Profit

Nestle India's Q4 Profit Surges 60%

The company's profit rose to Rs 312 crore in the quarter ended December 31, from Rs 195 crore a year earlier.

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Nestle India's Q4 Profit Surges 60%

Domestic sales rose 10.8% to Rs 2,401 crore in the December quarter.

Nestle India Ltd, maker of Maggi instant noodles and Kit-Kat chocolates, on Wednesday posted a 59.6 per cent rise in fourth-quarter net profit, boosted by higher domestic sales.

Profit rose to Rs 312 crore ($48.68 million) in the quarter ended December 31, from Rs 195 crore a year earlier, the Indian arm of Swiss food group Nestle SA said.

Domestic sales rose 10.8 per cent to Rs 2,401 crore in the quarter and grew about 11.8 per cent on a comparable basis, the company said.
© Thomson Reuters 2018


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