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Shares of Nestle India Jumped 7% after strong Q4 earnings results surpassed market expectations.

Nestle India Q4

Net Profit at ₹1,114 crore vs CNBC-TV18 Poll Of ₹998 crore

Revenue at ₹6,748 crore vs CNBC-TV18 Poll of ₹6,250 crore

EBITDA at ₹1,773 crore vs CNBC-TV18 Poll of ₹1,530 crore

Margin at 26.3% vs CNBC-TV18 Poll of 24.50%

Net Profit up 26%  at ₹1,114 crore vs ₹885.4 crore (YoY)

Revenue up 22.6%  at ₹6,747.7 crore vs ₹5,504 crore (YoY)

EBITDA up 27.6%  at ₹1,771.5 crore vs ₹1,389 crore (YoY)

Margin at 26.30% vs 25.20% (YoY)

Volume Growth In Double-digit

Recorded Double-Digit Volume Growth With Market Share Gain

Rupee at Day’s Low of 93.63/$ against the opening levels

Important inputs used in beverage packaging are now less readily available due to supply disruptions caused by the conflict in West Asia, which has an impact on imports and manufacturing. India’s reliance on foreign suppliers has made things more difficult, and rising metal prices are driving up costs.

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Coffee prices continue to trend lower, supported by a favourable crop in Vietnam

Cocoa prices remain subdued; Milk prices have firmed and are expected to remain elevated

The shares of Birlasoft surged over 3% today, adding to its recent gains.

The shares of Nestlé India have surged to a record high after reporting its Q4 results.

Volume Growth In Double-digit

Recorded Double-Digit Volume Growth With Market Share Gain

Recorded Highest-ever Domestic Sales

Nestle India shares gained 4% reacting to their fourth quarter earnings.

Its net profit was up 26% at Rs 1,114 crore and also above CNBC-TV18 poll of Rs 998 crore.

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Nestle India Q4:

Net Profit At Rs 1,114 Cr Vs CNBC-TV18 Poll Of Rs 998 Cr

Revenue At Rs 6,748 Cr Vs CNBC-TV18 Poll Of Rs 6,250 Cr

EBITDA At Rs 1,773 Cr Vs CNBC-TV18 Poll Of Rs 1,530 Cr

Margin At 26.3% Vs CNBC-TV18 Poll Of 24.50%

Net Profit up 26% At Rs 1,114 Cr Vs Rs 885.4 Cr (YoY)

Revenue up 22.6%  At Rs 6,747.7 Cr Vs Rs 5,504 Cr (YoY)

EBITDA up 27.6%  At Rs 1,771.5 Cr Vs Rs 1,389 Cr (YoY)

Margin At 26.30% Vs 25.20% (YoY)

Bharat Parenterals | US FDA Issues 5 Observation For Arm Innoxel Lifesciences Units, Classifies Unit At VAI

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The shares of Can Fin Homes have risen over 9% in the past month of trading. The company shares rose with other housing finance stocks.

The shares of the state-owned Bank of Maharashtra surged over 5% today, adding to its recent gains, after the company announced its results.

Prestige Estates Projects Ltd.’s shares increased by 3% on Tuesday, April 21, following the company’s announcement that sales of its recently opened residential project, Prestige Golden Grove in Hyderabad, exceeded ₹2,500 crore in just two weeks.

In March, life insurers reported a range of growth trends, with retail segments exhibiting mixed movement and premium collections increasing across significant companies.

The shares of PNB Housing surged over 10% intraday today after the company announced its Q4 results.

The shares of Nelco have surged to over 9% after its results.

The markets have remained in the green; however, they have slipped from the highs of the day.

Khalsa Credit Union, BC, Canada Selects Co To Power Its Next Gen Digital Banking Platform

These are the stocks with a volume movement higher than their 10-day average.

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Reuters, citing a Pakistani source

HPCL On HRRL Fire | Financial & Ops Impact Is Being Assessed; Prima Facie Is Not Expected To Be Material

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