Nestle Q1 net profit up 9.25% at Rs 463.28 crore; Check other key details

FMCG major Nestle India Tuesday reported a 9.25 per cent rise in profit to Rs 463.28 crore for the first quarter ended March 31, 2019. The company, which follows January-December financial year, had posted a profit of Rs 424.03 crore in the same period a year ago. Nestle also announced plans to launch organic food products in the category 'milk products and nutrition' in the coming months. 

Total income in the quarter stood at Rs 3,076.14 crore. It was Rs 2,813.6 crore in the corresponding period last year, Nestle India said in a BSE filing.

Nestle said total sales increased by 9 per cent during the quarter under review. Domestic sales increased by 10.2 per cent supported by higher volumes.

TRENDING NOW

Honda delivers 200 units of Honda Elevate SUV in Chennai in one single day

Vivo T2 Pro 5G Review: Designed for powerful performance

Rozgar Mela: PM Narendra Modi to distribute about 51,000 appointment letters on Tuesday

Amazon Great Indian Festival Sale 2023 likely to begin soon; discounts, exchange and bank offers, and more

Mankind Pharma, SpiceJet, Orient Bell: Stocks to watch out for on Tuesday

Flipkart Big Billion Days Sale: Credit card, Paytm offers on Mobile phones and more

Google unveils new subsea cable system to boost internet infrastructure

A housing finance stock may be preparing to extend a rally that began in late March

BIS developing standard on paraffinic green diesel

"Participate in the Chandrayaan 3 Maha Quiz on MyGov.in," ISRO Chief S Somnath

Digikore Studios IPO hits D-Steet: Listing date, issue price, other key details to know

Updater Services IPO hits D-Street: Issue price, listing date, other key details

Strides Pharma to demerge CDMO, soft gelatin business into separate entity

Karnataka Bank shares get a boost after lender approves raising up to Rs 1,500 crore via QIP

Demat accounts grow 26% to 12.7 crore in August

Export sales during the quarter dropped by 8.9 per cent due to lower coffee exports to Turkey, it added.

"We have continued on the track of volume led growth with our iconic brands like Maggi, Kitkat and Nestle Munch delivering strong performances.

"The market momentum remained strong, while the input costs have witnessed hardening...In line with our vision to provide exciting options rooted in nutrition, health and wellness, we will be launching organic food products in the category 'milk products and nutrition' in the coming months," Nestle India Chairman and Managing Director Suresh Narayanan said.

Shares of Nestle settled 0.99 lower at Rs 10,214.70 apiece on the BSE.