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.

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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