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Nestle India Q1 net profit up 14.6 per cent on robust domestic sales
During the quarter under review, the company’s revenue from operations stood at ₹3,610.82 crore, up 8.6 per cent.
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| A+A A- By Express News Service
NEW DELHI: Riding on the spike in home consumption, FMCG major Nestle India on Tuesday reported a net profit of Rs 602.25 crore for the quarter ended March 31, up 14.6 per cent, compared to Rs 525.43 crore in the corresponding quarter of the previous fiscal. The maker of Maggi noodles follows the January-December period as the financial year.
During the quarter under review, the company’s revenue from operations stood at ₹3,610.82 crore, up 8.6 per cent. Domestic sales achieved double-digit growth of 10.2 per cent, on a strong growth base in Q1 2020 largely driven by volume and mix. “As the pandemic rages on, the quarter gone by has been another test of resilience of my team and our partners.