Nestle India s net profit rises 10.7% to Rs 538.6 crore in June quarter
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Last Updated: Jul 29, 2021, 07:57 AM IST
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Total and domestic sales for the quarter increased by 13.8% and 13.7% respectively, on a base impacted by Covid-19 induced lockdowns with production disruptions across factories, it said, adding that domestic sales growth was driven by volume and mix.
Agencies
Nestle India reported 10.7% year-on-year increase in net profit to Rs 538.6 crore for the quarter ended June 2021, marginally below street estimates. The maker of Maggi noodles and Nescafe coffee said in a stock exchange filing that its revenue increased 14% at Rs 3,476 crore for the quarter under consideration, which was marked by the intense second Covid-19 wave.
India
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Nestle
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சுரேஷ்-நாராயணன்
கூடு
கூடு-இந்தியா
Container shortage and high freight likely to affect India’s agricultural exports
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Cheaper Indian rice saw much demand from Middle East during the pandemic due to problems in rice production of countries like Thailand and Vietnam and helped increase Indian rice exports during the ongoing fiscal.
Cheaper Indian rice saw much demand from Middle East during the pandemic due to problems in rice production of countries like Thailand and Vietnam and helped increase Indian rice exports during the ongoing fiscal.
Ocean freight has doubled and trebled because of a severe shortage of containers and delays have started affecting India’s export of major agricultural products like rice, grapes, cotton as also engineering goods. A decline in containers coming from China due to fall in imports from that country has boosted container shortages.
China
Vietnam
Republic-of
Kakinada
Andhra-pradesh
India
Thailand
Chennai
Tamil-nadu
Vilas-shinde
Vivek-kaul
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