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Feb 14, 2018 06:58 PM IST | Source: Moneycontrol.com

Nestle India Q4 profit up 60% at Rs 312 cr

Profit rose to 3.12 billion rupees (USD 48.68 million) in the quarter ended Dec. 31, from 1.95 billion rupees a year earlier, the Indian arm of Swiss food group Nestle SA said.

 
 
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Nestle India Limited, maker of Maggi instant noodles and Kit-Kat chocolates, on Wednesday posted a 59.6 percent rise in fourth-quarter net profit, boosted by higher domestic sales.

Profit rose to 3.12 billion rupees (USD 48.68 million) in the quarter ended Dec. 31, from 1.95 billion rupees a year earlier, the Indian arm of Swiss food group Nestle SA said.

Domestic sales rose 10.8 percent to 24.01 billion rupees in the quarter and grew about 11.8 percent on a comparable basis, the company said.

 
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