The result was announced after market hours yesterday, 14 May 2019.

Meanwhile, the S&P BSE Sensex was up 212.16 points, or 0.57% to 37,530.69

On the BSE, 18,000 shares were traded in the counter so far compared with average daily volumes of 6,249 shares in the past two weeks. The stock had hit a high of Rs 10,501.95 and a low of Rs 10,250 so far during the day.

Commenting on the results, Suresh Narayanan, Chairman and Managing Director, Nestle India said the company has continued on the track of volume led growth with brands like MAGGI, KITKAT and Nestle MUNCH delivering strong performances. The market momentum remained strong, while the input costs have witnessed hardening.

Nestle India is a subsidiary of Nestlé S.A. of Switzerland. Nestlé is the world's largest food and beverage company. It has more than 2000 brands ranging from global icons to local favourites, and it is present in 191 countries around the world.

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Net profit of Nestle India rose 9.26% to Rs 463.28 crore in the quarter ended March 2019 as against Rs 424.03 crore during the previous quarter ended March 2018. Sales rose 8.97% to Rs 2982.39 crore in the quarter ended March 2019 as against Rs 2736.84 crore during the previous quarter ended March 2018.

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Nestle India announced that the Board of Directors of the Company at its meeting held on 25 April 2019, has recommended a Interim dividend of Rs.23 per share (i.e.230%), subject to the approval of the shareholders.

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Nestle India will hold a meeting of the Board of Directors of the Company on 14 May 2019.

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