Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,
· Revenue from Operations Q2 was at ₹ 5036 Cr · Net profit stood at ₹ 908.8 Cr · EBITDA stood at ₹ 1,225 Cr
· Revenue from operations grew by 9.45% YoY · Net profit grew by 37% YoY · Total Sales grew by 9.4%
The Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) increased by 21.3% to ₹ 1,225 Cr, while the EBITDA margin decreased by 220 bps to 24.3%.
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· Nestlé India’s Board of Directors announced a second interim dividend of ₹ 140 per equity share of ₹ 10 each for 2023 · The company’s board also approved a stock split in the ratio of 1:10.