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Nestle India Q1 net profit up 38.23% at Rs 424.03 cr 11/05/2018 15:09

The company reported standalone net profit of Rs 424.03 crore for the quarter ended March 31, 2018 as compared to Rs 306.76 crore in the same period last year, registering a year-on-year growth of 38.23 per cent.

Net revenue of the company rose moderately by 10.55 per cent at Rs 2,736.84 crore in January-March quarter of this fiscal as against Rs 2,475.68 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 4.35 per cent to Rs 2,060.39 crore from Rs 1,974.49 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 56.43 crore versus (Mar'17 Rs 0.00 crore).

Operating Profit surged by 34.69 per cent to Rs 696.85 crore as against Rs 517.39 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 21.82 per cent in March quarter.

Interest grew by 265.27 per cent y-o-y to Rs 31.07 crore, while Taxation increased by 51.05 per cent at Rs 215.65 crore (Mar'17 Rs 142.77 crore).

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