Nestlé India Reports Strong Q3 2024-25 Performance; Announces Second Interim Dividend

Gurugram, January 31, 2025 – Nestlé India Limited (NSE: NESTLEIND, BSE: 500790) announced its unaudited financial results for the third quarter and nine months ended December 31, 2024, showcasing steady growth despite external challenges.

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Financial Highlights (Standalone)​

For the nine-month period, total revenue stood at ₹ 14,629.8 crore, reflecting a steady 3.3% growth in domestic sales.

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Dividend Declaration​

Nestlé India’s Board of Directors has declared a second interim dividend of ₹ 14.25 per equity share (₹ 1 face value), amounting to ₹ 1,373.92 crore. The dividend will be paid from February 27, 2025 to shareholders as per the record date of February 7, 2025.

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Business & Segment Performance​

• Beverages: Largest growth contributor with high double-digit expansion, led by NESCAFÉ CLASSIC, NESCAFÉ SUNRISE, and NESCAFÉ GOLD.
• Confectionery: KITKAT recorded double-digit growth, and Nestlé commissioned a third confectionery unit in Sanand as part of its ₹ 5,800 crore CAPEX plan (2020-2025).
• Prepared Dishes & Cooking Aids: MAGGI noodles saw credible volume growth, alongside strong performance from Masala-Ae-Magic.
• Petcare: Fastest-growing segment since its 2022 integration, led by Felix premium cat food.
• E-commerce & Out-of-Home (OOH): 9.1% of total domestic sales came from online channels, with strong traction in OOH sales.

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Strategic Developments​

• NESPRESSO Launch in India: The NESPRESSO website went live, receiving encouraging consumer response, and the first NESPRESSO boutique will soon open in Delhi.
• Sustainability Initiatives: Nestlé India installed 5,800 small and 200 large biodigesters in Punjab and Haryana dairy farms to cut methane emissions and improve manure management.
• Project Vriddhi: This rural development initiative has transformed 14 villages, impacting 18,000+ people by enhancing agriculture, digital literacy, and women's skills.

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Management Commentary​

Suresh Narayanan, Chairman & Managing Director, stated:

“Three out of four product groups delivered healthy growth, led by a combination of pricing and volume. NESCAFÉ achieved a milestone by surpassing ₹ 2,000 crore in sales over the last 12 months, reinforcing its leadership position. Despite inflation and urban consumption moderation, our distribution expansion and premiumization strategy continue to drive growth.”

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Market Outlook​

• Commodity Prices: Coffee, cocoa, and cereal prices remain high, while milk and packaging costs have stabilized.
• Rural Recovery: While urban demand moderated, rural markets are showing gradual recovery.
• Export Markets: Strong performance in key international regions, particularly for Instant Tea, Confectionery, and NESCAFÉ.

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Conclusion​

Despite economic challenges, Nestlé India maintains strong growth momentum through innovation, premiumization, and rural expansion. With an ambitious CAPEX plan, sustainability efforts, and a growing premium portfolio, the company remains well-positioned for future growth.