Nestle's India unit's profit rises 25% on price increases, demand

CHENNAI, April 25 (Reuters) -

Nestle India reported a near-25% increase in first-quarter profit on Tuesday, as the packaged foods maker benefited from steady demand for its Kit-Kat and Munch chocolates as well as instant coffee.

Profit at the Indian unit of Swiss food giant Nestle rose to 7.37 billion rupees ($90 million) in the quarter ended March 31, from 5.91 billion rupees a year earlier.

($1 = 81.9375 Indian rupees) (Reporting by Praveen Paramasivam in Chennai; Editing by Savio D'Souza)

Reuters

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