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Nestle shares dip 3.5% post Q4 results

The FMCG major reported a decline of 8.66% in its standalone net profit to Rs 167.31 crore

Press Trust of India  |  New Delhi 

The Nestle logo is pictured on the company headquarters entrance building in Vevey, Switzerland
The Nestle logo is pictured on the company headquarters entrance building in Vevey, Switzerland

of today fell by 3.5 per cent after the company reported a decline of 8.66 per cent in standalone net profit for the fourth quarter ended December 2016.

The stock slipped 3.5 per cent to Rs 5,957.20 on



At NSE, of the company dipped 3.35 per cent to Rs 5,962.35.

FMCG major yesterday reported a decline of 8.66 per cent in its standalone net profit to Rs 167.31 crore for the quarter ended December 2016, hit by higher expense and that impacted its domestic sales.

The company, which follows January-December financial year, had posted a net profit of Rs 183.19 crore during the October-December quarter last fiscal.

However, net sales of the company during the quarter under review were up 16.17 per cent to Rs 2,261.28 crore as against Rs 1,946.44 crore in the corresponding quarter last fiscal, said in a filing.

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Nestle shares dip 3.5% post Q4 results

The FMCG major reported a decline of 8.66% in its standalone net profit to Rs 167.31 crore

The FMCG major reported a decline of 8.66% in its standalone net profit to Rs 167.31 crore of today fell by 3.5 per cent after the company reported a decline of 8.66 per cent in standalone net profit for the fourth quarter ended December 2016.

The stock slipped 3.5 per cent to Rs 5,957.20 on

At NSE, of the company dipped 3.35 per cent to Rs 5,962.35.

FMCG major yesterday reported a decline of 8.66 per cent in its standalone net profit to Rs 167.31 crore for the quarter ended December 2016, hit by higher expense and that impacted its domestic sales.

The company, which follows January-December financial year, had posted a net profit of Rs 183.19 crore during the October-December quarter last fiscal.

However, net sales of the company during the quarter under review were up 16.17 per cent to Rs 2,261.28 crore as against Rs 1,946.44 crore in the corresponding quarter last fiscal, said in a filing.
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Business Standard
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Nestle shares dip 3.5% post Q4 results

The FMCG major reported a decline of 8.66% in its standalone net profit to Rs 167.31 crore

of today fell by 3.5 per cent after the company reported a decline of 8.66 per cent in standalone net profit for the fourth quarter ended December 2016.

The stock slipped 3.5 per cent to Rs 5,957.20 on

At NSE, of the company dipped 3.35 per cent to Rs 5,962.35.

FMCG major yesterday reported a decline of 8.66 per cent in its standalone net profit to Rs 167.31 crore for the quarter ended December 2016, hit by higher expense and that impacted its domestic sales.

The company, which follows January-December financial year, had posted a net profit of Rs 183.19 crore during the October-December quarter last fiscal.

However, net sales of the company during the quarter under review were up 16.17 per cent to Rs 2,261.28 crore as against Rs 1,946.44 crore in the corresponding quarter last fiscal, said in a filing.

image
Business Standard
177 22