Nestle India Q3 net profit up 30% to Rs 4.46 bn; sales rises to Rs 29.39 bn

Performance during the quarter got a boost from successful new launches in recent quarters and regaining of market share by Maggi noodles

Food and beverages major Nestle India’s net profit rose 30 per cent, beating the Street’s estimates, to Rs 4.46 billion in the July-September quarter. 

The company’s profit after tax (PAT) stood at Rs 3.43 billion during the corresponding quarter in the last financial year.

Net sales surged to Rs 29.39 billion from Rs 25.14 billion — a growth of 17 per cent — backed by strong broad-based volume growth, the company said in a statement.

Net sales and PAT remained four and eight percentage points higher, respectively, than estimated by market research firm Edelweiss Securities.