The Economic Times reported Nestlé India shares at ₹1,219.90, up 2.09%, at 12:25 a.m. ET (05:25 UTC) Nov. 3, while the company’s latest filing showed growth in sales and standalone profit for the quarter ended Sept. 30.
The National Stock Exchange of India (NSE) recorded a closing price of ₹1,195 for the previous session, Nov. 2. That figure is separate from the Nov. 3 quote reported by The Economic Times.
Nestlé India’s board approved unaudited results on Oct. 15. Total sales for the quarter reached ₹6,782.2 crore, a 20.5% increase from a year earlier. Standalone profit after tax rose 36.3% to ₹1,026.8 crore; the filing also reported consolidated profit after tax of ₹1,009.6 crore, up 35.9%.
The company said volume growth was broad across product groups. Advertising and marketing spending increased 46%, and its EBITDA margin was 23.8%.
Manish Tiwary, chairman and managing director of Nestlé India, said product innovation, brand spending and productivity measures were part of the company’s response to higher input costs. “Rising inflation, particularly food inflation, is a reality,” Tiwary said.
