Global News

[ad_1] Nestle Share Price: Nestle India reported second-quarter earnings above estimates on Thursday, benefitting from price increases and demand for its chocolates and packaged foods, including Maggi noodles. Nestle India reported a net profit of Rs 698.34 crore for the quarter ended on June 30, 2023, a jump of 37 per cent on a year-on-year (YoY) basis. The company had clocked a profit bottomline of Rs 510.24 crore in the same quarter a year ago, the company said in its statement. At 11:50 am, Nestle Ind was trading at Rs 22447.8, up 0.53 per cent from yesterday’s close. Nestle India’s revenue from operations increased about 17 per cent on YoY basis 4,658.5 crore in the June 2023 quarter, which was Rs 4,045.7 crore in the same quarter previous year, the company statement added. The results are in-line with the street’s expectations. “We have delivered a robust performance, with all product groups registering double digit growth. This is the fifth quarter in a row of double-digit

[ad_1] Last Updated: April 25, 2023, 12:09 IST FMCG major Nestle India Ltd on Tuesday reported an increase of 24.69 per cent in its net profit at Rs 736.64 crore for the first quarter ending March 31, 2023. The company, which follows the January-December financial year, had posted a net profit of Rs 590.77 crore in the same period a year ago, Nestle India said in a regulatory filing. Nestle India’s net sales rose 20.43 per cent to Rs 4,808.40 crore during the period under review, as against Rs 3,962.84 crore in the corresponding period last fiscal, the company said. Its total expenses in the January-March quarter were at Rs 3,873.76 crore, up 20.61 per cent, as against Rs 3,211.78 crore in the corresponding period a year ago. Nestle India’s domestic sales were up 21.18 per cent to Rs 4,612.73 crore, as against Rs 3,806.20 crore in the January-March period of 2022. Its exports were up 24.91 per cent to Rs 195.67 crore, as against Rs 156.64 crore in the corresponding quarter a year