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Nestle India reports 14 62 per cent rise in its net profit at Rs 602 25 crore

FMCG major Nestle India on Tuesday reported a 14.62 per cent rise in its net profit at Rs 602.25 crore for the March quarter of 2021, driven by an increase in sales volume of its key products. The company, which follows the January-December financial year, had posted a profit of Rs 525.43 crore in the same period a year ago. Net sales were up 8.9 per cent to Rs 3,600.20 crore against Rs 3,305.78 crore in the corresponding period last fiscal, the company said in a BSE filing. According to the company, “Growth was broad-based and largely driven by volume and mix” as “key products boosted by in-home consumption and posted double-digit growth”.

Nestle India Q1 net profit up 14 6 per cent on robust domestic sales

Nestle India Q1 net profit up 14.6 per cent on robust domestic sales During the quarter under review, the company’s revenue from operations stood at ₹3,610.82 crore, up 8.6 per cent. Share Via Email   |  A+A A- By Express News Service NEW DELHI:  Riding on the spike in home consumption, FMCG major Nestle India on Tuesday reported a net profit of Rs 602.25 crore for the quarter ended March 31, up 14.6 per cent, compared to Rs 525.43 crore in the corresponding quarter of the previous fiscal. The maker of Maggi noodles follows the January-December period as the financial year. During the quarter under review, the company’s revenue from operations stood at ₹3,610.82 crore, up 8.6 per cent. Domestic sales achieved double-digit growth of 10.2 per cent, on a strong growth base in Q1 2020 largely driven by volume and mix. “As the pandemic rages on, the quarter gone by has been another test of resilience of my team and our partners.

Booster shot: India Inc plans Covid-19 jabs for staff, families

Booster shot: India Inc plans Covid-19 jabs for staff, families Our Bureau New Delhi/Mumbai | Updated on April 21, 2021 Companies feel that there is a need for more clarity on availability, pricing of vaccines   -  MURALI KUMAR K Companies feel that there is a need for more clarity on availability, pricing of vaccines   -  MURALI KUMAR K× To help employees as vaccination is not covered, as part of the health insurance, under OPD policy Following the Centre’s decision to allow partial sale of the Covid-19 vaccines in the open market, India Inc has started chalking out plans to get its staff and their immediate families inoculated against the novel coronavirus.

Nestle India Ltd reports jump in net profit to Rs 602 25 crore in Q1CY21

Nestle India Ltd reports jump in net profit to Rs 602 25 crore in Q1CY21
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Nestle India Q1 net profit up 15% to Rs 602 cr; total sales rise 8 9%

Food and beverages major Nestle India on Tuesday reported a 14.6 per cent year-on-year growth in its net profit at Rs 602 crore for the quarter ending March, 2021. It was Rs 525 crore in the year-ago period. The company follows a January to December financial year. Total sales increased by 8.9 per cent during the quarter, while domestic sales rose by 10.2 per cent, mainly driven by volumes. Its revenue from operations during the quarter came in at Rs 3,610.8 crore, up 8.6 per cent from Rs 3,325 crore in the same period last year. “As the pandemic rages on, the quarter gone by has been another test of resilience of my team and our partners. I feel incredibly privileged to lead a team who faced with serious challenges, persevered regardless, to deliver double digit growth over a strong comparable in 2020. It is tribute to the commitment of the team to serve consumers as best as we could during the pandemic, said Suresh Narayanan, Chairman and Managing Director of Nestle India

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