Performance during the quarter got a boost from successful new launches in recent quarters and regaining of market share by Maggi noodles
To start selling portable coffee maker in the country next month
Nestle India's total expenses were up 1.49 per cent to Rs 21.63 billion as against Rs 21.31 billion in the same quarter a year ago
The stock slipped 5% to Rs 10,209 on the BSE in noon deal on profit booking after the company reported 50% jump in its net profit at Rs 3.95 billion in June quarter.
Nestle India had reported a better than expected 38 per cent year-on-year (y-o-y) growth in net profit at Rs 4.24 billion in the March quarter
With Rs 1.01 trillion market cap, Nestle India stands at 28th position in overall market-cap ranking at 11:23 am; the BSE data shows.
Volume-led growth, benign input costs and a strong pipeline have made it the second-best performing FMCG stock in 2018
The India Meteorological Department (IMD) has predicted an average monsoon this year, which has already hit the Indian coast
Nestle India Chairman and MD Suresh Narayanan shares his thoughts with BS about Nestle's opportunities and challenges
The stock hit a new high of Rs 9,610, up 7% on the BSE, outperformed the market by surging 37% in past three months, against 4% rise in the Sensex.
The company, which follows January-December financial year, had posted a profit of Rs 3.11 billion in the same period a year ago, Nestle India said in a BSE filing.
Nestle is among the leading players in breakfast cereals through CPW, competes with the likes of Kellogg's and PepsiCo (Qaker Oats) globally
Nestle reported a 4.7 per cent sales growth for the Asia, Oceania, and Sub-Saharan African region for the January-March (2018) period, which was the highest among its three zones
Milk products and nutrition, the largest category that contributes nearly 47.6% to the company's top line, grew 1.6%
Since February 9, 2018, the stock of packaged foods company has outperformed the market by surging 16% after reported a healthy 59% YoY growth in net profit in December quarter.
Company sets up local teams to aid sales push, quicken marketing and feedback
Incremental market share gains in noodles, chocolates pose a challenge
The stock surged 5% to Rs 7,645 on the NSE after the company reported 59.5% YoY growth in net profit at Rs 3,118 million in December 2017 quarter.
Nestle aims to shed the 'food and beverages company' tag
Nestle shares settled 0.30 per cent lower at Rs 7,680.35 on BSE.