Nestlé India (NESTLEIND) Q4 2017 earnings summary

Executive summary

• FY2017 sales of products rose 7.7% YoY; comparable domestic sales growth was estimated at 11.8%, supported by volume growth and MAGGI Noodles’ rebuild, while GST reduced reported sales.

• Profit after tax increased to ₹12,251.9 million from ₹10,013.6 million; EPS was ₹127.07 versus ₹103.86.

Financial highlights

• Sales of products were ₹101,351.1 million; domestic sales were ₹94,724.5 million and export sales ₹6,626.6 million.

• Profit before exceptional items and tax was ₹18,393.0 million versus ₹15,561.6 million; profit from operations was ₹18,304.8 million versus ₹16,542.0 million.

• Net income was ₹12,251.9 million; total comprehensive income was ₹11,362.1 million, including other comprehensive loss of ₹889.8 million.

• Net cash generated from operating activities was ₹18,177.9 million; capital expenditure on property, plant and equipment was ₹1,985.6 million.

Outlook and guidance

• 2018 priorities included closer consumer engagement, responsible and transparent communication, digital adoption and sustaining long-term stakeholder relationships.

• 2018 planned factory initiatives included energy and water efficiency projects, steam optimization, heat recovery, solar power and conversion to natural gas.