FMCG major Nestle India on Wednesday posted a 6.62 per cent increase in consolidated net profit at Rs 285 crore for the quarter ended September 30.
FMCG major Nestle India on Wednesday posted a 6.62 per cent increase in consolidated net profit at Rs 285 crore for the 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 the January-December cycle as 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.
"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," Nestle India managing director Etienne Benet said.
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 in Nestle India, on Wednesday, ended at Rs 5,595 apiece on the BSE, up 0.02 per cent from the previous close.
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