Nestle India reports 19% fall in Q1 net profit

Nestle India has reported results for the first quarter ended March 31, 2016.

The company has posted a fall of 19.13% in its net profit at Rs 259.00 crore for the quarter ended March 31, 2016 as compared to Rs 320.28 crore for the same quarter in the previous year. Total income of the company has decreased by 8.05% at Rs 2337.31 crore for quarter under review as compared to Rs 2541.95 crore for the quarter ended March 31, 2015.

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 and shareholder satisfaction.