furthermore, the company has set February 7 as the record date and the payment of second interim dividend will be done on February 27.
“Intimation of the Record Date of 7th February 2025 is enclosed with this letter. Second interim dividend for the Financial Year 2024-25, in case declared, shall be paid on and from 27th February 2025,” it added.
Nestle India stock gained a percent on Friday’s trading session, closing at ₹2,209.90 per share.
Nestle India Q2 results highlights
FMCG giant Nestle India announced a consolidated net profit of ₹899 crore for the quarter ending September 30, 2024, a slight decline from ₹908 crore in the same quarter of the previous year, which is nearly 1 per cent decrease compared to the year-ago period.
The revenue from operations for the reported quarter was ₹5,104 crore, showing a 1.3 per cent growth from ₹5,037 crore in the same quarter of the previous financial year.
Nestle India’s product sales revenue increased by 1.3 per cent to ₹5,074.76 crore in the September quarter, compared to ₹5,009.52 crore during the same period last year.
Commenting on the results, Suresh Narayanan, Chairman and Managing Director of Nestlé India, said, “Despite a challenging external environment with muted consumer demand and high commodity prices especially for coffee and cocoa, we remained resilient in our pursuit to deliver growth. This quarter, 5 of our top 12 brands grew at double-digit. However, some key brands witnessed pressure due to softer consumer demand and we focus on them and have in place robust action plans. It is heartening to note that in the last 9 months, 65% of our top 12 brands including MAGGI noodles showed positive volume growth.”
