Nestle Q1 up 6.8% at Rs 307 crore

Source: The Hitavada      Date: 13 May 2017 08:32:24


May 12,


FMCG major Nestle India on friday reported an increase of 6.76 per cent in net profit to Rs 306.76 crore for the first quarter this year, driven by volume growth across products including Maggi noodles. The company, which follows January-December period as financial year, had posted a net profit of Rs 287.32 crore for the March quarter of last fiscal.

Its net sales during the quarter under review were at Rs 2,575.74 crore, up 9.10 per cent as against Rs 2,360.80 crore a year ago, Nestle said in a BSE filing. Domestic sales moved up 9.74 per cent to Rs 2,409.34 crore as against Rs 2,195.46 crore in the corresponding period a year earlier.