Nestle India Q4 net up 13% at Rs 231 cr

Nestle India today said its net profit rose 13.48% to Rs 230.83 crore for the fourth quarter ended December 31.

The company had posted net profit of Rs 203.40 crore for the October-December quarter of 2010, Nestle India said in a filing to the Bombay Stock Exchange (BSE).

Net sales rose to Rs 1,954.68 crore during Q4, 2011, compared to Rs 1,670.96 crore in the same period 2010.

Nestle India Chairman and Managing Director Helio Waszyk said: "We are proud to be part of India's success story and continue to create shared value with our business partners and in the communities where we operate."

The company's board, which met today, has approved a final dividend of Rs 12.50 per share for 2011.

For the entire 2011, Nestle posted net profit of Rs 961.55 crore, up from last year's Rs 818.66 crore.

Net sales of the company for the year stood at Rs 7,490.82 crore, compared to Rs 6,254.75 crore in 2010.

Shares of Nestle India today closed at Rs 4,397.55 on the BSE, up 1.99% from previous close.