Nestlé India announces Q4 & FY 05 results

Nestlé India has announced the following results for the quarter & year ended December 31, 2005:

The Unaudited results for the quarter ended December 31, 2005

The Company has posted a net profit of Rs 741.60 million for the quarter ended December 31, 2005 as compared to Rs 764.90 million for the quarter ended December 31, 2004. Total Income net of excise has increased from Rs 5768.60 million for the quarter ended December 31, 2004 to Rs 6285.40 million for the quarter ended December 31, 2005.

The Audited results for the year ended December 31, 2005

The Company has posted a net profit of Rs 3095.70 million for the year ended December 31, 2005 as compared to Rs 2519.20 million for the year ended December 31, 2004. Total Income net of excise has increased from Rs 22420.30 million for the year ended December 31, 2004 to Rs 25006.40 million for the year ended December 31, 2005.

The Board of Directors has recommended a final dividend for 2005 of Rs 2/- per equity share, for approval of the shareholders.

The 47th Annual General Meeting of the Company will be held on April 25, 2006.

Mr. Martial Rolland, Chairman and Managing Director of the Company stated, "Nestlé India has performed well during the year and I am satisfied with the direction in which we are moving. Our strong brands and our strive towards continuous innovation and renovation helped us achieve sustainable and profitable growth. All this is done with a strong involvement of the community, an involvement that has expanded and has never wavered since our early 1960s pioneering work in the milk district of Moga, Punjab."