New Delhi, April 21 -- Nestle India said it recorded its strongest quarterly sales growth in almost a decade, aided by double-digit volume gains and broad-based demand across categories. The company's shares surged.
The maker of Maggi noodles and KitKat chocolates posted a 26% rise in standalone net profit to Rs.1,114 crore in the March quarter from a year earlier, while revenue from operations climbed 22.6% to Rs.6,747.7 crore, the company said in a stock exchange filing on Tuesday.
"We remained focused on the fundamentals and executed with resilience, delivering double-digit, volume-led growth alongside strong market share gains," Manish Tiwary, chairman and managing director of Nestle India, said in the filing. Tiwary added that the ...
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