Nestle India s net profit surges 37 28% at Rs 908 crore in Q3: Best Media Info bestmediainfo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bestmediainfo.com Daily Mail and Mail on Sunday newspapers.
“Upcoming winter weather may impact wheat production. Healthy milk flush is expected in winter which is expected to keep prices stable,” the FMCG major says
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Nestle India reported double-digit growth in domestic sales in the third quarter, reaching a turnover of over Rs 5,000 crore. The company attributed the growth to a combination of mix, volume, and price. Nestle confirmed its full-year outlook of organic sales growth between 7% and 8%.
Fast moving consumer goods major Nestle India Ltd on Thursday said it had closed the second quarter of FY24 with a higher revenue and after tax profit.Declaring a second interim dividend of Rs 140 per share of Rs 10 each, Nestle also said it .
Nestle India has reported a 37% rise in net profit for the September quarter, boosted by strong performance of its core brands including Maggi noodles and KitKat chocolates. The company s total sales grew 9.4% from the previous year, reaching ₹5,009.5 crore. Nestle India also announced its first-ever stock split in a ratio of 1:1.