Nestle India Quarter 2 net up 11.24 per cent

Mumbai, Oct 28: Nestle India Ltd has posted a net profit of Rs 82.98 crore for the quarter ended September 30, 2006 as compared to Rs 74.59 crore for the quarter ended September 30, 2005, an increase of 11.24 per cent.

Announcing the results, the company said its total income (net of excise) has increased from Rs 630.48 crore for the quarter ended September 30, 2005 to Rs 727.33 crore for the quarter ended September 30, 2006.

In this context, Mr Martial Rolland, Chairman&Managing Director of Nestle said,''Our results for the quarter have been strong as we continue to consolidate ourselves as the leading Company in Nutrition, Health and Wellness.''

UNI