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.