The result was announced after market hours on Friday, 26 October 2018.

Meanwhile, the S&P BSE Sensex was up 142.12 points, or 0.43% to 33,491.43

On the BSE, 1,872 shares were traded in the counter so far compared with average daily volumes of 8,666 shares in the past two weeks. The stock had hit a high of Rs 9,840.05 and a low of Rs 9,615.05 so far during the day.

Commenting on the results, Suresh Narayanan, Chairman and Managing Director, Nestle India said, the quarter has witnessed another strong performance as it continues to deliver broad based volume driven growth. The company is witnessing headwinds in commodity and crude oil prices coupled with currency depreciation

Nestle India is a subsidiary of Nestle S.A. of Switzerland. Nestle is the world's largest food and beverage company. It has more than 2000 brands ranging from global icons to local favourites.

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Net profit of Nestle India rose 30.00% to Rs 446.11 crore in the quarter ended September 2018 as against Rs 343.17 crore during the previous quarter ended September 2017. Sales rose 16.85% to Rs 2921.99 crore in the quarter ended September 2018 as against Rs 2500.67 crore during the previous quarter ended September 2017.

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Nestle India will hold a meeting of the Board of Directors of the Company on 26 October 2018.

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Nestle India announced its foray into gourmet dip and spread segment with the launch of MAGGI Dip & Spread. The low fat yogurt based dip and spread from Nestle has been conceptualized basis in-depth consumerresearch. MAGGI Dip & Spread contains almost 80% yogurt with less than 3% fat making it a very healthy and tasty option for variety of food pairings.

The new range will be available in two exciting flavors Cheese Garlic and Jalapeno Salsa. Priced at Rs 150 for 150 gms, MAGGI Dips will be available in Delhi NCR in all leading supermarkets.

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