Q2 profit of Nestle India seen up 20% at Rs 276 Cr

Nestle, is the Swiss transnational food and drink company reveals Nestle India's second quarter profit is seen rising 20 percent year-on-year to Rs 276 crore.

Operating profit during the quarter is likely to rise 5.1 percent to Rs 469 crore and margin may expand 10 basis points to 19.8 percent compared with the year-ago quarter, impacted by higher milk prices.

TH company is expecting its revenue growth by Maggi that accounts for around 18-20%  of total sales.

Nestle's famous product Maggi sales are expected to be b/w Rs 450-475 crore for the quarter. 

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