Nestle India reports highest EPS in 5 quarters, but PAT declines by 5.1%

Oct 17 2024 03:15 PM IST
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Nestle India, a leading FMCG company, has reported a flat performance for the quarter ending September 2024. The company's EPS has reached a five-quarter high at Rs 10.23, indicating strong profitability. However, PAT has declined by -5.1%, raising concerns for the near future. MarketsMojo has given a 'Hold' call for the stock.

Nestle India, a leading FMCG company in India, has recently declared its financial results for the quarter ending September 2024. The company has reported a flat performance for the quarter, with a slight improvement in its overall score from -2 to -1 in the last three months.

One of the key highlights of the financial results is the company's earnings per share (EPS) for the quarter, which stands at Rs 10.23. This is the highest EPS recorded by Nestle India in the last five quarters, indicating a strong profitability and creating higher earnings for its shareholders.

However, the company's profit after tax (PAT) for the quarter has fallen by -5.1% compared to the average PAT of the previous four quarters. This decline in PAT is a cause for concern and suggests a negative trend in the near term.

Despite this, MarketsMOJO has given a 'Hold' call for Nestle India's stock, indicating a neutral stance on the company's performance. With its strong presence in the FMCG industry and a large market cap, Nestle India remains a key player in the Indian market. Investors are advised to closely monitor the company's financial performance in the coming quarters.
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