Nestle India Q4 Net Up
Nestle India, reported a 15.87 per cent rise in net profit at Rs 326.38 crore for the fourth quarter ended December 31, 2014. Nestle India, which follows January-December financial year, had posted a net profit of Rs 281.66 crore during the same quarter ended December 2013. Net profit for the year 2014 stood at Rs 1,184.7 crore, up from Rs 1,117.1 crore in 2013. Nestle India’s net sales during the quarter under review increased to Rs 2,516.1 crore, up 11.71% as against Rs 2,252.3 crore in the same period of previous year, Nestle said in a statement. Net sales during the year stood at Rs 9,806.27 crore compared to Rs 9,061.90 crore in the previous fiscal, the company said in a statement.