FMCG major Nestle India Ltd on Tuesday reported a바카라 웹사이트5.15바카라 웹사이트per cent rise in net profit to Rs바카라 웹사이트617.37바카라 웹사이트crore for the third quarter ended September, driven largely by high single-digit volume growth in the domestic market.
The company, which follows the January-December financial year, had posted a profit of Rs바카라 웹사이트587.09바카라 웹사이트crore in the same period a year ago, Nestle India said in a BSE filing.
Net sales rose 9.63바카라 웹사이트per cent to Rs바카라 웹사이트3,864.97바카라 웹사이트crore as against Rs바카라 웹사이트3,525.41 crore earlier.
Suresh Narayanan, Chairman and Managing Director, Nestle India, said, "This quarter has once again seen the Company deliver 'double-digit broad-based value growth' in domestic sales across categories."
Organised trade witnessed a resurgence in the third quarter with strong revenue growth in mid-twenties after a muted second quarter which was impacted by the second wave of COVID-19.
Nestle India's domestic sales were up바카라 웹사이트10.07바카라 웹사이트per cent to Rs바카라 웹사이트3,687.37바카라 웹사이트crore as against Rs바카라 웹사이트3,350.10바카라 웹사이트crore in July-September 2020.
"Domestic Sales Growth at 10.1 per cent. The growth is broad-based and largely driven by volume & mix," said Nestle India.
Export sales rose 1.30바카라 웹사이트per cent to Rs바카라 웹사이트177.60바카라 웹사이트crore as against Rs바카라 웹사이트175.31 crore.
The company said Maggi noodles and Polo have been recently introduced in the Middle East market, while Crunch Wafers have been launched in ASEAN markets.
In the July-September quarter, its total expenses increased 10.48바카라 웹사이트per cent to Rs바카라 웹사이트3,081.99바카라 웹사이트crore as compared to Rs바카라 웹사이트2,789.67바카라 웹사이트crore in the year-ago period.
"E-commerce channel showed strong acceleration on the back of convenience and pandemic driven consumer behaviour, fully leveraged by a team who used the power of meaningful shopper insights, data analytics, speed, flexibility, sharp communication and customisation for the channel at scale," Narayanan added.
(With PTI Inputs)
