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New Delhi, Nov. 1

On the back of tax benefits and export incentives received during the quarter ended September 2009, Nestle India reported a 39 per cent increase in its net profit for the second quarter. Net profits stood at Rs 183 crore against Rs 132 crore in the corresponding quarter last year. Net sales stood at Rs 1,302 crore, a growth of almost 18 per cent over Rs 1,107 crore in the corresponding quarter last year. Commenting on the performance, Mr Antonio Helio Waszyk, new Chairma n and Managing Director of Nestlé India, stated, “Creating shared value for stakeholders and nutrition, health and wellness leadership are the cornerstones of our business model and key reasons for our continued success. The Nestlé Group’s research capabilities and our focus is on science based nutrition enable us to develop new products.”

– Our Bureau

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