Nestle India Q2 profit increases

Tue. August 04, 2009; Posted: 01:02 PM

Aug 04, 2009 (Datamonitor via COMTEX) -- NEIXF | Quote | Chart | News | PowerRating -- Nestle India has reported a net profit of INR1.62 billion, or INR16.80 per share, for the second quarter ended June 30, 2009 compared to INR1.21 billion or INR12.56 per share for the corresponding quarter in 2008.

Net sales for the second quarter ended June 30, 2009 were INR12.09 billion compared to INR10.35 billion for the second quarter ended June 30, 2008. Net domestic sales for the second quarter ended June 30, 2009 increased to INR11.30 billion from INR9.44 billion in the same period of 2008.

For the six-month period ended June 30, 2008, the net profit was INR3.59 billion or INR37.27 per share, compared to INR2.81 billion or INR29.17 per share for the corresponding period of 2008.

For the six-month period ended June 30, 2009, net sales increased to INR24.75 billion compared to INR21.26 billion in the same period of 2008. Net domestic sales for the six-month period ended June 20, 2009 increased to INR23.22 billion from INR19.48 billion in the same period of 2008.

Martial Rolland, chairman and managing director of Nestle India, said: "Our objective is to be the leader in nutrition, health and wellness, add value to our stakeholders, and benefit society in a sustainable manner. I am therefore pleased with this continuing strong financial performance, enabling us to create economic prosperity even in these challenging times."

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