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Friday, Jul 30, 2004

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Corporate Results - Food & Dairy Products

Nestle net drops 36 pc

Our Bureau

New Delhi , July 29

NESTLE India has declared net sales of Rs 544.39 crore and 36 per cent lower net profit of Rs 42.78 crore for the quarter ended June 30. The company's board of directors had declared an interim dividend of Rs 10 per share for the year 2004 earlier this month which will be payable from July 30, it said in a statement.

Domestic sales during the quarter under review were up by 3.1 per cent to Rs 485.31 crore. The statement said they were negatively impacted by a selective rationalisation of pipeline stocks in certain geographies and products and that this was done in keeping with the company policy of providing fresh stocks to the consumer.

Domestic sales for the quarter have also been impacted by the lower availability of milk fat, it added.

While export sales during the quarter have increased by 6.5 per cent in volume terms, they have declined in value terms by 21.4 per cent over the same period last year.

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Stories in this Section
Datamatics net down 7 per cent

Ramco Ind net up 15 pc
MCF total income higher 102 pc
Nestle net drops 36 pc
IVRCL net jumps 65 pc
HPCL net surges 57 pc in first quarter
Divi's Labs net profit slips to Rs 14.33 cr
Lupin net profit down
GSK Pharma Q1 net down
JB Chem net up 11 pc
9 pc rise in Dabur Pharma net
SAIL posts record 336 per cent rise in first quarter net profit
MRF third quarter PAT at Rs 17 crore
Price cuts, ad spend shave HLL profit by 46 pc in Q2
Gillette India net rises 44%
Zee Tele net rises
MICO reports 60 pc higher profit at Rs 104.3 cr
Sundaram Brake Linings net up 32 pc in Q1
Impal net up
Ashok Leyland Q1 net zooms 116 pc
Agro Tech back in black
Subex Q1 net up 26 pc
Hertiage Foods Q1 net falls
Cholamandalam net at Rs 9.42 cr
Tube Investments Q1 sales up, net down
Berger International revenue rises
Paper Products sales at Rs 200 cr
Karnataka Bank Q1 net up 12 pc; to pay Rs 4
Andhra Bank Q1 net up 27 pc
Fall in trading profit pulls down BoI net
Dena Bank net rises 26 pc
IDBI first quarter net dips to Rs 23 cr
Essel Propack Q1 net up at Rs 9.7 cr

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