Nestlé India has posted a phenomenal increase in net profit for the period Q1 (ending Mar 2011) of the current fiscal (FY11). During the said quarter, net profit rises 26.68% to Rs 255.71 crore in comparison to Rs 201.86 crore of Q1 (ending Mar 2010) of previous year(FY10). Nestlé India is a subsidiary of Nestlé S.A. of Switzerland. The company was established in India in 1961, in an effort to upgrade the existing standards of the Indian milk industry at that period. The first production unit was launched in Punjab.
The company informed the share market (BSE/NSE) that the total income increased 22.42% to Rs 1722.74 crore in quarter ended Apr 2011 when compared with the last years same quarter ended Apr 2010 which was Rs 1488.91 crore.
Share’s Data :-
BSE Code : 500790
Mkt. Cap: Rs 36,908.67 Crores
Nestle India Ltd. share’s CMP is Rs 3,828.70 on 21st Apr 2011.
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