Nestle India Q3 net up 6.6 per cent at Rs 285 crore

PTI Posted online: Wednesday, Oct 30, 2013 at 0000 hrs
New Delhi : FMCG major Nestle India today posted 6.62 per cent increase in consolidated net profit at Rs 285 crore for the third quarter ended September 30.

The company had posted a net profit of Rs 267.3 crore during the same period last year.

The company follows January-December financial year.

Net sales of the company rose to Rs 2,348.3 crore for the third quarter, up 11 per cent compared to Rs 2,115.5 crore in the same period of previous year.

Commenting on the results, Nestle India Managing Director Etienne Benet said: "We will continue to focus on reinforcing the fundamentals of our growth drivers, further improve our operational efficiencies and keep rationalising our stock keeping units."

Overall expenses during the quarter were at Rs 1,950.1 crore, up 11.21 per cent as against Rs 1,753.5 crore in the corresponding period a year ago.

Nestle India has declared second interim dividend of Rs 18 per equity share for 2013.

Shares of Nestle India closed at Rs 5,595 at the end of the day's trade, up 0.02 per cent from their previous close on the BSE.