Nestle India profit rises 9.2% in Q1 to Rs 463 crore, total sales up 9%

Nestle India's domestic sales, which form over 90 per cent of its net sales, witnessed a 10.2 per cent rise with strong volume growth

Nestlé India on Tuesday reported a 9.2 per cent rise in net profit in the January-March quarter. The firm’s net profit rose to Rs 463 crore from Rs 424 crore in the corresponding period last year.
 
The food and beverages major’s net sales grew 9 per cent — backed by double-digit volume growth in the domestic market — to Rs 2,983 crore from Rs 2,737 crore year-on-year.
 
Nestlé India’s domestic sales, which form over 90 per cent of its net sales, witnessed a 10.2 per cent rise with strong volume growth. This uplifted its finances during the quarter.