Nestle India Q3 profit rises 13.5%

Despite facing steep inflation on the commodities front, dairy products and foods company Nestle India posted a 13.52 per cent rise in net profit at Rs 131.76 crore for the third quarter ended September 30, 2008, compared to Rs 116.06 crore for the corresponding quarter last year.

Its total income increased 22 per cent to Rs 1,107.6 crore in the quarter, against Rs 906.7 crore for the corresponding quarter last year. Shares of Nestle India closed at Rs 1,450, up 1.99 per cent on the BSE.