Nestle India reported a standalone net profit of ₹934 crore for the quarter ended March 2024, recording a growth of 27% from ₹737 crore in the year-ago period. The company’s revenue during the January-March quarter rose 9.1% to ₹5,268 crore from ₹4,830.5 crore, year-on-year (YoY). The net profit of Maggie noodles maker Nestle India beat analysts’ estimates of ₹858 crore.
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Open FlipThe S&P 500 (SNPINDEX: ^GSPC) returned 220% over the last decade, compounding at 12.3% annually. That impressive performance was driven in large part by a single stock market sector.To elaborate, the S&P 500 tracks 500 large U.S. companies, including value stocks and growth stocks from all 11 market sectors, as defined by the Global Industry Classification Standard (GICS).
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