Nestlé India (NESTLEIND) Q2 24/25 earnings summary

Executive summary

• Approved unaudited standalone and consolidated financial results for Q2 and H1 ended 30th September 2024, showing stable growth despite muted consumer demand and high commodity prices.

• Announced the appointment of Mr. Manish Tiwary as Managing Director effective 1st August 2025, succeeding Mr. Suresh Narayanan upon his retirement.

Financial highlights

• Standalone total sales for Q2 FY25 were INR 5,074.8 crore, up 1.3% year-over-year; domestic sales grew 1.2%.

• Net profit for Q2 FY25 stood at INR 986.4 crore; EPS was INR 10.23.

• Profit from operations was 21.0% of sales.

• Consolidated profit before tax for H1 FY25 was INR 22,095.0 million; net profit for the period was INR 16,460.9 million.

• Cash and cash equivalents decreased by INR 6,762.9 million during H1 FY25.

Outlook and guidance

• Management remains cautious due to elevated commodity prices, especially for coffee and cocoa, and muted consumer demand.

• Continued focus on innovation, premiumization, and digital channels to drive growth.