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New Delhi, Oct 16 (PTI) Shares of Nestle India Ltd on Thursday jumped nearly 5 per cent after the FMCG major's revenue increased 11 per cent in the September quarter, marking the highest sales ever recorded in any quarter. The stock surged 4.50 per cent to Rs 1,276.55 on the BSE. During the day, it jumped 5.28 per cent to Rs 1,286.10. At the NSE, shares of the firm climbed 4.75 per cent to Rs 1,279.50. Nestle India Ltd on Thursday reported a 17.37 per cent decline in consolidated net profit t ...Read More >
Oct 16 (Reuters) - Nestle India (NEST.NS), opens new tab posted a marginal increase in second-quarter profit on Thursday, benefiting from improving urban demand for items such as Maggi noodles and Nescafe coffee, sending its shares up about 5% to a one-year high. The Indian arm of Swiss food major Nestle (NESN.S), opens new tab said profit before exceptional items and tax edged up to 10.29 billion rupees ($117.07 million) for the September quarter. It had booked a one-off gain of 2.91 billion ...Read More >
Mumbai, Oct 16 (SocialNews.XYZ) Nestle India, the country's leading FMCG company, on Thursday reported a 17 per cent decline in its consolidated net profit for the July-September quarter of current financial year (Q2 FY26), posting Rs 743 crore compared to the same period last fiscal (Q2 FY25). Despite the fall in profit, the company's revenue from operations grew 11 per cent year-on-year (YoY) to Rs 5,643 crore. Expenses during the quarter rose 13 per cent to Rs 4,617 crore. Nestle India's EB ...Read More >
Nestle India Q2 FY26 Results: Maggi and instant foods maker Nestlé India Ltd. reported its Q2FY26 earnings on Thursday, October 16, posting its highest-ever domestic sales in a quarter. Domestic sales grew in double digits, with three of its four product groups showing strong volume-led growth, although, the company posted 28 per cent decline in profit. Revenue Performance Nestlé India posted consolidated revenue of Rs 5,285 crore, up 3.5 per cent from Rs 5,104 crore in Q2FY25, in line with an ...Read More >
NEW DELHI: Suresh Narayanan, Nestle India's outgoing CMD, in a message to his successor Manish Tiwary, said, "Crisis is the new normal" and "Adversity is the only thing that does not change." Narayanan, who took over as the company's CMD in 2015, is recognised for rejuvenating the company's flagship brand Maggi, after it was banned and faced a backlash.Talking about the company's performance, Narayanan said, "Commodity inflation, which impacted volume growth in the last few quarters, is coming d ...Read More >
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