 "Nestle India Q3 net profit dips marginally to Rs 587 cr; sales rise 10%")
FMCG major Nestle India Ltd on Friday saw its net profit dipping marginally by 1.37 per cent to Rs 587.09 crore in the third quarter ended September 2020.
The company, which follows January-December financial year, had posted a profit of Rs 595.27 crore in the July-September quarter a year ago, Nestle India said in a BSE filing.
The company, which follows January-December financial year, had posted a profit of Rs 595.27 crore in the July-September quarter a year ago, Nestle India said in a BSE filing.
Its net sales were up 10.19 per cent at Rs 3,525.41 crore during the period under review as against Rs 3,199.31 crore in the corresponding quarter of the last fiscal, the company said.
Nestle India's domestic sales in July-September moved up 10.23 per cent to Rs 3,350.10 crore as against Rs 3,039.09 crore in the year-ago period.
Exports rose 9.41 per cent to Rs 175.31 crore as against Rs 160.22 crore.
Its total expenses were up 8.44 per cent at Rs 2,789.67 crore as against Rs 2,572.52 crore.
Shares of Nestle India on Friday settled at Rs 15,863.00 on the BSE, down 0.30 per cent from the previous close
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%