"Continued inflation is likely to be a key factor in the short to medium term. The costs, he said, continued to surge this quarter which impacted profit from operations. Narayanan of Nestle India said the cost of key raw and packaging materials hit a 10-year high level. Export sales were lower by 1.0 per cent largely due to change in product mix, the FMCG company said. Sales for the quarter grew 9.74 per cent over Rs 3,600.20 crore in the year-ago quarter, according to the data available with AceEquity.ĭomestic sales growth was broad based and largely driven by volume and mix. Net sales for the quarter at Rs 3,950.90 crore missed ET NOW poll projection of Rs 3,943 crore. The costs, he said, continued to surge this past quarter, which impacted profit from operations. Nestle India's Chairman and Managing Director Suresh Narayanan said cost of key raw and packaging materials hit a 10-year high. The profit figure for March quarter fell short of ET NOW poll estimate of Rs 610 crore.
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