Rebounding from losses after ban on Maggi noodles in 2016, Swiss firm’s India unit Nestle India Ltd has reported its standalone net profit after taxes (PAT) at Rs 230.84 crore for the second quarter ended June 30, 2016. It has registered a net loss of Rs 64.4 crore during the same period a year ago, Nestle India Ltd said in a filing to the Bombay Stock Exchange.
It’s standalone total income too grew by 16.2 per cent at Rs 2,308.3 crore during Q2 FY16, as compared to Rs 1,987.14 crore during the same period last year. The net sales of the company rose by 16.66 per cent at Rs 2,256.09 crore for the quarter under review, against Rs 1,933.84 crore for the same period a year ago.
“Net sales for the quarter increased by 16.7 per cent on base impacted by Maggi noodles issue. While domestic sales increased by 17.5 per cent, exports increased by 7 per cent,” the company said in a statement. Nestlé India, Chairman and Managing Director, Suresh Narayanan said, “It is heartening to see MAGGI Noodles rebound to market leadership of about 57 per cent after its reintroduction last November.
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It’s standalone total income too grew by 16.2 per cent at Rs 2,308.3 crore during Q2 FY16, as compared to Rs 1,987.14 crore during the same period last year. The net sales of the company rose by 16.66 per cent at Rs 2,256.09 crore for the quarter under review, against Rs 1,933.84 crore for the same period a year ago. 
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