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Nestle India gains 2%, nears 52-week high on strong Q3 revenue growth

The stock of packaged foods company quoted higher for the seventh straight trading day and has rallied 9 per cent during the period.

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Nestle India

SI Reporter Mumbai
Shares of Nestle India were up 2 per cent at Rs 20,130 on the BSE in Thursday’s intra-day trade in an otherwise subdued market after the FMCG major reported strong revenue growth of 18.2 per cent YoY to Rs 4,567 crore in July-September quarter (Q3CY22) led by Maggi noodles, Milkmaid & Nescafe classic.

The stock of packaged foods company quoted higher for the seventh straight trading day and has rallied 9 per cent during the period. The stock traded near its 52-week high of Rs 20,200, which it touched on November 20, 2021. In comparison, the S&P BSE Sensex

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First Published: Oct 20 2022 | 10:59 AM IST

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