Nestle India has posted an 80.12 per cent year-on-year increase in its net profit for the quarter ended 31 December 2010, at Rs203.40 crore, against Rs112.92 crore during the quarter ended 31 December 2009.
Total income of the company during the quarter increased to Rs1,684.86 crore from Rs1,362.35 crore during the quarter ended 31 December 2009, unaudited results showed.
The board of directors of Nestle India Ltd has declared a final dividend of Rs12.50 per equity share of face value Rs10 each. This is in addition to the two interim dividends of Rs9 and Rs27 each paid in 2010. This takes the total dividend for the year 2010 to Rs48.50 per share (or 485 per cent, the same as in 2009.
The company reported a 23.6 per cent rise in net sales, at Rs1,671 crore, during the quarter ended 31 December 2010.
Nestle India said profits from operations and net profit are not entirely comparable as last year's results were adversely affected by higher employee cost resulting from "one-off" actuarial losses and brand-building / demand generating activities.
Audited results for the year ended 31 December 2010 showed a 25 per cent year-on-year increase, at Rs818.66 crore, against Rs655.00 crore during the previous year ended 31 December 2009.