• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi, Oct 31 Nestle India Ltd has reported an increase of 39.86 per cent in its net profit for the third quarter ended September 30, 2007, on the back of a transformation in the organisational structure and greater focus on nutrition, health and wellness in its products.

The Q3 net profit stood at Rs 116.06 crore, up from Rs 82.98 crore in the corresponding quarter previous year. Its net sales for the quarter also saw a rise of 25.47 per cent to Rs 906.74 crore (Rs 722.66 crore).

Commenting on the quarter results, Mr Martial Rolland, Chairman and Managing Director, Nestle India, said, “We made very significant changes over several quarters and continue to do so. We transformed our organisational structure, drove innovation and renovation whilst strengthening our focus on consumers and customers as well as nutrition, health and wellness. All these are being reflected in these past few quarters.”

The exports during the quarter, however, dropped by 19.94 per cent to Rs 68.54 crore (Rs 81.87 crore).

The company continued its strengthened focus on its dairy business during the quarter and launched Nesvita Fruit Yoghurts with probiotics and Nestle Milkmaid Funshakes in three variants, Chocolate, Mango and Banana.

Also, during the quarter, while the chocolate and confectionery business launched POLO Sugar free, MAGGI added ‘Sweet Corn’ to the portfolio of Maggi Healthy Soups.

More Stories on : Food & Dairy Products

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Subscriber base boosts Bharti Airtel net 73%

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line