Nestle India’s profit grows 65.5% in December quarter
Nestle India posted a net profit of ₹628.06 crore in the fourth quarter ended December 31, up 65.50 per cent against ₹379.48 crore in the same period a year ago. The company’s sales were up 13.95 per cent to ₹4,233.27 crore in the quarter under review. The packaged food major, which follows the January-December period as…
Heritage Foods: What lies ahead after a soft quarter?
Highlights Higher raw milk prices impacted the performance Value-added products saw higher growth The March 23 quarter performance also likely to be impacted Investors with a longer-term view can add and accumulate on declines The December ’22 quarter results of Heritage Foods (HFL; CMP: Rs171) were below expectations. Companies in the dairy segment continued to remain impacted…
Hatsun Agro sees dip in Q3 profit as input costs rise
India’s Hatsun Agro Product Ltd HAPL.NS, which sells Arun ice cream and Arokya milk, reported a 2.9% fall in quarterly profit on Thursday, hurt mainly by a surge in prices for animal feed and milk procurement. The Chennai-based company said net profit dropped to 464.4 million rupees ($5.71 million) in the quarter ended Dec. 31, from 478.4…