Home World Business Nestle India fourth-quarter profit up 60 percent

Nestle India fourth-quarter profit up 60 percent

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Reuters  Last Updated at February 14, 2018 17:35 IST

(Reuters) – Nestle India Ltd, maker of instant and Kit-Kat chocolates, on Wednesday posted a 59.6 percent rise in fourth-quarter net profit, boosted by higher domestic sales.

Profit rose to 3.12 billion rupees ($48.68 million) in the quarter ended Dec. 31, from 1.95 billion rupees a year earlier, the Indian arm of Swiss group said. http://bit.ly/2EqTlfo

Domestic sales rose 10.8 percent to 24.01 billion rupees in the quarter and grew about 11.8 percent on a comparable basis, the company said.

($1 = 64.0875 Indian rupees)

(Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Vyas Mohan)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 14 2018. 17:28 IST

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