Nestle India second-quarter profit rises 10 percent

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Noodles-to-chocolates maker Nestle India Ltd said on Wednesday profit rose about 10 percent in its fiscal second quarter, helped by new product launches and a revamp of its popular Maggi noodles brand.

Profit rose to 2.63 billion rupees ($40.87 million) in the quarter ended June 30, from 2.40 billion rupees a year earlier, the Indian unit of packaged foods giant Nestle SA said.

Domestic sales rose 8.8 percent to 23.21 billion rupees in the quarter, it said.

($1 = 64.3575 Indian rupees)

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