MapmyIndia's first-quarter profit grew by 8.6% to 49.7 crore rupees, revenue increased by 14.9%

August 4, 20:49

Rakesh Verma, Chairman and Managing Director of MapmyIndia, noted that fiscal year 27 began with another quarter of profitable growth. He emphasized that the company continues to develop as a leader in India specializing in deep technology digital maps based on artificial intelligence, geospatial software, and IoT location-based solutions.

Rakesh Verma stated that the company's results reflect the consistent strength and competitive advantages of its products, platforms, APIs, and solutions, as well as disciplined execution and growing customer trust in the automotive, enterprise, and government segments.

During this quarter, the company announced the appointment of Rohan Verma as Deputy Managing Director of the firm, effective July 1, 2026, subject to shareholder approval.

business-standard.comJuly 22, 09:46

Nestle India reports 48% net profit growth and 25% revenue increase in the first quarter

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.

First Quarter Financial Results

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.

Management Comments and Sales Growth

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.

Revenue and Expense Breakdown

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.

Sales Dynamics by Segment

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.

Operational Improvements and Stock Performance

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.

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