Nestle India Q4 results: The FMCG giant reported a net profit of Rs 934 crore for the three months ended March 31, 2024 (Q4 FY24), a jump of 26.73 per cent from Rs 737 crore a year earlier.
Nestle India Chairman and Managing Director Suresh Narayana said that the company's existing businesses, ranging from nutrition, breakfast cereals and beverages to chocolate and confectionery, have "headroom for penetration".
The Maggi Noodles crisis in 2015 emerged as one of the biggest public relation hurdles for Nestle India, which came under fire after laboratory tests found the popular two-minute instant noodles were unsafe and hazardous for human consumption.