Nestle India today announced results for the first quarter of 2013 with a marginal rise in the net profit at Rs 279.1 crore, as against Rs 275.7 crore reported for the same period last year.  According to the company's press release, the reported net profit for this quarter is not comparable with the same period last year as it has been negatively impacted due to changes in regulatory procedures. 

The net sales for the quarter stood at Rs 2248.1 crore which has increased by 9.7% from the last year. 

Commenting on the results, A Helio Waszek, Chairman and MD, Nestle India says, "The start of the year expresses the caution that we have been expressing. While facing several challenges, our concerned efforts are starting to show positive signals in certain categories while in others it may take some more time. We expect some volatility to continue throughout 2013 but remain confident on our strategy to deliver long term sustainable profitable growth, which has been progressing well.”