Nestlé announces Q3 results 2002

Nestlé India Ltd has posted a net profit of Rs 440.80 million for the quarter ended September 30, 2002 as compared to Rs 526.70 million in the quarter ended September 30, 2001. Total Income has decreased from Rs 5360.10 million in SQ-01 to Rs 5299.30 million in the quarter ended September 30, 2002.

The uncertain market conditions and weak consumer confidence persisted through the third quarter with drought like conditions and falling monsoons in many parts of the country weakening the market. Impact on Nestlé’s business was mitigated, as the company continued to focus on efforts to better understand and anticipate consumer needs to enable it to develop products that provide nutrition and wellness. Improved product portfolio, rationalisation of distribution costs, value for money and affordability continued to be thrust areas. The company maintained its emphasis on continuous improvement and the implementation of best practices to support its efforts for long term sustainable and profitable growth.