|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||21,749.90 - 22,424.75|
|52-week range||16,435.00 - 22,424.75|
|Beta (5Y monthly)||0.01|
|PE ratio (TTM)||85.26|
|Earnings date||26 Jul 2023 - 31 Jul 2023|
|Forward dividend & yield||408.00 (1.85%)|
|Ex-dividend date||21 Apr 2023|
|1y target est||N/A|
CHENNAI (Reuters) -Nestle India reported a near 66% increase in quarterly profit on Thursday, benefiting from price increases and strong demand for its chocolates and packaged foods in urban areas. The Maggi noodles maker's profit rose to 6.28 billion rupees ($75.98 million) for the fourth quarter ended Dec. 31, from 3.79 billion rupees in the year-ago period. Sales of chocolates and biscuits in India have defied recent inflationary pressures, analysts have said, as Nestle's KitKat chocolates and rival Britannia Ltd's Little Hearts biscuits are seen as affordable treats.
BENGALURU (Reuters) -Consumer goods conglomerate Nestle India Ltd said it was seeing early signs of softening of prices in commodities such as edible oil and packaging materials, against the backdrop of surging inflation. Nestle, which sells the popular Maggi instant noodles, KitKat chocolates and Nescafe coffee in the country, said on Thursday profit for the quarter ended June 30 slipped 4.3% to 5.15 billion rupees, hurt by expenses, which rose 21%. Last week, Unilever's India unit warned that its margins would remain under pressure in the September quarter and growth would be driven by price hikes.