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Nestle India posted a net profit of ₹463.28 crore for the quarter ended March 31, 2019, up 9.25 per cent year-on-year. The company, which follows the January-December period as its financial year, had posted a net profit of ₹424.03 crore in the corresponding quarter of the previous fiscal.
Revenue from operations for the quarter under review grew 9 per cent to ₹3,003 crore.
“The board had declared on April 25, an interim dividend for 2019 of ₹23 per equity share (face value ₹10 per equity share) amounting to ₹222 crore for 2019; this will be paid on and from May 15,” the company said in a statement.
While total sales grew 9 per cent, domestic sales increased 10.2 per cent. Exports dropped by 8.9 per cent, a company statement said.
Suresh Narayanan, CMD, Nestle India, said: “We have continued on the track of volume-led growth with our iconic brands like Maggi, Kitkat and Nestle Munch delivering strong performances. The market momentum remained strong, while the input costs have hardened.”
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