Nestle India net profit down by 19% to ₹259 cr
Nestle India has reported a 19.13% year-on-year drop in net profit to ₹259 crore for the quarter ended March. Net sales fell 8.4% to ₹2,295 crore. “Results for the quarter have been impacted by the Maggi Noodles issue in 2015,” the company said. Notably, Nestle India's net profit had fallen 43.8% on a 22.57% sales drop in the preceding quarter.