Restaurant Franchise Opportunities

business May, 14 2014

Nestle's first quarter profit drops

Down by seven percent.

By Franchise India Bureau
Nestle's first quarter profit drops

Nestle India has seen a slowdown in its profit for the quarter which ended on 31st March. The company profit is down by seven percent to Rs 259 crore from Rs 279.09 crore in the previous fiscal year. However, the company’s net sales grew by 2.9 per cent to Rs 2313 crore.

The company said that the operating margins have been adversely impacted, “by high price of milk solids” among other higher expenditures on the base of a strong quarter last year. The firm follows the January-December financial year.

Related: IG International launches Fremont Mandarins in India

Click Here to add Comment
Please add your Comment
Rating
NEWSLETTER SIGNUP

Submit your email address to receive the latest updates on news & host of opportunities.

Most

Video

Magazines & Books

Read the latest franchising magazines and books to get comprehensive and up-to-date information on leading franchise systems, trends and more.

BOS
Recommended For You
Newsletter Signup
Submit your email address to receive the latest updates on news & host of opportunities.
Restaurant India

Copyright © 2009 - 2016 Franchise India Holdings Ltd.

The information contained herein is of generic nature only, and Franchise India is not, by means of this website or any part thereof, rendering professional advice or services. Before making any decision or taking any action that might affect your finances or business, you should consult a qualified professional advisor. Your use of this website or any of its pages or links given, is at your own risk and you assume full responsibility and risk of loss resulting from your usage. With respect to use of the website, kindly visit www.franchiseindia.com/terms.