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Nestle India Q2 profit rises 10% to Rs263 crore

LiveMint logoLiveMint 26-07-2017 Vishal Sridhar

Bengaluru: Noodles-to-chocolates maker Nestle India Ltd said on Wednesday profit rose about 10% in its fiscal second quarter, helped by new product launches and a revamp of its popular Maggi noodles brand.

Profit rose to Rs263 crore ($40.87 million) in the quarter ended June 30, from Rs240 crore a year earlier, the Indian unit of packaged foods giant Nestle SA said.

Domestic sales rose 8.8% to Rs2,321 crore in the quarter, it said. Reuters

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