Nestle India Q1 net profit up 15% to Rs 602 cr; total sales rise 8.9%

Its revenue from operations came in at Rs 3,610.8 crore, up 8.6 per cent from Rs 3,325 crore in the same period last year

Food and beverages major Nestle India on Tuesday reported a 14.6 per cent year-on-year growth in its net profit at Rs 602 crore for the quarter ending March, 2021. It was Rs 525 crore in the year-ago period.

The company follows a January to December financial year. Total sales increased by 8.9 per cent during the quarter, while domestic sales rose by 10.2 per cent, mainly driven by volumes. 

Its revenue from operations during the quarter came in at Rs 3,610.8 crore, up 8.6 per cent from Rs 3,325 crore in the same period last year.

“As the pandemic rages