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Recent moves by Nestle India in this direction have included expanding its Munch chocolate franchise with fruits and nuts, a spinach-infused Maggi noodles variant and health drink Milo with nine micronutrients.
Among other support programmes, Indias largest packaged foods company, which makes Nescafe, Maggi and KitKat, has collaborated with Apollo Hospitals for isolation rooms for employees, and with International SOS for medical Covid-19 support.
Q1CY21 Result Update - Nestlé India - ICICI Direct equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
April 20, 2021
Domestic sales rise 10.2 per cent driven by volume and mix
Nestle India reported a net profit of ₹602.25 crore for the quarter ended March 21, up 14.6 per cent, compared to ₹525.43 crore in the corresponding quarter of the previous fiscal.
The company follows the January-December period as the financial year. In the quarter under review, the company’s revenue from operations stood at ₹3,610.82 crore, up 8.6 per cent.
The company’s board declared an interim dividend of ₹25 per equity share (face value ₹10 per equity share) for 2021 amounting to ₹241 crore which shall be paid on and from May 19, along with the final dividend for the year 2020, it added.