Nestle India shares slide 5% after Q1 profit dips as cost pressures bite
[hfe_template id='11223']
[ad_1]
Shares of Nestle India fell as much as 5.2% to Rs 2,326 on BSE on Thursday after the Maggi-maker reported a 13.4% year-on-year (YoY) decline in its profit after tax for the first quarter of FY26, with the company citing elevated commodity prices and rising operational costs as key drags on profitability. The company's profit after tax dropped to Rs 647 crore in the June 2025 quarter from Rs 747 crore in the same quarter last year. Revenue from operations rose 6% YoY to Rs 5,096 crore in the June 2025 quarter, up from Rs 4,814 crore in the year-ago quarter. Domestic sales, which form the bulk of Nestle’s revenue, climbed 5.5% to Rs 4,860 crore, compared with Rs 4,608.5 crore a year earlier. Export sales also advanced 16% to Rs 214 crore from Rs 184 crore in Q1FY25. Total income for the June quarter increased 5% YoY to Rs 5,100 crore, versus Rs 4,853 crore a year ago. The company’s sale of products grew to Rs 5,074 crore from Rs 4,793 c...