Nestle India dips on reporting 19% fall in Q1 net profit

Nestle India is currently trading at Rs. 6106.05, down by 22.45 points or 0.37% from its previous closing of Rs 6128.50 on the BSE.

The scrip opened at Rs. 6135.00 and has touched a high and low of Rs. 6174.00 and Rs. 5994.10 respectively. So far 2591 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7327.00 on 18-May-2015 and a 52 week low of Rs. 4990.00 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 6174.00 and Rs. 5490.00 respectively. The current market cap of the company is Rs. 59048.36 crore.

The promoters holding in the company stood at 62.76% while Institutions and Non-Institutions held 20.10% and 17.14% respectively.

Nestle India 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.