Nestle India posts Rs 203 cr profit for Oct-Dec 2010
Food major Nestle India on Friday posted a profit of Rs 203.4 crore for the October-December quarter of 2010.
By PTI |
MUMBAI: Food major Nestle India on Friday posted a profit of Rs 203.4 crore for the October-December quarter of 2010.
In the year-ago period, the firm had a profit of Rs 112.9 crore, Nestle said in a regulatory filing on Friday.
Total income in the quarter rose to Rs 1,684.9 crore compared to Rs 1,362.4 crore in the same period a year ago.
For the full year ended December 2010, the profit rose to Rs 818.7 crore against Rs 655 crore in the year-ago period.
"We have now delivered 16 consecutive quarters of double digit growth. However, we are starting 2011 with a number of uncertainties, including the intensity of cost increases specially the volatile raw material prices," Nestle India's Chairman and Managing Director Antonio Helio Waszyk said.
"We are also hopeful that the Government will continue to support the food processing sector so we can continue to expand manufacturing and employment to provide consumers with affordable products," Waszyk added.
Shares of Nestle India climbed nearly Rs 17 to close at Rs 3,461.15 apiece on the Bombay Stock Exchange.
In the year-ago period, the firm had a profit of Rs 112.9 crore, Nestle said in a regulatory filing on Friday.
Total income in the quarter rose to Rs 1,684.9 crore compared to Rs 1,362.4 crore in the same period a year ago.
For the full year ended December 2010, the profit rose to Rs 818.7 crore against Rs 655 crore in the year-ago period.
"We have now delivered 16 consecutive quarters of double digit growth. However, we are starting 2011 with a number of uncertainties, including the intensity of cost increases specially the volatile raw material prices," Nestle India's Chairman and Managing Director Antonio Helio Waszyk said.
"We are also hopeful that the Government will continue to support the food processing sector so we can continue to expand manufacturing and employment to provide consumers with affordable products," Waszyk added.
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Shares of Nestle India climbed nearly Rs 17 to close at Rs 3,461.15 apiece on the Bombay Stock Exchange.
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