Nestle India Q2 Profit Rises on Strong Maggi and Nescafe Demand, Shares Surge
Nestle India posted a marginal increase in second-quarter profit, benefiting from improved urban demand for Maggi noodles and Nescafe coffee. Shares surged approximately 5% to a one-year high following the earnings report, according to Reuters.
Nestle India Reports Quarterly Profit Growth
Nestle India posted a marginal increase in second-quarter profit on Thursday, reportedly benefiting from improving urban demand for popular products including Maggi noodles and Nescafe coffee. According to reports, shares jumped about 5% to a one-year high following the earnings announcement.