Nestle India Q4 profit up 65.5% at Rs 628 cr, credits 'robust demand'

In 2022, its rurban footprint grew by 13%, according to its investor presentation

Nestlé India posted a 65.5 per cent increase in net profit to Rs 628.06 crore, while revenue was up 13.6 per cent at Rs 4,256.7 crore.

Domestic sales of the maker of Maggi noodles and KitKat chocolates were up 13.9 per cent at Rs 4,061.8 crore in the quarter. Export sales were up 17.1 per cent to Rs 171.4 crore. “We delivered our highest double-digit growth in a decade (in 2022) led by sustained volume and mix-led growth, leading to a strong value growth,” said Suresh Narayanan, chairman and managing director of Nestlé India, in a press statement. 

“Our robust