Nestlé India Ltd has announced the following unaudited results for the quarter ended June 30, 2005:
The Company has posted a net profit of Rs 827.70 million for the quarter ended June 30, 2005 as compared to Rs 427.80 million for the quarter ended June 30, 2004. Total Income has (net of excise) increased from Rs 5174.00 million in Q2-04 to Rs 6237.80 million for the quarter ended June 30, 2005.
Mr. Martial Rolland, Chairman and Managing Director of the Company stated "Nutrition, health and wellness have been part of the DNA of Nestlé since its inception in 1866 and the Company, with its strong research-driven science and brands is uniquely placed to leverage these elements within our portfolio. With this in mind and a closer understanding of our consumers and customers, we will grow our existing brands and accelerate our innovation and renovation process, as can be seen with the recent successful launch of MAGGI Vegetable Atta Noodles. I am satisfied with our quarterly performance and I am confident that we are on the right track."