FMCG major Nestle India reported 7.82% surge in its net profit to Rs 275.7 crore for the first quarter ended March 31, 2012. The company had posted a net profit of Rs 255.7 crore in the same period of previous year.
The company’s net sales stood at Rs 2,047.5 crore for the quarter under review, up by 13.12% as compared to Rs 1,809.99 crore in the same period last year.
During the quarter, $21 million were drawn down from Nestle SA for five years for capital expenditure under the External Commercial Borrowing approval from Reserve Bank of India.
