Nestle India's Q1 net profit increased 6.9% to ₹746.6 crore, driven by 3.3% revenue growth.
Nestle India Q1 results: Net profit rose 6.9% to ₹746.6 crore, driven by revenue growth of 3.3%, despite external challenges such as lower consumption growth, concerns about continued food inflation, and volatile commodity prices. The company's domestic sales grew by 4.2%, while total sales increased by 3.8%. Five of Nestle India's top twelve brands grew at double-digit rates during the quarter.
July 25, 2024
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