Nestle India quarterly net rises 6.6% to Rs 285 crore
1 Nov 2013 5:13 AM IST
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.
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.
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