BENGALURU/CHENNAI (Reuters) – Nestle India reported a bigger-than-expected increase in its quarterly profit on Thursday, as it benefited from higher product prices and demand for its packaged food items.
The Indian arm of the Swiss food giant Nestle reported a net profit of 9.34 billion rupees ($112.03 million)for the three months ended March 31, compared with 7.37 billion rupees a year earlier.
Analysts polled by LSEG, on average, had expected a profit of 8.71 billion rupees.
($1 = 83.3675 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru and Praveen Paramasivam in Chennai; Editing by Rashmi Aich)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.