Nestlé India announces Audited Q4 & FY-03 Results

Nestlé India Ltd has posted a net profit of Rs 454.20 million for the Quarter ended December 31, 2003 (DQ-03) as compared to a Net Profit of Rs 376.70 million in the Quarter ended December 31, 2002 (DQ-02). Total Income has increased from Rs 4907.80 million in DQ-02 to Rs 5717.70 million in DQ-03.

The Company has posted a net profit of Rs 2630.80 million for the year ended December 31, 2003 (FY-03) as compared to a Net Profit of Rs 2015.20 million in the previous year ended December 31, 2002 (FY-02). Total Income has increased from Rs 20756 million in FY-02 to Rs 23076.60 million in FY-03.

The Board of Directors at their meeting held today (March 15, 2004) have not recommended any final dividend for the year 2003 taking into account the two interim dividends for the year 2003 of Rs 10 each aggregating to Rs 20 per equity share.

The Register of Members and Share Transfer Books of the Company will remain closed from April 26, 2004 to April 30, 2004, both days inclusive for the purpose of Annual Closing.