look news india
New Delhi, 25 July (HS). Nestle India Limited, a company of packaged food items for daily use, has announced the results of the April-June quarter. In the April-June quarter, the company's profit has jumped 6.9 percent to Rs 746.60 crore. In the same period last year, the company had a net profit of Rs 698.34 crore.
Nestle India told the stock market on Thursday that the company's net profit during the April-June quarter has increased by 6.9 percent to Rs 746.60 crore. The company's profit in the April-June quarter last year was Rs 698.34 crore. Nestle India's income from product sales also increased by 3.75 percent to Rs 4,792.97 crore, which was Rs 4,619.50 crore in the same quarter last year.
The company said that its total expenditure in the April-June quarter increased by 2.7 percent to Rs 3,844.01 crore. In the April-June quarter, Nestle India's domestic sales also increased by 4.24 percent to Rs 4,608.50 crore, which was Rs 4,420.77 crore in the same period last year. During this period, its total income increased by 3.64 percent to Rs 4,853.07 crore.
It is worth mentioning that Nestle India Limited is the Indian subsidiary of Swiss company Nestle, which is a multinational company. Its headquarters is located in Gurgaon, Haryana. The company's major products mainly include food, beverages, chocolate and confectionery.