Nestle India Q2 Results: 1:10 Share Split Announced by Board

5/5 - (1 vote)

Strong 37% Net Profit Growth to INR 908 Crore Surpasses Street Estimates; 1:10 Share Split Announced by Board

On October 19, Nestle India’s board approved a 1:10 share split, alongside the release of its financial results for the September quarter. The company also declared an interim dividend of INR 140 per share.

This consumer products giant posted a remarkable 37.4% year-on-year surge in net profit, reaching INR 908 crore for the quarter ending on September 30. This robust performance was mainly fueled by increased demand.

The market had projected a net profit of INR 768 crore for the reviewed quarter.

Also Read:  Coforge Q2 result preview: PAT likely to rise over 45%; Revenue by 3.6%

Leave a Comment