new Delhi. Maggi maker Nestle India has released its fourth quarter results on Thursday. The company said that its net profit declined by 20 percent to Rs 386.66 crore during the quarter on December 31, 2021. With this, the company had registered a profit of Rs 483.31 crore in the same period last year. The company said that its total expenses during the October-December quarter grew by 8.23 per cent to Rs 3,022.97 crore as compared to Rs 2,793.01 crore in the same period last year.
increase in income
Nestle India told the stock exchanges that its operating income grew 8.9 per cent to Rs 3,739.32 crore in the fourth quarter under review, from Rs 3,432.58 crore in the same period last year. Let us inform that Nestlé India Ltd uses the calendar year as its financial year.
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The company also announced the final dividend
The Board of Directors of the company has also announced a final dividend of Rs 65/- per equity share at a face value of Rs 10 per share for the year 2021. For which the record date has been fixed as April 8. Will be. It will be paid on 26 April.
In the fourth quarter, the company’s EBITDA has increased from Rs 777 crore on a yearly basis to Rs 865.7 crore, ie, an increase of 11.4 percent has been seen in EBITDA. During this period, the company’s EBITDA margin has increased from 22.6 per cent to 23.1 per cent in the corresponding period last year.
The main reason for this strength in the performance of the company has been the increase in business in the domestic market. Explain that the company has been shown to benefit from the increase in out-of-home consumption. However, there has been a decline in exports on an annual basis.
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