Search
+

    Nestle net profit increases 11 per cent; Maggi plant to come up in Gujarat

    Synopsis

    ​​​For the April-June quarter, Nestlé India reported net profit increase of 11% from the year-ago quarter, at ₹438 crore, led by sales and volumes growth.

    ET Bureau
    Packaged foods maker Nestlé India on Friday said it will set up a new plant in Gujarat — its ninth factory in India — for instant noodle brand Maggi with an initial investment of ₹700 crore.

    For the April-June quarter, Nestlé India reported net profit increase of 11% from the year-ago quarter, at ₹438 crore, led by sales and volumes growth. Net sales were up 11.35% to ₹2,982.8 crore on-year, it said.

    Maggi is currently manufactured at three plants. Fresh investments will pan out over two years, it said.
    (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

    Also Read

    5 Comments on this Story

    Looter Khangress413 days ago
    Khaman and Dhokla are getting a challenge.
    Sheelukkk Kumar413 days ago
    I was once in vietnam,rice noodles public use to eat in morning,its unbeatable.
    amalesh bhattacharya414 days ago
    maggi is hygienic product otherwise rotten breakfast with palm oil and unhygienic utensils cause more harm to poor ,a two minute, less gas consumption can save for the consumer a lot
    The Economic Times