Nestlé India (NESTLEIND) Q4 2013 earnings summary

Executive summary

• FY2013 net sales rose 9.1% YoY to ₹90,619.0m; EPS increased 4.6% to ₹115.87.

• Net domestic sales grew 7.1%, while export sales increased 47.1%, mainly on affiliate sales.

• Noodles, coffee and beverages, and nutrition performed well; leadership in prepared dishes and cooking aids was maintained.

Financial highlights

• Profit from operations was ₹16,383.7m versus ₹15,400.4m in 2012; profit after tax was ₹11,171.3m versus ₹10,679.3m.

• Revenue from operations was ₹91,010.5m, comprising ₹93,798.7m gross product sales less ₹3,179.7m excise duty, plus other operating revenue.

• Net sales were ₹90,619.0m; other income rose to ₹830.9m from ₹310.3m, largely reflecting improved returns on surplus liquidity.

• Reported profit before tax included a ₹138.1m exceptional gain on sale of real estate.

Outlook and guidance

• The year began cautiously amid election-related uncertainty; calibrated actions were expected to support performance, with confidence in long-term prospects.

• Export strategy focused on new products and regions; further improvement in culinary exports was expected in the coming year.

• Continued investment in capacity, product innovation, efficiency improvements and SKU rationalisation supported the aim of long-term sustainable profitable growth.