Profit

Nestle India Posts Rs 342 Crore Profit In December Quarter

Profit came in at Rs 342 crore ($48.11 million) in the three months ended December 31, compared with Rs 312 crore a year earlier.

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Nestle India Posts Rs 342 Crore Profit In December Quarter

Nestle India, a unit of Swiss food group Nestle SA, reported a 9.6 per cent rise in fourth-quarter profit on Thursday, driven by strong demand for its products in its home market.

Profit came in at Rs 342 crore ($48.11 million) in the three months ended December 31, compared with Rs 312 crore a year earlier.

Revenue from operations grew 11.4 per cent to Rs 2,897 crore, the maker of Maggi instant noodles said. Sales in the domestic market climbed 12 per cent.

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