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Nestlé has invested Rs 1,000 cr of its Rs 2,600 cr commitment to India: Suresh Narayanan
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Nestle India net profit rises 10 68% to ₹538 5 crore in June quarter
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Maggi pushes its âMasala-ae-Magicâ as a secret ingredient-in-chief for mealsÂ
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Lately, the brand has been pushing its non-noodle offering to the front.
That Maggi is a lot more than its 2-minute noodles is a hard fact to digest for many. Such has been the power of its various noodle offerings. Yet, knowingly or unknowingly, we tend to consume various other non-noodle offerings under the Maggi umbrella.
The Nestle snack has just released an ad for Maggi Masala-ae-Magic, a cooking aid made of 10 roasted spices. The ad sums up how Masala-ae-Magic plays a pivotal flavouring role in dishes, such as
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.
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| 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.
April 20, 2021
Domestic sales rise 10.2 per cent driven by volume and mix
Nestle India reported a net profit of ₹602.25 crore for the quarter ended March 21, up 14.6 per cent, compared to ₹525.43 crore in the corresponding quarter of the previous fiscal.
The company follows the January-December period as the financial year. In the quarter under review, the company’s revenue from operations stood at ₹3,610.82 crore, up 8.6 per cent.
The company’s board declared an interim dividend of ₹25 per equity share (face value ₹10 per equity share) for 2021 amounting to ₹241 crore which shall be paid on and from May 19, along with the final dividend for the year 2020, it added.
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