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Nestle India Ltd has reported a 7.83 per cent rise in net profit at Rs 275.73 crore for the quarter ended March 2012. The rise in net profit can be attributed to rise in domestic sales by 13.7 per cent, led by higher realisations. However, domestic sales was slightly offset by higher input cost.
The company's net profit for the corresponding quarter last year stood at Rs 255.71 crore. Exports have risen by 3.3 per cent, favourably impacted by the depreciating rupee.
The company also saw a rise in employee costs as a result of rise in headcount. The cost of external borrowing in the current quarter after accounting for the appreciating rupee shows a net gain of Rs 20 crore.
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