The Indian arm of Swiss giant Nestle SA said profit before exceptional items and tax climbed to 9.94 billion rupees ($119.8 million) for the fourth quarter ended December 31.
It recorded a one-time charge of 1.07 billion rupees due to changes in its pension plan, according to a regulatory filing.
Nestle India outperformed its large-cap peers as it has a smaller presence in rural areas and faces limited competition in its key coffee, noodles and baby foods businesses, Axis Securities analyst Preeyam Tolia said.
Dove soapmaker Hindustan Unilever, meanwhile, reported a marginal rise in quarterly earnings, while biscuits maker Britannia Industries posted a fall, both on account of subdued rural demand and elevated competition.
Shares of Nestle India, known for its Maggi noodles and Cerelac baby food, rose 2% after the results.
Nestle India, which declared an interim per-share dividend of 7 rupees, reported an 8.1% rise in revenue to 46 billion rupees, helped by a double-digit growth in its beverage business.
Urban consumers with higher disposable incomes spent more on coffee and noodles despite the rising prices of essentials, benefiting packaged foods makers with a large presence in cities, including Nestle India and Yippee noodles maker ITC.
Separately, Nestle India approved a slump sale of its Nestle Business Services division, which helps the packaged foods maker optimise costs and introduce more automation, to its subsidiary Purina PetCare India in a deal worth 798 million rupees.
Nestle SA is due to report results on February 22. ($1 = 82.9620 Indian rupees)