Wed, Feb 14, 2018
Nestle posted net profit of Rs 311.83 crore, rising by 59.57% compared to Rs 195.41 crore in the corresponding period of previous year.
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Thu, May 11, 2017
Abneesh Roy, Tanmay Sharma and Alok Shah analysts at Edelweiss Financial Services said, “Demonetisation led to impact of INR1bn during Q4CY16 and we beleive that impact will recede in Q1CY17 significantly. Owing to the Maggi issue in the base, Nestle will see better growth rate and we expect revenue growth of ~12% YoY in Q1CY17 on base of dip of 8.7% YoY."
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