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#NESTLEIND Nestle India slips 2.5% after reporting #Q1FY25 results https://t.co/J8IuHsXw82
Nestlé Q2'24 Earnings Highlights: 🔹 Net Profit: CHF 5.6B 🔹 Sales: CHF 22.95B (Est. CHF 22.95B) 🟡; UP +2.2% YoY 🔹 Organic Growth: 2.8% (Est. 2.5%) 🟢 Lowers Outlook: 🔹 FY 2024 Organic Growth of at least 3% (Prev ~4%) 😕 🔹 Underlying Trading Operating Profit Margin guidance… https://t.co/wB2qQA8y84
#MarketsWithBS | Shares of #NestleIndia slipped as much as 2.96% to hit an intraday low of Rs 2,468.50 per share. The fall in the share price came after the company announced its #Q1FY25 results, which missed street expectations. @tiwary_tanmay #q1result https://t.co/FxVwQDA0Qx
Nestlé India reported disappointing Q1 FY25 results, with volume growth at just 1%, significantly below market expectations of 4-6%. The company's stock fell by as much as 2.96%, reaching an intraday low of Rs 2,468.50 per share following the announcement. In contrast, Nestlé's overall H1 earnings showed a net profit of CHF 5.6 billion and reported sales of CHF 45 billion, reflecting an organic growth of 2.1%. The company has lowered its full-year organic growth outlook to at least 3%, down from a previous estimate of 4%. The underlying trading operating profit margin stood at 17.4%, with real internal growth at 0.1% for Q1 and an expected acceleration to 2.2% in Q2.