Nestlé India Q2 net up by 30.37%

Nestlé India Ltd has posted a net profit of Rs 583.30 million for the quarter ended June 30, 2002 as compared to Rs 447.40 million for the quarter ended June 30, 2001. Total Income has increased from Rs 4717.40 million for the quarter ended June 30, 2001 to Rs 5202.20 million in the quarter ended June 30, 2002.

Chairman & Managing Director Mr. Carlo M Donati cautions regarding the difficult market environment but expresses pride in the Nestlé team. "I am happy with the results achieved for the quarter & for the first half of the year, but sustainable growth continues to be under pressure. Difficult market conditions, weak consumer sentiment, particularly in the FMCG area, could be further compounded by the unfortunate possibility of a failing monsoon & may impact the performance for the second half of the year.