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Nestle India reports over two fold jump in Q3 net profit

29 Oct 2016 Evaluate

Nestle India has reported results for third quarter ended September 30, 2016.

The company has reported over two fold jump in its net profit of Rs 269.39 crore for the quarter under review as compared to Rs 124.20 crore for the same quarter in the previous year. Total income of the company increased by 35.68% at Rs 2400.88 crore for the quarter under review as compared to Rs 1769.58 crore for the corresponding quarter previous year.   

Nestle India is a subsidiary of Nestle S.A. of Switzerland. With eight factories and a large number of co-packers, Nestle India is a vibrant company that provides consumers in India with products of global standards and is committed to long-term sustainable growth.

Peers
Company Name CMP
Nestle India 1360.60
Varun Beverages 431.00
Britannia Industries 4917.90
LT Foods 423.40
Hatsun Agro Product 1133.00
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