Nestlé India (NESTLEIND) Q4 2020 earnings summary

Executive summary

• FY20 sales rose 8.1% to ₹132,901.6 million; domestic sales increased 8.5%, led broadly by volume and mix. Profit from operations reached ₹28,775.4 million.

• Performance held up amid COVID-19 disruption, supported by higher in-home consumption, innovation, e-commerce growth and continued supply operations.

Financial highlights

• Revenue from operations was ₹133,500.3 million versus ₹123,689.0 million in 2019; domestic sales were ₹126,427.7 million and export sales ₹6,473.9 million.

• Profit before tax was ₹28,127.9 million, up from ₹26,734.9 million; profit after tax was ₹20,824.3 million versus ₹19,684.4 million.

• Other income declined to ₹1,458.5 million from ₹2,468.8 million, mainly due to lower yields and average liquidities.

Outlook and guidance

• Planned investment of ₹26 billion over the next three to four years to expand manufacturing capacity and develop the Sanand, Gujarat, factory.

• Long-term environmental ambition includes net-zero greenhouse gas emissions by 2050 and 100% recyclable or reusable packaging by 2025.