Nestle Q1 Sales Rise, India Profit Falls

Nestle reported global organic sales growth of 2.8% in the first quarter of FY25, exceeding analyst expectations, primarily due to price increases in categories like coffee and confectionery. The company maintained its 2025 guidance, forecasting stronger organic sales growth and an operating profit margin of at least 16%. In India, Nestle posted a 3.67% year-on-year revenue increase for the March quarter to Rs 5,447.64 crore, while net profit declined by 6.5% to Rs 873.46 crore due to higher expenses and weaker export performance. Domestic sales in India reached a new quarterly high, and the company declared a final dividend of Rs 10 per share. Globally and in India, growth was driven by price hikes and strong beverage and confectionery sales, though some challenges persisted in volumes and exports. The company's results reflect resilience amid ongoing macroeconomic pressures.