Nestlé India Limited (BOM: 500790)

Nestlé India Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	197,058	194,671	190,211	167,895	146,649	132,902
Other Revenue	264.1	425.2	1,053	654.4	443	366.5
Revenue	197,322	195,096	191,263	168,550	147,092	133,268
Revenue Growth (YoY)	5.29%	2.00%	13.48%	14.59%	10.37%	7.94%
Cost of Revenue	86,024	86,462	84,327	78,646	64,469	57,696
Gross Profit	111,299	108,634	106,936	89,904	82,623	75,572
Selling, General & Admin	34,070	33,607	19,049	24,917	25,427	24,755
Other Operating Expenses	30,868	28,491	42,782	28,024	23,303	20,025
Operating Expenses	69,456	66,459	66,120	56,971	52,640	48,484
Operating Income	41,842	42,175	40,816	32,933	29,983	27,088
Interest Expense	-269.8	-272.4	-1,193	-862.3	-521.3	-265.4
Interest & Investment Income	1,480	1,480	-	1,010	1,202	1,459
Currency Exchange Gain (Loss)	-24.1	-24.1	-	-126.3	-2.3	-62.5
Other Non Operating Income (Expenses)	-449.3	-336.9	1,212	-	250.1	-
EBT Excluding Unusual Items	42,541	43,021	40,835	32,954	30,911	28,219
Gain (Loss) on Sale of Assets	66.6	66.6	-	62.6	39.7	49
Asset Writedown	-155.9	-186.7	-287.4	-294.3	-12.2	-
Legal Settlements	200.2	39.3	-107.6	-162.9	-	-139.7
Other Unusual Items	813.4	43.7	-57.1	-	-2,365	-
Pretax Income	43,466	42,984	40,383	32,560	28,573	28,128
Income Tax Expense	11,107	11,022	10,396	8,655	7,389	7,304
Net Income	32,359	31,962	29,987	23,905	21,184	20,824
Net Income to Common	32,359	31,962	29,987	23,905	21,184	20,824
Net Income Growth	8.91%	6.59%	25.44%	12.85%	1.73%	5.79%
Shares Outstanding (Basic)	964	964	964	964	964	964
Shares Outstanding (Diluted)	964	964	964	964	964	964
Shares Change (YoY)	0.01%	-0.00%	-0.01%	0.02%	-	-
EPS (Basic)	33.56	33.15	31.10	24.79	21.97	21.60
EPS (Diluted)	33.56	33.15	31.10	24.79	21.97	21.60
EPS Growth	8.90%	6.59%	25.45%	12.83%	1.73%	5.79%
Free Cash Flow	8,564	18,337	20,208	21,875	15,012	19,761
Free Cash Flow Per Share	8.88	19.02	20.96	22.68	15.57	20.50
Dividend Per Share	-	25.760	23.700	22.000	20.000	20.000
Dividend Growth	-	8.69%	7.73%	10.00%	0%	23.46%
Gross Margin	56.40%	55.68%	55.91%	53.34%	56.17%	56.71%
Operating Margin	21.20%	21.62%	21.34%	19.54%	20.38%	20.33%
Profit Margin	16.40%	16.38%	15.68%	14.18%	14.40%	15.63%
Free Cash Flow Margin	4.34%	9.40%	10.57%	12.98%	10.21%	14.83%
EBITDA	45,378	45,553	45,105	36,116	33,187	30,199
EBITDA Margin	23.00%	23.35%	23.58%	21.43%	22.56%	22.66%
D&A For EBITDA	3,536	3,378	4,289	3,183	3,204	3,111
EBIT	41,842	42,175	40,816	32,933	29,983	27,088
EBIT Margin	21.20%	21.62%	21.34%	19.54%	20.38%	20.33%
Effective Tax Rate	25.55%	25.64%	25.74%	26.58%	25.86%	25.97%
Revenue as Reported	198,890	196,776	192,475	169,980	148,607	134,959
Advertising Expenses	-	-	-	6,956	7,725	7,636

Source: S&P Capital IQ. Standard template. Financial Sources.