Nestle India Q1 net up 22 pc at Rs 108 cr
Nestle India on Monday posted 22.39 per cent increase in net profit at Rs 108.45 crore for the quarter ended March 31, as compared to Rs 88.61 crore for the same quarter last year.
By PTI |
MUMBAI: Nestle India on Monday posted 22.39 per cent increase in net profit at Rs 108.45 crore for the quarter ended March 31, as compared to Rs 88.61 crore for the same quarter last year.
The total income (net of excise) of the company grew 27.76 per cent to Rs 870.03 crore for the quarter ended March 31, from Rs 680.96 crore for the corresponding quarter a year ago, the company informed the Bombay Stock Exchange.
"The extensive work done in innovation and renovation in particulars in the area of nutrition, health and wellness and the setting of appropriate structures is now reflecting in our performance," commenting on the results Nestle India Chairman and Managing Director Martial Rolland said.
While we are in a better position to accelerate our growth, the environment continues to be challenging especially on the price of commodities and white collar costs. Various initiatives are undertaken to mitigate them, Martial Rolland added.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
