Nestle India Q4 profit dips 20% to Rs 386.66 crore, revenue up 8.9%

Nestle India Ltd reported a 20 per cent decline in its net profit to Rs 386.66 crore for the fourth quarter ended on December 31, 2021. 

New Delhi: FMCG major Nestle India Ltd on Thursday reported a 20 per cent decline in its net profit to Rs 386.66 crore for the fourth quarter ended on December 31, 2021, on account of a one-time exceptional item on change of pension scheme for its employees.

The company, which follows a January-December financial year, had posted a profit of Rs 483.31 crore in the same period a year ago, Nestle India said in a regulatory filing.

However, its revenue from operations was up 8.93 per cent to Rs 3,739.32 crore during the period under review, as against Rs 3,432.58 crore in the corresponding period last fiscal, the company said.