Nestle India Q1 net up 1 per cent at Rs 279 crore

FMCG major Nestle India today posted 1.21 per cent increase in its consolidated net profit at Rs 279.09 crore for the first quarter ended March 31, 2013.

The company had posted a net profit of Rs 275.73 crore during the same period of previous year, Nestle India said in a statement.

Net sales of the company rose to Rs 2,248.08 crore for the first quarter, compared to Rs 2,047.45 crore in the same period of previous year.

The company follows January-December financial year.

Shares of Nestle India were trading at Rs 4,853.85 on the Bombay Stock Exchange in late afternoon trade, down 1.12 per cent from its previous close.