Higher Milk Prices swig off Nestle India’s Q3CY19 Margins - watsupptoday.com
Higher Milk Prices swig off Nestle India’s Q3CY19 Margins
Posted 11 Nov 2019 01:17 PM

Image Source: Exchange4media

Agencies

Nestle India Ltd’s 9% year-on-year revenue growth in the September quarter is not much to complain about. However, margin dropped with gross profit margins declining 214 basis points year-on-year to 57.3%.

“The quarter witnessed higher commodity prices particularly in milk and its derivatives, which are likely to continue in the near-term future," Suresh Narayanan, chairman and managing director, Nestle India.

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