Consumer goods major Nestle India on Friday reported a 10.3% year-on-year increase in net profit to Rs. 271 crore for the second quarter ended June 30 against Rs. 246 crore a year ago on the back of robust sales growth across various business verticals.
Net sales climbed 11.4% to Rs. 2,213 crore during the quarter.
Domestic sales rose 9.2% on account of volume growth in certain product categories, while overseas sales grew 46.9% due to exports to affiliates.
"I am confident that the team is well aligned and capable of delivering growth consistent with the economic environment," Nestle India CMD A Helio Waszyk said.