Nestle India, a major player in the FMCG sector, reported significant growth in its figures for the June quarter of the current fiscal year. The company recorded a year-on-year growth in consolidated net profit of 48.26 percent, reaching ₹958.68 crore.
According to regulatory filings, in the corresponding period last fiscal year, the company showed a consolidated net profit of ₹646.59 crore. In the first quarter of FY27, Nestle India's revenue from product sales increased by 25.4 percent, amounting to ₹6,363.27 crore, compared to ₹5,073.96 crore the previous year.
Manish Tiwari, Chairman and CEO, noted that the strong quarter was driven by a 25.4 percent sales increase, which was attributed to higher sales volumes. He emphasized that sustained consumer trust in the company's brands and focus on execution allowed these results to be achieved. Despite ongoing geopolitical difficulties, exports demonstrated a growth of 35.6 percent.
Nestle India's total revenue in the first quarter of FY27 reached ₹6,400.65 crore, which is 25.5 percent higher than the figure in the same period last year (₹5,100.33 crore). Meanwhile, the company's total expenses in the quarter under review increased by 20.71 percent, totaling ₹5,070.03 crore.
Nestle India's domestic sales grew by 25 percent, reaching ₹6,073.05 crore in the June quarter of FY27, compared to ₹4,860.01 crore in the previous fiscal year. The company's export revenue increased by 35.64 percent, amounting to ₹290.22 crore. Nestle India's earnings report indicated that all four product groups showed confident double-digit growth, supported by high double-digit growth across all channels.
According to Tiwari, during the quarter, Nestle India continued to accelerate operational cost savings and increase investments in its brands, with advertising expenses rising by more than 40 percent. The EBITDA margin stood at 24.2 percent. At the same time, Nestle India shares were trading on BSE in the morning at ₹1,497.80, which was 3.08 percent higher than the previous day's close.
Rallis India Ltd, a company engaged in the agricultural resources sector, reported a 31 percent increase in net profit for the period from April to June, amounting to 125 crore rupees, due to increased revenue.
In the same period last year, the company's net profit was 95 crore rupees. According to regulatory filings submitted on Monday, total revenue for the first quarter of the current fiscal year reached 1035 crore rupees, compared to 969 crore rupees in the corresponding period of the previous year.
Gyandendra Shukla, Managing Director and CEO of Rallis India, noted that the company demonstrated stable results in the first quarter of the fiscal year 27. He attributed this to 'focused execution across all business verticals, improved profitability, and continuous investments in strengthening our portfolio and capabilities.'
Rallis India Ltd is a subsidiary of Tata Chemicals Ltd and is part of the Tata Group, which has a valuation exceeding $180 billion. The company's operations cover the segments of seeds, crop care, soil health, and plant health.
The public sector bank Union Bank of India reported a significant increase in its net profit for the first quarter of the fiscal year 2027 (Q1FY27), which ended in June 2026. The company's profit reached 5,332 crore rupees, representing a 29.5% growth compared to 4,116 crore rupees in the same period last year. This growth was driven by a healthy increase in core income and a reduction in operating expenses.
The bank's Net Interest Income (NII) increased by 10.1% year-on-year in Q1FY27, amounting to 10,037 crore rupees versus 9,113 crore rupees the previous year. Meanwhile, the Net Interest Margin (NIM) improved to 2.80%, up from 2.76% in the previous year. Non-interest income grew by 2.6% year-on-year to 4,603 crore rupees, but sequentially declined by 15% compared to the March quarter (4,486 crore rupees).
Within the non-interest income structure, fee-based income showed significant growth, increasing by 45% year-on-year to 3,215 crore rupees (compared to 2,218 crore rupees). This figure remained relatively stable compared to the previous quarter, increasing by only 0.2% (to 3,209 crore rupees). Concurrently, treasury income sharply fell by 54.5% year-on-year, reaching 645 crore rupees (compared to 1,418 crore rupees), although it showed a slight increase of 1.4% compared to the previous quarter (636 crore rupees).
Regarding asset quality, the Gross Non-Performing Assets (GNPA) ratio improved to 2.65% as of June 2026, down from 3.52% a year earlier. The Net NPA ratio decreased to 0.47% from 0.62%. Furthermore, the slippage ratio improved to 0.82% compared to 0.99% last year.
The total volume of global loans grew by 12.5% year-on-year, reaching 10.96 trillion rupees from 9.74 trillion rupees. Internal loans increased by 13.1% to 10.61 trillion rupees, and retail loans grew by 12.1% to 2.57 trillion rupees (from 2.29 trillion rupees). The loan volume in the Retail, Agriculture, and MSME (RAM) segments expanded by 11.6% to 6.08 trillion rupees.
On the liability side, global deposits increased by 3.5% year-on-year, reaching 12.83 trillion rupees (from 12.40 trillion rupees). Internal deposits also grew by 3.5% to 12.83 trillion rupees. The domestic Current Account Savings Account (CASA) ratio improved to 35.10% from 32.52%, and CASA deposits themselves increased by 12.5% year-on-year, totaling 3.76 trillion rupees (compared to 3.34 trillion rupees).
The public sector bank Indian Bank, based in Chennai, announced a 10% increase in net profit for the first quarter of the current fiscal year, reaching INR 3,273 crore. In the same quarter of the previous fiscal year, the profit was INR 2,973 crore.
According to the report submitted to the regulator, the bank's total income for the June quarter of 2026-27 increased to INR 20,724 crore compared to INR 18,721 crore in the corresponding period of FY 26. Interest income also improved, amounting to INR 18,090 crore versus INR 16,283 crore a year earlier.
Net Interest Income (NII) grew by 17%, reaching INR 7,435 crore compared to INR 6,359 crore in the June quarter of FY 26. Furthermore, the bank's operating profit rose to INR 5,557 crore from INR 4,770 crore recorded in the same quarter last year.
The bank demonstrated an improvement in asset quality: Gross Non-Performing Assets (NPA) decreased to 1.86% of total loans by the end of June, down from 3.01% a year earlier. Similarly, Net NPAs, or bad loans, reduced to 0.15% compared to 0.18% in the previous year.
As a result of these changes, provisions for bad loans were reduced to INR 376 crore in the first quarter, down from INR 387 crore a year ago. The Provision Coverage Ratio (PCR) remained unchanged at 98.2% during the quarter.
The Return on Assets (ROA) improved to 1.34% for June 2026, whereas it was 1.03% in June 2025. Meanwhile, the bank's capital adequacy ratio decreased to 17.80% from 17.99% in the same quarter of FY 26.
