Nestle India rose 2.88% to Rs 9815.15 at 09:31 IST on BSE after net profit rose 30% to Rs 446.11 crore on 17.57% rise in total income to Rs 3006.39 crore in Q3 September 2018 over Q3 September 2017.
The result was announced after market hours on Friday, 26 October 2018.Meanwhile, the S&P BSE Sensex was up 142.12 points, or 0.43% to 33,491.43
On the BSE, 1,872 shares were traded in the counter so far compared with average daily volumes of 8,666 shares in the past two weeks. The stock had hit a high of Rs 9,840.05 and a low of Rs 9,615.05 so far during the day.
Commenting on the results, Suresh Narayanan, Chairman and Managing Director, Nestle India said, the quarter has witnessed another strong performance as it continues to deliver broad based volume driven growth. The company is witnessing headwinds in commodity and crude oil prices coupled with currency depreciation
Nestle India is a subsidiary of Nestle S.A. of Switzerland. Nestle is the world's largest food and beverage company. It has more than 2000 brands ranging from global icons to local favourites.
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