New Delhi, April 25 -- Nestle India Ltd reported a 5.2% drop in its March quarter net profit due to higher commodity costs, despite a rise in sales driven by its beverages and confectionery segments.
The company's net profit fell to Rs.885.41 crore in January-March, down from the Rs.934 crore in the year-ago quarter. Its standalone revenue rose 3.6% year-on-year to Rs.5,447.64 crore, it said in an exchange filing on Thursday.
Nestle India, the Gurugram-based arm of the Swiss multinational food giant Nestle, saw a double-digit growth in beverages and confectionery during the quarter, with three out of four product groups delivering a healthy expansion.
"Our domestic sales crossed the Rs.5,235 crore mark, the highest-ever in any quarter, s...