New Delhi: Nestle India Ltd, the local unit of the world’s biggest food company, on Monday said its first-quarter profit had increased by 22%.
Net income in the three months ended 31 March rose to Rs108 crore from Rs88.61 crore in the year-earlier period, the New Delhi-based company told the Bombay Stock Exchange.
The company’s revenue for the January-March quarter increased to Rs870 crore from Rs681 crore in the year-ago period.
Shares of Nestle India rose Rs15.40, or 1.6%, to finish at Rs1,007.65 at the end of the day’s trade on the Bombay Stock Exchange.
The earnings were announced after the close of trading.