Business Companies 15 Feb 2017 Nestle Q4 net profit ...

Nestle Q4 net profit down 8.6 per cent to Rs 167.31 crore

PTI
Published Feb 15, 2017, 6:17 pm IST
Updated Feb 15, 2017, 6:18 pm IST
The company had posted a net profit of Rs 183.19 crore during October-December quarter last fiscal.
Total expeneses during the quarter under review moved up 15.99 per cent to Rs 1,927.16 crore as against Rs 1,661.45 crore in the year-ago period.
 Total expeneses during the quarter under review moved up 15.99 per cent to Rs 1,927.16 crore as against Rs 1,661.45 crore in the year-ago period.

New Delhi: FMCG major Nestle India today reported a decline of 8.66 per cent in its standalone net profit to Rs 167.31 crore for the fourth quarter ended December 31, 2016.

The company, which follows January-December financial year, had posted a net profit of Rs 183.19 crore during the October-December quarter last fiscal. However, net sales of the company during the quarter under review were up 16.17 per cent to Rs 2,261.28 crore as against Rs 1,946.44 crore in the corresponding quarter of the last fisal, Nestle said in a BSE filing.

 

Total expeneses during the quarter under review moved up 15.99 per cent to Rs 1,927.16 crore as against Rs 1,661.45 crore in the year-ago period. Shares of Nestle India today settled at Rs 6,173.60 on BSE, down 0.58 per cent from previous close.

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Location: India, Delhi, New Delhi




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