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Nestle India's March quarter profit up 13.5% at Rs525.43 crore
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NEW DELHI : Nestle India Ltd on Tuesday reported a 13.5% jump in net profit for the March quarter at Rs525.43 crore up from Rs462.7 crore it reported in the year ago period.
Revenue from operations during the quarter ended March 31 was up 10.7% at Rs3,325.27 crore from the Rs3,002.9 crore in the year ago period.
The maker of Maggi noodles and Nescafe coffee reported a 10.7% jump in domestic sales for the quarter at Rs3,124.2 crore helped in part by the initial stockpiling of packaged foods during the first phase of India's lockdown.
Export sales increased by 12.9% during the quarter. To be sure, Nestle India follows a January-December year for accounting. “Our company remained resilient in the first quarter, as the numbers indicate, and
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