Nestle India shares hit a record high following robust growth in the June quarter. Revenue rose 25.2 percent year-on-year as demand remained firm. The company expects healthy sales to continue amid premium products and innovation.
Nestle India shares reached a record high after posting strong results for the June quarter. Revenue growth accelerated to 25.2 percent compared with the same period a year earlier.
Operating margins narrowed from the previous quarter because of higher spending on advertising. Exports grew steadily as the company expanded its reach in overseas markets and added new products.
The firm said it expects demand to stay solid, helped by a shift toward premium items and ongoing innovation efforts.