Nestle India's Q4 financial results show strong growth and efficiency, receives 'Buy' call from MarketsMOJO

Nestle India, a leading FMCG company, has recently declared its financial results for the quarter ending March 2024. The company has shown a positive performance with a score of 10, which is an improvement from the previous score of 5 in the last 3 months.

One of the key highlights of the financial results is the increase in net sales, which has reached its highest at Rs 5,267.59 crore in the last five quarters. This shows a positive trend in the company's sales performance in the near term.

Another positive aspect is the operating profit (PBDIT), which has also reached its highest at Rs 1,348.82 crore in the last five quarters. This indicates an improvement in the company's efficiency.

The operating profit margin has also seen a significant increase, reaching its highest at 25.61% in the last five quarters. This further reflects the company's improved efficiency.

The profit before tax (PBT) less other income has also shown a positive trend, reaching its highest at Rs 1,213.75 crore in the last five quarters. This is a growth of 23.9% over the average PBT of the previous four quarters, indicating a positive near term trend.

Similarly, the profit after tax (PAT) has also seen a growth of 23.6% over the average PAT of the previous four quarters, reaching its highest at Rs 926.64 crore in the last five quarters. This further reinforces the positive trend in the company's financial performance.

Based on these financial results, MarketsMOJO has given a 'Buy' call for Nestle India's stock. With its strong performance and positive trends, Nestle India continues to be a top player in the FMCG industry and a promising investment option for investors.