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Nestle India's quarterly profit jumps 48% on steady demand

Nestle India's quarterly profit jumps 48% on steady demand

- Nestle India NEST.NS posted a 48% rise in quarterly profit on Wednesday, helped by strong demand for its Maggi, KitKat and Nescafe brands.

The Indian arm of Swiss food major Nestle NESN.S reported a profit of 9.75 billion rupees ($101.11 million) for the first-quarter ended June 30, compared with 6.59 billion rupees a year earlier.


($1 = 96.4300 Indian rupees)


(Reporting by Mridula Kumar in Bengaluru and Praveen Paramasivam in Chennai; Editing by Rashmi Aich)

((mridula.kumar@thomsonreuters.com))

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