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 […]