Nestle India shares fall over 4% after Q1 results miss estimates
The company reported a net profit of ₹646.6 crore for the June quarter, up 13.4% from ₹570 crore a year ago. However, the figure came in well below CNBC-TV18's estimate of ₹732 crore and also showed a sharp decline from ₹873.4 crore in the March quarter.
Revenue from operations stood at ₹5,096.1 crore, up 6% year-on-year, slightly ahead of the expected ₹5,080 crore. But this was still lower than ₹5,503.8 crore reported in Q4 FY25.
EBITDA came in at ₹1,100 crore versus the estimated ₹1,135 crore, while the EBITDA margin dropped to 21.60% from 23.15% a year ago, missing the projected 23.02%. Rising input costs, especially raw materials and employee benefits, weighed on profitability. Material costs rose to ₹2,153.2 crore from ₹1,943.2 crore YoY, and employee expenses climbed to ₹515.6 crore.
Segment-wise, domestic sales contributed ₹4,860 crore and exports added ₹213.9 crore. Product sales grew from ₹4,792.9 crore last year to ₹5,073.9 crore in Q1 FY26.
Nestlé India paid ₹234.8 crore in current tax and ₹27.6 crore in deferred tax during the quarter.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Trump says big banks have turned him away, revives discrimination allegations
President Trump said banks have turned him away and revived allegations of discrimination against his supporters by large banks while previewing a new executive order to punish those companies. The president was asked in an interview with CNBC on Tuesday about The Wall Street Journal's reporting on a new executive order, which would direct bank regulators to investigate financial institutions for violations of the Equal Credit Opportunity Act, antitrust laws or consumer financial protection laws. Trump insisted that banks do discriminate, giving the example of him being turned away from working with JPMorgan Chase after banking with the company for about 40 years. 'I could see if they want to … do something bad, because you don't have any money and you're defaulted. Take those people out,' Trump said. 'I'll give you me as an example. I had hundreds of millions. I had many, many accounts loaded up with cash, loaded up with cash, and they told me, 'I'm sorry sir, we can't have you. You have 20 days to get out.'' He also said he would call Bank of America CEO Brian Moynihan 'routinely' and that he was 'kissing my a‑‑ when I was president' but then turned him away after his first term. Trump said he went to smaller banks to deposit his money. 'When I called him after I was president to deposit a billion dollars plus, and a lot of other things, more importantly to open accounts … he said, 'We can't do it,'' Trump said, referring to Moynihan. 'I ended up going to small banks all over the place. I mean, I was putting $10 million here, $10 million there … the craziest thing. And it's lucky I even had them. They were doing me a favor and that's because the banks discriminated against me very badly, and I was very good to the banks,' the president added. 'Had the greatest economy in the history of our country when I was president. And by the way, our economy now will blow that away, as you see it happening.' 'We welcome the Trump administration's efforts to provide regulatory clarity to banks. We've provided detailed proposals and will continue to work with the administration and Congress to improve the regulatory framework,' a Bank of America spokesperson said, opting not to response to the president's comments to CNBC specifically. JPMorgan Chase said politics are not considered when accounts are closed, adding that they hope to work with the administration on the upcoming order. 'We don't close accounts for political reasons, and we agree with President Trump that regulatory change is desperately needed. We're pleased to see the White House is addressing this issue, for which we've been advocating for many years, and look forward to working with them to get this right,' a spokesperson said. The president on Tuesday argued, without evidence, that big banks discriminate against his supporters, renewing allegations long advanced by Republicans who have criticized a series of actions by major financial firms. During a speech at the World Economic Forum in Davos, Switzerland, in January, Trump also accused large banks of discriminating against conservatives. JPMorgan Chase and Bank of America pushed back on his comments at the time. In his CNBC interview, Trump further claimed without evidence that former President Biden's administration told banking regulators to 'destroy Trump.' 'They discriminate against many conservatives … I think the word might be Trump supporters more than conservatives,' Trump said. The Wall Street Journal reviewed a draft of the new executive order, which could be signed as soon as this week. The outlet reported that banks that are found in violation of anti-discrimination laws would be subject to fines or disciplinary measures and while it doesn't name any specific banks, it appears to refer to Bank of America as an example of an alleged discriminatory bank. Updated: 2 p.m. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
Yahoo
an hour ago
- Yahoo
Live updates: Texas GOP issues arrest warrants in redistricting showdown with Democrats
Texas Democrats who have taken refuge in blue states to protest GOP-led redistricting in the Lone Star State face civil arrest warrants after missing a legislative session on Monday. Texas House Speaker Dustin Burrows (R) signed the warrants, which allow for the Democrats' arrests, as Gov. Greg Abbott on Monday called their protest 'crazy bluster' and said the state would push ahead with redrawing maps. In a call with CNBC on Tuesday morning, President Trump said Republicans were 'entitled' to five more seats in Texas. Democratic National Committee (DNC) Chair Ken Martin told CNN on Monday night that Republicans are getting what they asked for: 'Donald Trump, Greg Abbott, Ken Paxton, they said they wanted a showdown. And guess what? That's exactly what they're getting. A showdown.' The Texas House needs two-thirds of its members present to vote; Democrats' absence has deprived the chamber of that quorum. It will convene its second legislative day without Democrats on Tuesday. Aside from Texas redistricting, Trump also told the 'Squawk Box' anchors that Treasury Secretary Scott Bessent would not be his next Fed chair. And he said banks have turned him away and revived allegations of discrimination against his supporters by large banks while previewing a new executive order to punish those companies. The president is slated to sign an executive order on Tuesday afternoon. Catch up here: Trump rules out Bessent as next Fed chair Greene talks about her 'genocide' comment and being an 'early indicator' of GOP discontent Early GOP rift emerges as Congress braces for shutdown fight Follow along all day for updates. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
CNBC
an hour ago
- CNBC
AMD misses on EPS, CEO sees 'robust demand' across computing & AI production portfolio
CNBC's Kristina Partsinevelos joins 'Closing Bell: Overtime' to discuss earnings results for two chip makers.
