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Nestle India Q3 profit climbs 23 percent as domestic sales rise


REUTERS - Noodles-to-chocolates maker Nestle India Ltd posted a 23 percent rise in third-quarter profit on Friday, buoyed by higher domestic sales.Profit rose to 3.43 billion rupees ($52.64 million) in the quarter ended Sept. 30, from 2.78 billion rupees a year earlier, the Indian unit of packaged food giant Nestle SA said. sales rose 3.7 percent to 23.41 billion rupees in the third quarter, and grew about 9.1 percent on a comparable basis, the company said.($1 = 65.1600 rupees) (Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Amrutha ...

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First Published: Fri, November 10 2017. 18:30 IST