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Nestle India net profit declines 4.3% to Rs 515.3 cr in April-June qtr

Nestle India, which makes Maggi noodles, KitKat chocolate, sees 'early signs of softening' in sale of some commodities

Nestle India set to replace Indiabulls Housing in Nifty next month
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The company’s e-commerce channel sustained growth despite a higher base from Covid-related tailwinds in Q2 2021 and contributed 6.4 per cent to the quarterly sales.

Sharleen D'Souza Mumbai
Nestle India on Thursday reported a net profit of Rs 515.3 crore in the April-June quarter, down 4.3 per cent from last year. The consumer goods firm’s revenue from operations was Rs 4,036.6 crore, up 16.1 per cent.

“The growth is broad based and while being primarily driven by pricing, [it] has a healthy underlying volume and mix evolution. I am also happy to share that the ‘out of home’ space got back to accelerated growth in channels like hotels, education centres and workplaces,” said Suresh Narayanan, chairman and managing director of Nestle India, which makes Maggi noodles and KitKat

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First Published: Jul 28 2022 | 1:41 PM IST

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