Revenue and Profitability Trends
For the year ended 31 March 2025, Nestle India reported consolidated net sales of ₹20,201.56 crores, marking an increase from ₹19,126.30 crores recorded in December 2023. This growth in top-line revenue was accompanied by a rise in total operating income, which stood at ₹20,201.56 crores in March 2025, up from ₹19,126.30 crores in the previous period.
The company’s expenditure, excluding depreciation, increased moderately to ₹15,427.85 crores from ₹14,655.31 crores, reflecting higher raw material costs and employee expenses. Despite this, Nestle India maintained a robust operating profit margin of 23.78%, slightly higher than the 23.51% margin reported earlier.
Operating profit (PBDIT) excluding other income rose to ₹4,773.71 crores, with total operating profit including other income reaching ₹4,832.57 crores. Profit before tax improved to ₹4,340.07 crores, compared to ₹4,038.29 crores previously, while profit after tax increased to ₹3,231.54 crores from ₹2,998.67 crores. The consolidated net profit similarly rose to ₹3,207.59 crores.
Margins remained healthy, with the profit after tax margin at 15.98%, marginally up from 15.77%. Earnings per share (EPS) on a consolidated basis were reported at ₹16.63 for March 2025, reflecting the company’s consistent profitability.
Momentum just kicked in! This Small Cap from the Auto - Trucks sector entered our list with explosive short-term signals. Catch the wave while it's still building!
- - Fresh momentum detected
- - Explosive short-term signals
- - Early wave positioning
Balance Sheet and Asset Position
Nestle India’s balance sheet reflects a strengthening financial foundation. Shareholders’ funds increased to ₹4,010.21 crores as of March 2025, up from ₹3,340.89 crores a year earlier. Total reserves also grew significantly to ₹3,913.79 crores, indicating retained earnings and accumulated profits.
The company’s total liabilities rose to ₹12,193.32 crores from ₹10,523.06 crores, driven primarily by an increase in current liabilities and short-term borrowings, which climbed to ₹730.86 crores from ₹5.66 crores. Long-term borrowings remained relatively stable, slightly decreasing to ₹22.48 crores.
On the asset side, total assets expanded to ₹12,193.32 crores, supported by growth in net block assets to ₹4,925.65 crores and capital work in progress of ₹1,172.56 crores. Non-current investments also increased to ₹575.03 crores, reflecting strategic asset allocation. Inventories rose to ₹2,850.14 crores, while cash and bank balances declined to ₹95.65 crores from ₹778.85 crores, signalling changes in liquidity management.
Cash Flow and Financial Health
Cash flow analysis reveals a mixed picture. Cash flow from operating activities decreased to ₹2,936 crores in March 2025 from ₹4,174 crores the previous year, impacted by a larger negative change in working capital of ₹711 crores. Investing activities saw higher outflows of ₹1,810 crores, compared to ₹1,237 crores, reflecting increased capital expenditure.
Financing activities also recorded outflows of ₹1,848 crores, though this was an improvement from ₹3,134 crores the prior year. The net cash outflow for the year was ₹722 crores, compared to ₹197 crores previously, resulting in a reduced closing cash and cash equivalents balance of ₹76 crores.
Despite these cash flow pressures, the company’s overall financial position remains solid, supported by strong profitability and growing equity base.
Want to dive deeper on Nestle India? There's a real-time research report diving right into the fundamentals, valuations, peer comparison, financials, technicals and much more!
- - Real-time research report
- - Complete fundamental analysis
- - Peer comparison included
Summary of Historical Performance
Overall, Nestle India’s historical performance demonstrates consistent revenue growth, stable profit margins, and a strengthening balance sheet. The company has managed to expand its operating profit and net profit despite rising costs, maintaining margins above 15%. Shareholders’ equity has grown steadily, reflecting retained earnings and prudent financial management.
While cash flow from operations has moderated and cash reserves have declined, the firm continues to invest in capital assets and manage its liabilities effectively. The increase in borrowings, particularly short-term, suggests a strategic approach to liquidity and working capital management.
Investors can view Nestle India as a financially robust entity with a track record of steady growth and profitability in the fast-moving consumer goods sector. Its ability to sustain margins and expand reserves bodes well for long-term value creation.
Limited Time Only! Subscribe for Rs. 12,999 and get 1 Year of MojoOne + an Additional Year Completely FREE. Don't miss out on this exclusive offer. Claim Your Free Year →
