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Nestle net up 12% in 3QFY2000 - Views on News from Equitymaster
 
 
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  • Oct 26, 1999

    Nestle net up 12% in 3QFY2000

    Snack food and health beverages major Nestle India has declared a 12% jump in their third quarter net profit to Rs 363 m. Sales declined by 3% to Rs 4,169 m, mainly on account of a 17% decline in export turnover to Russia.

    Domestic sales were flat on account of price cuts in the coffee business and declining market share. However, lower raw material cost (coffee) led to a sharp margin expansion. A significant drop in interest costs also helped the company put up a face saving performance.

    (Rs m) 3QFY2000 3QFY1999 Change
    Sales 4,169 4,286 -2.7%
    Other Income 25 34 -26.5%
    Expenditure 3,491 3,680 -5.1%
    Depreciation 80 77 3.9%
    Interest 62 112 -44.6%
    Profit before Tax 561 451 24.4%
    Tax 198 126 57.1%
    Profit after Tax 363 325 11.7%
    Net profit margin 8.7% 7.6%  

     

     

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