Nestlé India - announces Q4 & FY 07 results and recommends final dividend

Nestlé India Ltd has announced the following results for the quarter & year ended December 31, 2007:

The Unaudited results for the Quarter ended December 31, 2007:

The Company has posted a net profit of Rs 936.10 million for the quarter ended December 31, 2007 as compared to Rs 624.60 million for the quarter ended December 31, 2006. Total Income has increased from Rs 7435.90 million for the quarter ended December 31, 2006 to Rs 9053.00 million for the quarter ended December 31, 2007.

The Audited results for the Year ended December 31, 2007:

The Company has posted a net profit of Rs 4138.10 million for the year ended December 31, 2007 as compared to Rs 3151.00 million for the year ended December 31, 2006. Total Income has increased from Rs 28366.70 million for the year ended December 31, 2006 to Rs 35297.90 million for the year ended December 31, 2007.

Nestlé India Ltd has also informed BSE that the Board of Directors of the Company at its meeting held on March 04, 2008, inter alia, has recommended a final dividend for 2007 of Rs 2.50 per equity share, for approval of the shareholders.

Further the Company has informed that, the Register of Members and Share Transfer Books of the Company will remain closed from April 25, 2008 to May 02, 2008 (both days inclusive) for the purpose of payment of final dividend & 49th Annual General Meeting of the Company to be held on May 02, 2008.