• The company is to declare its results for the quarter ended December 2021 later on February 16.
  • FMCG giant Nestle India Ltd is expected to register a year-on-year growth of 10 percent in revenue for the quarter ended December 2021, driven by increased out-of-home (OOH) consumption, experts have said.
  • The company had reported a PAT of Rs 483 crore with operating revenues of Rs 3,433 crore in the year-ago quarter. The PAT included a benefit of Rs 196 crore on account of reversal of provisions made for contingencies.
  • During the previous quarter, PAT stood at Rs 617 crore, which included a contingency provisioning of Rs 38 crore without which the profit would have been higher.
  • EBITDA margins at 24.4 percent are expected to expand by 231 bps on year and remain flat on quarter. It pegs PAT at Rs 588 crore at a YoY growth of 22 percent. Compared to the preceding quarter, PAT is seen declining 5 percent. Axis Securities expects the revenue to grow 10 percent on year to Rs 3,767 crore aided by the “growth in exports and domestic business on recovery in OOH consumption".
  • EBITDA at Rs 942 crore is seen growing by 24 percent on year from Rs 758 crore but decline by 110 bps from Rs 952 crore in the preceding quarter.