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Nestle India Q3 profit climbs 23 percent as domestic sales rise
November 10, 2017 / 1:03 PM / 13 days ago

Nestle India Q3 profit climbs 23 percent as domestic sales rise

REUTERS - Noodles-to-chocolates maker Nestle India Ltd posted a 23 percent rise in third-quarter profit on Friday, buoyed by higher domestic sales.

Packets of Nestle's Maggi instant noodles are seen on display at a grocery store in Mumbai, India, June 3, 2015. REUTERS/Danish Siddiqui/File Photo

Profit rose to 3.43 billion rupees ($52.64 million) in the quarter ended Sept. 30, from 2.78 billion rupees a year earlier, the Indian unit of packaged food giant Nestle SA said. bit.ly/2jeq3Xz

Domestic sales rose 3.7 percent to 23.41 billion rupees in the third quarter, and grew about 9.1 percent on a comparable basis, the company said.

($1 = 65.1600 rupees)

Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Amrutha Gayathri

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