Nestlé India - Press Release on FY-02 Results

Commenting on the performance during 2002 Mr. Carlo M Donati Chairman and Managing Director of Nestlé India Ltd stated "The steady growth in sales and profits in the depressed economic environment is an outstanding achievement. Nestlé India team has again demonstrated its ability to stay focussed in its efforts for business excellence and continuous innovation and renovation to deliver value to consumers. I am concerned with the economic outlook but I am reassured that we have a capable, committed and professional team that has set high benchmarks for itself and can be expected to further consolidate on the trust that consumers place in the Nestlé Brands."