Nestle India Ltd Q4 FY25 Share Price & Earnings Call Analysis

Financials of Nestle India Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Nestle India Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +4,8314,6595,0374,6005,2684,8145,1044,7805,5045,0965,6445,6676,748
Expenses +3,7353,6033,8123,5053,9183,7003,9363,6774,1163,9964,4074,4664,976
Operating Profit1,0951,0561,2251,0951,3501,1141,1681,1031,3881,1001,2371,2011,772
OPM %23%23%24%24%26%23%23%23%25%22%22%21%26%
Other Income +3424140-7737392984942170-18
Interest37333123263232353847462837
Depreciation102107111109110113122150155157163174205
Profit before tax9909391,2228861,2511,0091,3129221,2059001,0291,1681,513
Tax %26%26%26%26%25%26%25%25%26%27%27%13%26%
Net Profit +7376989086569347479866968856597531,0181,114
EPS in Rs3.823.624.713.404.843.875.123.614.593.423.915.285.78

Financials of Nestle India Ltd

Profit & Loss

Annual income statement trend

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024 15mMar 2025Mar 2026
Sales +8,1759,14110,01011,29212,36913,35014,74116,89719,12624,39420,20223,155
Expenses +6,6207,2927,9138,6759,44310,14911,17813,19114,65518,55115,43017,849
Operating Profit1,5551,8502,0972,6182,9263,2023,5623,7064,4715,8434,7715,306
OPM %19%20%21%23%24%24%24%22%23%24%24%23%
Other Income +-391140177259247146-112107116159352161
Interest39192112129164202155119145136158
Depreciation347354342336370370391403429568540699
Profit before tax8141,5451,8392,4292,6732,8132,8573,2564,0385,2894,4474,610
Tax %31%35%33%34%26%26%26%27%26%26%25%23%
Net Profit +5631,0011,2251,6071,9682,0822,1182,3912,9993,9333,3143,545
EPS in Rs2.925.196.358.3310.2110.8010.9912.4015.5520.4017.1918.38
Dividend Payout %83%61%68%69%168%93%91%89%56%79%79%65%

Financials of Nestle India Ltd

Balance Sheet

Capital structure and asset base

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024Mar 2025Mar 2026
Equity Capital9696969696969696969696193
Reserves2,7213,1863,3243,5771,8221,9231,8502,3632,3633,2444,0215,116
Borrowings +183335351891472662712713451,167444
Other Liabilities +3,2513,4953,9074,3795,0655,7336,0216,2496,2496,8387,0407,604
Total Liabilities6,0866,8107,3638,0887,1737,9008,2348,9798,97910,52312,32413,357
Fixed Assets +2,8982,7302,6162,4012,3412,1792,9953,0443,0443,4605,4746,290
CWIP231188941051436392463583581,7421,173507
Investments1,3251,7561,9792,6581,7511,464774778778464706706
Other Assets +1,6332,1362,6732,9242,9373,6184,2194,7994,7994,8574,9725,854
Total Assets6,0866,8107,3638,0887,1737,9008,2348,9798,97910,52312,32413,357

Financials of Nestle India Ltd

Cash Flows

Operating, investing and financing cash movement

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1,0981,4661,8182,0522,2952,4542,2362,7373,3924,1752,9365,048
Cash from Investing Activity +-70-126-131-5283-321-1,920-392-927-1,237-1,811-624
Cash from Financing Activity +-498-666-997-1,317-3,602-1,956-2,020-2,123-2,436-3,135-1,848-3,179
Net Cash Flow529674691683-1,223177-1,70422329-198-7231,244
Free Cash Flow9491,3531,6221,8902,1431,9801,5052,1972,0282,2969324,221
CFO/OP93%106%116%112%101%99%83%97%100%94%83%115%

Financials of Nestle India Ltd

Ratios

Working capital efficiency and return ratios

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024Mar 2025Mar 2026
Debtor Days443445444475
Inventory Days1031079192107107111110838313991
Days Payable94919911812411512212192112128112
Cash Conversion Cycle1220-5-22-14-3-7-7-5-2418-16
Working Capital Days-21-10-15-21-20-22-20-16-10-19-19-24
ROCE %46%54%57%71%96%139%150%138%153%169%96%84%