Nestle India disclosed a small rise in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company rose 6.07% to Rs 2,878.60 million from Rs 2,713.80 million in the same quarter last year. Net sales for the quarter rose 9.41% to Rs 24,319.70 million, compared with Rs 22,227 million for the prior year period. Earnings per share for the quarter stood at Rs 29.86, registering 6.11% growth over previous year period.
Nestle is the world's leading Nutrition, Health and Wellness company. Our mission of 'Good Food, Good Life' is to provide consumers with the best tasting, most nutritious choices in a wide range of food and beverage categories and eating occasions, from morning to night.
The Company was founded in 1866 by Henri Nestlé in Vevey, Switzerland, where our headquarters are still located today. We employ around 2,80,000 people and have factories or operations in almost every country in the world. Nestlé sales for 2009 were CHF 108 bn.
Quarterly Results - Standalone (Rs in mn) |
As at | Mar - 14 | Mar - 13 | %Change |
Net Sales | 24,319.70 | 22,227.10 | 9.41 |
Net Profit | 2,878.60 | 2,713.80 | 6.07 |
Basic EPS | 29.86 | 28.14 | 6.11 |
Shares of the company gained Rs 117.3, or 2.22%, to settle at Rs 5,406.60. The total volume of shares traded was 14,798 at the BSE (Thursday).