Nestle India slips on reporting 20% fall in Q4 net profit
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Nestle India is currently trading at Rs. 17961.55, down by 123.00 points or 0.68% from its previous closing of Rs. 18084.55 on the BSE.
The scrip opened at Rs. 17582.20 and has touched a high and low of Rs. 18216.00 and Rs. 17582.20 respectively. So far 5199 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 20599.95 on 14-Sep-2021 and a 52 week low of Rs. 15900.00 on 24-Feb-2021.
Last one week high and low of the scrip stood at Rs. 18572.95 and Rs. 17424.45 respectively. The current market cap of the company is Rs. 174753.49 crore.
The promoters holding in the company stood at 62.76 % while Institutions and Non-Institutions held 20.24 % and 16.99 % respectively.
The company has reported 20% fall in its net profit at Rs 386.66 crore for fourth quarter ended December 31, 2021 as compared to net profit of Rs 483.31 crore for the same quarter in the previous year. However, total income of the company increased by 8.76% at Rs 3766.65 crore for December quarter as compared Rs 3463.18 crore for the corresponding quarter previous year.
For the year ended December 31, 2021, the company has reported 3% rise in its net profit at Rs 2144.86 crore as compared to net profit of Rs 2082.43 crore for the previous year. Total income of the company increased by 9.88% at Rs 14829.52 crore for the year under review as compared Rs 13495.88 crore for the previous year.
