Nestle India reported a bigger-than-expected increase in its quarterly profit on Thursday, as it benefited from higher product prices and demand for its packaged food items.
By Kosaku Narioka Nestle India reported a rise in quarterly net profit on higher revenue and announced a new joint venture with Dr. Reddy's Laboratories.
Swiss food giant Nestle posted slimmer sales for the first quarter on Thursday, weighed down by weak consumer demand in North America and a strong Swiss franc.
Nestle, the titan behind beloved brands like KitKat and Nescafe, has encountered a setback as it reports a decrease in sales following price hikes across its range of packaged foods. The first quarter of 2024 saw