FMCG major Nestle India posted 6.07 percent increase in net profit at Rs 287.86 crore for the second quarter ended June 30, 2014.
FMCG major Nestle India posted 6.07 percent increase in net profit at Rs 287.86 crore for the second quarter ended June 30, 2014. The company had posted a net profit of Rs 271.38 crore during the April-June quarter of 2013-2014. The company, which follows January-December financial year, reported net sales of Rs 2,418.91 crore in the quarter under review, up 9.29 per cent as against Rs 2,213.21 crore in the same period of previous year.
the company is now a debt free company after paying last instalment of USD 35 million (total borrowing of USD 192 million) of external commercial borrowing in July. For the half year ended June 30 2014, Nestle India's net profit stood at Rs 547.02 crore as against Rs 550.47 crore in the same period last year. Net sales during the half-year period stood at Rs 4,732.37 crore as compared to Rs 4,461.29 crore in the same period of the previous fiscal, the company said.
FMCG major Nestle India posted 6.07 percent increase in net profit at Rs 287.86 crore for the second quarter ended June 30, 2014. The company had posted a net profit of Rs 271.38 crore during the April-June quarter of 2013-2014. The company, which follows January-December financial year, reported net sales of Rs 2,418.91 crore in the quarter under review, up 9.29 per cent as against Rs 2,213.21 crore in the same period of previous year.
the company is now a debt free company after paying last instalment of USD 35 million (total borrowing of USD 192 million) of external commercial borrowing in July. For the half year ended June 30 2014, Nestle India's net profit stood at Rs 547.02 crore as against Rs 550.47 crore in the same period last year. Net sales during the half-year period stood at Rs 4,732.37 crore as compared to Rs 4,461.29 crore in the same period of the previous fiscal, the company said.
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