Nestle India reported a 4.4% increase in net profit to ₹655.6 crore for the fourth quarter (Q4) of fiscal year 2023-24. The company's revenue also grew by 8% to ₹4,600.42 crore during the quarter.
Nestle India's performance was driven by strong growth in its Maggi noodles and milk products segments. The company also benefited from price increases taken earlier in the year.
The company's board of directors has declared a third interim dividend of ₹7 per share. This is in addition to the two interim dividends of ₹20 per share each that were declared earlier.
Nestle India's Q4 results were in line with analysts' expectations. The company is expected to maintain its momentum in the coming quarters, driven by its strong brand portfolio and distribution network.
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