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Nestle India Q1 Results: Profit Rises On Lower Taxes, Sales Growth

Domestic sales increased 10.7 percent to Rs 3,124 crore driven by volumes and product mix.

Mahima Kapoor
Packets of Maggi 2-Minute Noodles, manufactured by Nestle India Ltd., sit behind a counter at a store in New Delhi, India. (Photographer: Kuni Takahashi/Bloomberg)

Nestle India Ltd.’s quarterly profit rose as lower corporate tax rates helped the maker of Maggi instant noodles and KitKat chocolates.

Also Read: Nestle Guarantees Employee Pay for 12 Weeks In Case of Stoppages

Shares of Nestle India closed 0.6 percent lower, ahead of the earnings annoucement, tracking the benchmark BSE Sensex that ended trade 0.6 percent down.

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Adani Group Stocks Rise After SEBI's Clean Chit — Adani Power, Adani Total Gas Top Gainers

  • chevron-double-right SEBI found no evidence to support Hindenburg's allegations against Adani Group companies
  • chevron-double-right Adani Ports, Adani Power, Adani Enterprises, and key individuals were cleared of all liabilities
  • chevron-double-right No violations were found related to related-party or manipulative transactions by SEBI
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