The maker of Maggi Noodles had reported a net profit of Rs 437.8 crore in the same quarter a year ago. Analysts had expected the company to post a net profit of Rs 502 crore.
Total sales came in at Rs 3,041.5 crore, compared with Rs 2,982.8 crore a year ago.
Nestle India said while its total sales increased by 2 per cent, domestic sales increased by 2.6 per cent and export sales declined by 9.3 per cent.
It said sales were adversely impacted due to the Covid-19 induced lockdown leading to production disruption across factories.
It said its profit after tax and earnings per share have been positively impacted by the lower tax rates.
It said its profit after tax and earnings per share have been positively impacted by the lower tax rates.
Nestle India Stock Price Past 1 year
(Source www.nseindia.com)
Nestle India Stock Price Past 5 years
(Source www.nseindia.com)
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