Nestle India Logs 2.25 pc Rise in Oct-Dec Net Profit

The company's revenue from operations increased nearly 9 percent during the last quarter of 2020 to Rs 3,432.58 crore.
Nestle India Logs 2.25 pc Rise in Oct-Dec Net Profit

Nestle India reported a 2.25 percent increase in its net profit for the quarter ended December, on a year-on-year (YoY) basis, at Rs 483.31 crore.

During the corresponding quarter of 2019, the company had reported a net profit of Rs 472.64 crore.

The company's revenue from operations increased nearly 9 percent during the last quarter of 2020 to Rs 3,432.58 crore, said a regulatory filing.

For 2020, Nestle India reported 5.79 percent rise in its net profit at Rs 2,082.43 crore. Its operational revenue last year increased by 7.9 percent to Rs 13,350.03 crore.

"Under these circumstances, I am pleased to share that we delivered strong domestic sales growth. Nearly two thirds of our key brands like Maggi Noodles, Kitkat and Nescafe Classic posted double digit growth last year. This was backed by a step up in marketing spends, especially in the last quarter," Suresh Narayanan, Chairman and Managing Director, Nestle India said.

He added that e-commerce continued to grow, surge ahead and now contributes 3.7 percent of domestic sales.
 

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