Nestle Q4 net profit down 8.6% to Rs 167.31 crore | business-news | Hindustan Times
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Nestle Q4 net profit down 8.6% to Rs 167.31 crore

business Updated: Feb 15, 2017 18:32 IST
PTI
Kitkat chocolate bars.

Kitkat chocolate bars. (Reuters)

FMCG major Nestle India today reported a decline of 8.66% in its standalone net profit to Rs 167.31 crore for the fourth quarter ended December 31, 2016.

The company, which follows January-December financial year, had posted a net profit of Rs 183.19 crore during the October-December quarter last fiscal.

However, net sales of the company during the quarter under review were up 16.17% to Rs 2,261.28 crore as against Rs 1,946.44 crore in the corresponding quarter of the last fisal, Nestle said in a BSE filing.

Total expeneses during the quarter under review moved up 15.99% to Rs 1,927.16 crore as against Rs 1,661.45 crore in the year-ago period.

Shares of Nestle India today settled at Rs 6,173.60 on BSE, down 0.58% from previous close.