The Hindu Business Line : Nestle India net rises

NEW DELHI: Nestle India Ltd said on Friday that its first-quarter profit rose 21.3 per cent to Rs 78.05 crore from Rs 64.37 crore in the same period last year.

Net sales for the quarter were Rs.613.53 crore - a 5.5 per cent increase compared to the same period in 2004.

In a statement, Mr Martial Rolland, Chairman and Managing Director of Nestle India, said, "We are focused on growing our topline, improving market shares, rationalising organisational structure and enhancing operational efficiencies through Nestle group's `Operational Excellence' initiative. At the same time, we are renewing our focus on innovation and renovation and leveraging our access to world-class technology available with Nestlé S.A, to increase nutrition, health and wellness across our product portfolio."

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