Nestle India has reported a rise of 13.48% in its net profit to Rs 230.83 crore for the fourth quarter ended December 31, 2011. The company had posted net profit of Rs 203.40 crore for the October-December quarter of 2010.
Net sales rose to Rs 1,954.68 crore during Q4, compared to Rs 1,670.96 crore in the same period 2010.
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.
The company's board has approved a final dividend of Rs 12.50 per share for 2011.
