Nestle India's Financial Triumph

In a remarkable financial update, Nestle India has reported a 6% increase in net profit, reaching Rs 696 crore for the quarter ending December 2024. This growth is attributed to a significant uptick in sales, which saw a nearly 4% rise to Rs 4,780 crore.

Key Brands Lead the Charge

Suresh Narayanan, CMD of Nestlé India, highlighted the performance of key brands and the strategic expansion of distribution reach as pivotal to this success. The Powdered and Liquid Beverages business emerged as the largest growth contributor, achieving high double-digit growth and surpassing the Rs. 2,000 crore milestone in retail business over the last twelve months.

Expanding Horizons

Further bolstering its market presence, Nestle India has enhanced its distribution reach among Food & Beverage companies, achieving an impressive 5% expansion in outlets, according to Nielsen report. The RUrban strategy has been instrumental in this expansion, aligning with the company's 'penetration led growth' strategy.

Future Endeavors

Looking ahead, Nestle India is set to significantly increase its manufacturing capacity with the commissioning of a third confectionery unit at the Sanand factory. This move is part of the company's ambitious Rs 5,800 crore capital expenditure plan between 2020-2025, aimed at sustaining growth and expanding its product offerings.