Nestle Q2 net up by 33pc to Rs 162 crore

Nestle Q2 net up by 33pc to Rs 162 croreNestle India, leading food products major has reported 33% decent growth in its net profit which stood at Rs 162 crore in the quarter ended June 30, 2009.

In a communiqué, the company has informed that it has clocked a net profit of Rs 121 crore in the comparable period last year.

During the quarter under consideration, Nestle's net sales have witnessed a jump by 16.8 per cent to Rs 1,209 crore from Rs 1,035 crore in the same period last year.

A company official during press conference has informed that this continuing robust financial performance, allowing the company to create economic prosperity even in these challenging times.

According to an official communiqué, net profit of the company for the six-month period ending June 30, stood at Rs 359 crore, up by 27.7% compared with the same period last year.

The company's net sales have witnessed a growth of 16.4% to Rs 2,475 crore in the six-month period, over the corresponding period last fiscal.

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