Nestle India Ltd.

Nestle India reported results for the fourth quarter and year ended December 31, 2016.

The company has reported 8.67% fall in net profit at Rs 167.31 crore for the quarter ended December 31, 2016 as compared to Rs 183.19 crore for the same quarter in the previous year. However, total income of the company increased by 17.11% at Rs 2326.70 crore for the quarter under review as compared Rs 1986.73 crore for the corresponding quarter previous year.        

For the full year ended December 31, 2016, the company has reported 64.49% rise in its net profit Rs 926.54 crore for the year ended December 31, 2016, as compared to Rs 563.27 crore in the previous year. Total income of the company increased by 13.13% at Rs 9373.19 crore for the year under review as compared Rs 8285.40 crore in the previous year.     

Results for the quarter and full year ended December 31, 2016 are not entirely comparable with the results of the corresponding period/s due to MAGGI Noodles issue in 2015 and rebuild of the MAGGI Noodles business in 2016.