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HindustanTimes Fri,25 Apr 2014

Nestle Q2 net profit up 10% to Rs. 271 crore

PTI  New Delhi, July 26, 2013
First Published: 23:47 IST(26/7/2013) | Last Updated: 23:49 IST(26/7/2013)

Consumer goods major Nestle India on Friday reported a 10.3% year-on-year increase in net profit to Rs. 271 crore for the second quarter ended June 30 against Rs. 246 crore a year ago on the back of robust sales growth across various business verticals.

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Net sales climbed 11.4% to Rs. 2,213 crore during the quarter.

Domestic sales rose 9.2% on account of volume growth in certain product categories, while overseas sales grew 46.9% due to exports to affiliates.

"I am confident that the team is well aligned and capable of delivering growth consistent with the economic environment," Nestle India CMD A Helio Waszyk said.

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