Nestle India Q1: Profit Down 13.4%, Revenue Climbs 6%

Nestle India, the company behind Maggi noodles, made less profit in the first few months of the year, about 13% less than last year.

However, they made more money overall because they sold more products.

Sales went up both at home and to other countries.

Even though they made more money, costs went up, like the price of ingredients and running the factories.

Coffee prices went down, and milk prices stayed pretty steady.

The head of the company, Suresh Narayanan, is retiring, and Manish Tiwary will take over.

Sales of Nescafe coffee were good this quarter.