NESTLE INDIA NET UP 16%
Article Abstract:
Nestle India Ltd has recorded 16 percent higher net profit at Rs86 crore for the year ended December 31, 1998 (Rs74 crore for the year ended December 31, 1997). The sales increased by 12 percent to Rs1,600 crore (Rs1,425 crore). Gross profit after interest but before depreciation and taxation was estimated at Rs173 crore. The company provided Rs7 crore for contingencies (Rs35 crore). Milk products, coffee, infant milk and health beverages contributed substantially to the good performance of the company. (um)(psr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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HLL TO REVAMP DISTRIBUTION TO PUSH RURAL REACH
Article Abstract:
Hindustan Lever Ltd (HLL) owns the Rs200 crore A1 tea brand. HLL is to revamp its distribution system to reach the consumers in the villages. Its beverages business has 2,700 stockists spread across India, covering 6 lakh outlets. Of this, 2.5 lakh outlets account for the rural sector. They are spread across 40,000 villages. HLL is able to reach about 10 percent of India's villages. (gs)
Comment:
Will revamp distribution sys to reach village consumers in which it is only able to reach about 10% at present
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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