Nestle India Dec quarter profit flat, sales up 9% on strong domestic show

While its domestic business, which makes up over 90% of its topline, grew 10.1%, exports declined 7.7% during the quarter

Food and beverages major Nestle India reported a marginal rise in net profit for the October-December quarter. The firm's profit after tax rose 0.2 per cent year-on-year to Rs 483.3 crore from Rs 472.6 crore in the corresponding quarter previous year. 

Its net sales surged 9.2 per cent to Rs 3,418 crore from Rs 3,131 crore backed by strong offtake in the domestic market. While its domestic business, which contributes over 90 per cent towards its topline, grew 10.1 per cent, exports declined by 7.7 per cent during the quarter. 

Nestle, which follows a calendar year format, also declared its