Q4 Results Highlights: Tech Mahindra profit jumps by 76.51%; Axis Bank profit at Rs 7,117.50 crore

On the recommendation of the Nomination and Remuneration Committee, Nestle India board has recommended the appointment of Manish Tiwary as Managing Director of the company for a period of five consecutive years with effect from 1st August 2025. “During the transition period as Managing Director (Designate), the Board of Directors also appointed Manish Tiwary as Key Managerial Personnel of the Company with effect from 24th April 2025,” it said in a regulatory filing.

Nestle India board recommended a final dividend of Rs 10 per equity share of the face value of Re 1 each for the financial year 2024-25 on the entire issued, subscribed and paid-up share capital of the company of 964,157,160 equity shares of face value of Re 1.

The FMCG major maintained that commodity prices continue to be firm for coffee. “Cocoa prices have corrected but continue to be high. Prices continue to remain stable for edible oils. Milk prices have cyclically firmed up with the onset of summers,” it said.

Nestle India said that total sales and domestic sales for the quarter increased by 3.7 per cent and 4.2 per cent, respectively. Domestic sales growth was broad based. Domestic sales crossed Rs 5,235 crore, the highest ever, surpassing that of January- March 2024 quarter, it added.

Nestle India’s Suresh Narayanan said that the company is investing approximately Rs 6,500 crore between 2020 and 2025 to develop new capabilities and capacity. He said, “This not only demonstrates the strong demand for our products but also our commitment to manufacture in India and ‘Make in India‘. The Odisha factory, our 10th citadel of growth, is being set up with an initial investment of approximately Rs 900 crore, in its first phase, to manufacture products from our foods (Prepared Dishes and Cooking Aids) portfolio.”

Suresh Narayanan, Chairman and Managing Director, Nestlé India, said, “I am pleased to report that this quarter we witnessed double-digit growth in Beverages and Confectionery, with 3 out of 4 product groups delivering healthy growth. Our domestic sales crossed Rs 5,235 crore mark, the highest ever in any quarter supported by improving volume growth. My heartfelt appreciation to my colleagues in our offices, factories and salesforce for their resolve and abiding teamwork in navigating external challenges.”

Nestle India released its fiscal fourth quarter earnings report with profit at Rs 873.46 crore, down 6.50 per cent in comparison to Rs 934.17 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 5503.88 crore, posting a growth of 4.49 per cent as against Rs 5267.59 crore reported during the fourth quarter of previous financial year.

Ritesh Tiwari, CFO, HUL, said that the FMCG market is witnessing subdued demand conditions, while urban demand continues to moderate.

JM Financial said, “Tata Communications’ consolidated revenue was a tad better than expected at Rs 59.9bn (up 3.3% QoQ and 5.2% YoY) vs. JMFe/consensus of INR 59.6bn/INR 59.7bn. Data revenue was a little higher than JMFe at INR 51bn due to slightly better core connectivity revenue while digital portfolio revenue was in line. Further, the management indicated that order book growth normalised and funnel additions moderated QoQ in Q4FY25, but the overall funnel continues to be healthy across India and internationally. However, consolidated EBITDA was 6-8% lower than JMFe/cons at INR 11.2bn due to multiple one-offs; the management expects EBITDA margin to normalise in Q1FY26.”

HOME CARE

• Revenue: Rs 22,972 crore

• USG: 5%

• UVG: High-single digit growth

• Margin: 19%

BEAUTY & WELLBEING

• Revenue: Rs 13,073 crore

• USG: 2%

• UVG: Low-single digit growth

• Margin: 32%

FOODS

• Revenue: Rs 15,294 crore

• USG: Flat

• UVG: Low-single digit decline

• Margin: 18%

PERSONAL CARE

• Revenue: Rs 9,168 crore

• USG: -3%

• UVG: Low-single digit decline

• Margin: 18%

Growth

❖ Expect growth to gradually improve during the year led out of portfolio transformation and improving macroconditions; H1 FY26 > H2 FY25.

❖ If commodities remain where they are, price growth is expected to be in the low-single digit range.

❖ Continue to focus on driving volume led competitive growth.

Margins

❖ Gross margin expected to moderate as we continue to deliver the right price-value proposition.

❖ Stepping up investments to land portfolio transformation in high-growth demand spaces supported by a strong innovation pipeline.

❖ Consequently, EBITDA margin to be within a healthy range of 22-23%.

Rohit Jawa, CEO and Managing Director, said, “In FY25, our turnover surpassed Rs 60,000 crore, with an Underlying Sales Growth of 2% and an EPS growth of 5%. While absolute volume tonnage grew in mid-single digit, it was partially offset by a negative mix. We delivered a competitive performance, further strengthening our market leadership during the year. This year marked a step up in our portfolio transformation with increased innovation in high-growth spaces, amplified investments in channels of the future, acquisition of Minimalist, divestment of Pureit, and the decision to demerge Ice Cream business.”

“Looking ahead, we anticipate demand conditions to gradually improve over the next fiscal year. We are committed to the strategic objective of unlocking a billion aspirations supported by our robust business fundamentals, to continue winning competitively,” it added.

Turnover of FY25 stood at Rs 60,680 crore, up 2 per cent driven by UVG of 2 crore. EBITDA margin remained healthy at 23.5 crore. PAT was recorded at Rs 10,644 crore.

HUL board has recommended a final dividend of Rs 24 for the financial year ended 31st March, 2025 on equity shares of Re 1 each. The Company had earlier paid an interim dividend of Rs 19 per share and special dividend of Rs 10 per share on 21st November, 2024. “The total dividend for the said period amounts to Rs 53 per equity share of face value of Re 1 each,” it said in a regulatory filing.

Hindustan Unilever Ltd (HUL) on Thursday announced its fiscal fourth quarter earnings with profit at Rs 2,475 crore, posting a decline of 3.36 per cent in comparison to Rs 2,561 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 15,670 crore, up 3.02 per cent as against Rs 15,210 crore posted during the fourth quarter of previous financial year.

Today, majors like Nestle India, SBI Life Insurance Company, Tech Mahindra, Macrotech Developers, SBI Cards & Payment Services, Persistent Systems, MphasiS, LT Technology Services, Hindustan Unilever, Axis Bank, ACC, Cyient, Adani Energy Solutions, and several others are queued up to announce their Q4 numbers.

Greetings! With the fiscal fourth quarter earnings already on and quite a few major companies across the IT and banking sector having released their Q4 numbers. We, at FinancialExpress.com, through this live blog will bring to you all the updates on the key numbers and announcements by these companies. We will also talk about performance expectations from India Inc and varied sectors in the last quarter of the financial year.