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Companies

Nestle India posts better-than-expected 50% jump in profit after cost controls

Revenue in the April-June quarter rose about 9%

"We have also taken a pledge and announced our road map for reduction of sodium, sugar, and fat in relevant categories," Suresh Narayanan, chairman of Nestle India, said in a statement.   © Reuters

MUMBAI (NewsRise) -- Nestle India reported a 50% jump in April-June net profit, helped by cost controls and lower commodity prices, while pledging its commitment to reducing the amount of salt, sugar, and fat in its products.

Net profit in the quarter ended in June stood at 3.95 billion rupees ($57 million), compared with 2.63 billion rupees a year earlier, the noodles-to-chocolate maker said in an exchange filing. Analysts were expecting the company to report a net income of 3.72 billion rupees, according to a Reuters poll.

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