Nestle India Q4 Results: One-time cost impacts profit, domestic sales rise 8.9%

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose by 10.2% from the year-ago period to ₹1,077 crore. However, the figure was also slightly below the ₹1,120 crore projected in the CNBC-TV18 poll. EBITDA margin stood at 23.4%, lower than the poll estimate of 23.7%. The margin expanded by 50 basis points from last year.

Nestle India said that domestic sales grew by 8.9% led by pricing and mix growth with strong growth momentum seen in e-commerce and out-of-home channels.

For calendar year 2023, the company's overall sales grew by 13.3% from last year and crossed the mark of ₹19,000 crore.

Beverage Products: Largest growth contributor led by strong demand for Nescafe classic and Nescafe Sunrise. The company's beverage business saw double-digit growth during the quarter.

Milk and Nutrition Product Group: Double digit growth

Prepared Dishes and Cooking Aids: Maintained creditable growth

Out Of Home Business: Continued to accelerate rapidly focusing on relevant innovations, potential geographies and robust penetration in emerging channels. Business emerged as the fastest growing business in India.

Shares of Nestle India are trading 1.2% higher at ₹2.485. The company has also announced a dividend of ₹7 per share.