Millennium Post

Nestle Q4 profit up 16% to Rs 326 crore

FMCG major Nestle India on Friday reported a 15.87 per cent increase in net profit at Rs 326.38 crore for the fourth quarter ended December 31, 2014.

The company, which follows January-December financial year, had posted a net profit of Rs 281.66 crore during the October-December quarter of 2013-2014.

Net sales of the company during the quarter under review rose to Rs 2,516.1 crore, up 11.71 per cent as against Rs 2,252.3 crore in the same period of previous year, Nestle said in a BSE filing. For the year ended December 2014, Nestle India's net profit stood at Rs 1,184.69 crore compared to
Rs 1,117.13 crore in 2013.

Net sales during the year stood at Rs 9,806.27 crore compared to Rs 9,061.90 crore in the previous fiscal, the company said.

Meanwhile, in a separate filing Nestle India said its board has recommended a final dividend for the year 2014 of Rs 12.50 per equity shares of Rs 10 each.

Shares of Nestle India closed at Rs 7,075 apiece at BSE, up 3.79 cent from their previous close.

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