Nestlé Q1 net up by 55.05%

Nestlé India Ltd has posted a net profit of Rs 614 million for quarter ended March 31, 2002 as compared to Rs 396 million for corresponding period last fiscal. The total income has increased from Rs 4537 million in MQ 2001 to Rs 5346 million in MQ 2002

This is due to increased sales coupled with benefits resulting from favorable commodity prices, which have now started to firm up.