Nestle India posts strong Q1, flags commodity cost risks
MUMBAI, July 22 -- Nestle India reported a sharp rise in June-quarter (Q1FY27) profit and revenue, driven by broad-based growth across product categories and channels, while warning that commodity costs and El Niño-linked supply risks remain key watchpoints.
Shares of the maker of Maggi noodles and KitKat chocolates rose as much as 3.94% to a 52-week high of Rs.1,509 on the National Stock Exchange on Wednesday after the company reported a sharp jump in earnings.
Standalone net profit climbed 47.9% year-on-year to Rs.975 crore in the June quarter, while revenue from operations rose 25.1% to Rs.6,378 crore, the company said in a stock exchange filing on Wednesday.
Nestle said sales growth was led by strong volumes, but did not quant...
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