Nestlé India Ltd has announced the following unaudited results for the quarter ended September 30, 2005:
The Company has posted a net profit of Rs 745.90 million for the quarter ended September 30, 2005 as compared to Rs 688.50 million for the quarter ended September 30, 2004. Total Income (net of excise) has increased from Rs 5631.60 million in Q3-04 to Rs 6304.80 million for the quarter ended September 30, 2005.
Mr. Martial Holland, Chairman and Managing Director of the Company stated, "Our performance during the quarter and in the nine months of 2005 is good and shows that we are on the right track. I am confident that with the initiatives in place we will continue to record sustainable growth. Our seventh plant at Pantnagar in Uttaranchal for which the foundation stone has been laid on October 26 shows our confidence in the future and our continued commitment to the development of India.