Nestle India pre-tax profit up 12.4% to Rs 787 cr in September quarter

Weathering impact of localised lockdowns, it managed to grow its net sales by 10.2 per cent during the quarter to Rs 3,525 crore

Beating street estimates, fast moving consumer goods (FMGC) major Nestle India reported a 12.4 per cent growth in its profit before tax (PBT) for the July-September quarter. The Gurgaon-headquartered firm posted Rs 787 crore PBT, compared to Rs 700 crore in the corresponding quarter last year.

Weathering the impact of localised lockdowns, it managed to grow its net sales by 10.2 per cent during the quarter to Rs 3,525 crore from Rs 3,199 crore. Both its domestic sales (over 95 per cent of the total sales) and exports grew at the same pace.

According to the firm, demand in 'out