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

Nestle India, a leading FMCG company, has recently announced its financial results for the quarter ending March 2024. The company has shown a positive performance in this quarter, with its score improving from 5 to 12 in the last 3 months. This is a clear indication of the company's growth and success in the market.

One of the key factors contributing to Nestle India's positive financial performance is its net sales, which have reached a record high of Rs 5,267.59 crore in the last five quarters. This shows a positive trend in the company's sales and indicates a strong demand for its products in the market.

The company's operating profit (PBDIT) has also seen a significant increase, reaching its highest at Rs 1,348.82 crore in the last five quarters. This is a positive sign for the company's efficiency and profitability.

Nestle India's profit before tax (PBT) has also shown a positive trend, with the current quarter's PBT at Rs 1,213.75 crore, which is 23.9% higher than the average PBT of the previous four quarters. This further highlights the company's growth and success in the market.

The company's profit after tax (PAT) has also seen a significant increase, reaching its highest at Rs 926.64 crore in the last five quarters. This is a positive indication of the company's profitability and financial stability.

Nestle India has also been able to settle its debtors faster, with a debtors turnover ratio of 93.90 times in the last five half-yearly periods. This shows the company's strong financial management and ability to maintain a healthy cash flow.

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