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Nestle India bottom line takes 60 percent hit

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9 years ago

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Chennai: Hit by the ban on sales of Maggi brand noodles, Nestle India Ltd on Thursday reported 60 percent fall in its net profit and 32 percent fall in its net sales for the third quarter.

The company follows calendar year as its financial year.

In a media statement filed with BSE, Nestle India said its net profit for the third quarter ended September 30, 2015 was Rs.124.2 crore, down from Rs.311.3 crore for the same period the previous year.

The company said it had posted a net sales of Rs.1,736.2 crore for the period under review down by 32 percent over 2014 figures.

The ban on sales of Maggi noodles impacted the domestic and export sales.

According to Suresh Narayanan, chairman and managing director, the company has restarted manufacturing noodles.

After testing the products in three accredited laboratories and their clearance the noodles the company is keen on reintroducing the products in the market, he said.

Narayanan said that during the quarter under review, the Bombay High Court had set aside the ban on Maggi noodles and ordered that the earlier batches be tested in three accredited laboratories.

As per the test results, the lead conten

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Apple is giving a huge discount on its gadgets: Details inside

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3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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