Nestle Q3 results: Net profit flat at Rs 587 cr, beats estimates; firm announces interim dividend of Rs 135 per share

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Nestle Q3 results: Net profit flat at Rs 587 cr, beats estimates; firm announces dividend of Rs 135 per share

ETMarkets.comLast Updated: Oct 23, 2020, 06:46 PM IST

Synopsis

The Maggie-maker had posted a profit of Rs 595.70 crore in the corresponding quarter last year.

Revenue of the company increased 10 per cent YoY to Rs 3,541.70 crore.

Nestle India on Friday reported 1.37 per cent year-on-year fall in net profit at Rs 587.09 crore for the third quarter ended September 30. Analyst in an ET NOW poll had forecasted the figure at Rs 570 crore.

The Maggie-maker had posted a profit of Rs 595.70 crore in the corresponding quarter last year.

The company also declared an interim dividend of Rs 135 per equity share.

Revenue of the company increased 10 per cent YoY to Rs 3,541.70 crore.

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