The price of Nestle India shares decreased on Friday, continuing its downward trend for the sixth straight day. Over the last six sessions, Nestle India shares have been down more than 6.6% and the stock has decreased 7% year-to-date (YTD).
Nestle India released Q1 results on Thursday that were below street expectations for both revenue and profitability. The FMCG major’s net profit increased by 7% to ₹746.6 crore in the first quarter of FY25 from ₹698.3 crore in the same time the previous year.
With a 1% increase in domestic volume, the Maggi manufacturer’s operating revenue in Q1FY25 climbed 3.3% to ₹4,814 crore from ₹4,658.5 crore, Yo. Nestle India reported a 4.3% YoY rise in EBITDA at ₹1,103 crore and a 20 basis point (bps) YoY rise in its EBITDA margin to 22.9% from 22.7%.
Nestle India shares were down 0.63% at Rs 2,465.05 on the NSE as of 10:44 AM.
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