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Nestle India posted a net profit of Rs 271.4 crore for the quarter ended June 30, up 10.3 per cent from Rs 246 crore in the corresponding quarter last year.
Net sales for the quarter grew 11.4 per cent to Rs 2,213.2 crore. The company said its net domestic sales increased by 9.2 per cent, mainly on account of net realisations and volume growth in certain product categories.
Export sales grew 46.9 per cent. The company declared an interim dividend for 2013 of Rs 18 per equity share.
The company follows the January-December period as its financial year.
A. Helio Waszyk, Chairman and Managing Director, Nestle India, said, “I am satisfied that we have yet another quarter of double digit growth with healthy profitability. Key businesses including noodles, coffees and nutrition are doing well and the launch of Alpino (chocolate) is an additional step in the premiumisation of our portfolio.”
At the Bombay Stock Exchange, the company’s share price closed at Rs 5447.35 down 2.05 per cent on Friday.
meenakshi.v@thehindu.co.in
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