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NESTLEIND
reported robust financial performance for the quarter, with standalone net profit registering strong year-on-year growth. However, the company's shares declined during afternoon trading despite the positive earnings figures.
📈 Net Profit Growth: Standalone net profit climbed 36.2% year-on-year to ₹1,026.8 crore.
💰 Revenue Performance: Revenue from operations advanced 20.3% to ₹6,788.3 crore, reflecting healthy business growth.
📦 Operating Performance: Strong volume expansion supported the quarterly performance, while the EBITDA margin stood at 23.8%.
📉 Share Price Movement: Despite the improvement in earnings, Nestlé India shares dropped 6.7% to ₹1,291 during afternoon trading.
📌 Market Perspective: The stock's decline despite strong results suggests that market expectations, investor sentiment and potential profit-booking may have influenced its performance.
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