Nestle India Q1 profit rises 11% to Rs 486.60 cr; net sales up 1.96%

Nestle India's domestic sales rose 2.55 per cent to Rs 2,907.74 crore in April-June quarter as against Rs 2,835.37 crore a year ago

FMCG major Nestle India Ltd on Tuesday reported a 11.14 per cent increase in net profit at Rs 486.60 crore for the quarter ended June 2020, helped by increase in sales.

The company, which follows January-December financial year, had posted a profit of Rs 437.79 crore in the same quarter a year ago, Nestle India said in a BSE filing.

Its net sales rose 1.96 per cent to Rs 3,041.45 crore during the quarter under review from Rs 2,982.83 crore in the corresponding period of last fiscal.

Commenting on the results, Nestle India Chairman and Managing Director Suresh Narayanan said, "The past three