Nestle India net profit up 6.62% at Rs 285 crore in quarter

Written by Press Trust of India | New Delhi | Updated: Oct 31 2013, 15:17pm hrs
FMCG major Nestle India on Wednesday posted a 6.62% increase in consolidated net profit at Rs 285 crore for the third quarter (Q3) ended September. It had posted a net profit of Rs 267.3 crore during the same period last year.

Nestle India Ltd follows January-December fiscal. Net sales of the company rose to Rs 2,348.3 crore for the third quarter, up 11% compared to Rs 2,115.5 crore in the same period of previous year.

Nestle India MD 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%, 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.