Nestle India's quarterly profit rises as demand for packaged foods stays firm
Nestle India's quarterly profit rises as demand for packaged foods stays firm Oct 15 (Reuters) - Nestle India NEST.NS reported a 36% jump in second-quarter profit on Thursday, underpinned by resilient demand for its packaged foods and beverages, including Maggi noodles and KitKat chocolates.
The Indian unit of Swiss food major Nestle NESN.S said its net profit rose to 10.27 billion rupees ($108.03 million) in the quarter ended September 30 from 7.53 billion rupees a year earlier.
($1 = 95.0625 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru and Praveen Paramasivam in Chennai; Editing by Subhranshu Sahu and Sherry Jacob-Phillips)
((Mailto: Surbhi.Misra@thomsonreuters.com))
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