Nestlé India announces Q1 Results 2003

Nestlé India Ltd has posted a Net Profit of Rs 747.00 million for the Quarter ended March 31, 2003 (MQ-03) as compared to a Net Profit of Rs 614.40 million for the Quarter ended March 31, 2002 (MQ-02). Total Income has increased from Rs 5346.50 million in MQ-02 to Rs 6091.50 million in MQ-03.

Mr. Carlo Donati Chairman & Managing Director said, "The steady growth in sales and profits in recent years, even in a rather depressed economic environment is an outstanding achievement. We will continue to look for ways and means to offer value-for-money and focus on products that provide nutrition, wellness and convenience in today's challenging lifestyle."