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Nestle India gains 7% in two days post September quarter results

The board has declared an interim dividend for 2020 of Rs 135 per equity share amounting to Rs 1,302 crore

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SI Reporter Mumbai
Shares of Nestle India gained 5 per cent to Rs 17,023 on the BSE on Tuesday. The stock has risen 7 per cent in the past two trading days after the company reported stronger-than-expected recovery with double-digit sales growth for the quarter ended September 2020 (Q3CY20). The board has declared an interim dividend for 2020 of Rs 135 per equity share amounting to Rs 1,302 crore, which will be paid on and from November 20, 2020.

The packaged foods company’s total sales and domestic sales both increased by 10.2 per cent, driven by volume and mix. Export sales increased

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First Published: Oct 27 2020 | 11:25 AM IST

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