Nestle

Over 400K KitKat bars stolen en route from Italy to Poland, says Nestle

Swiss food giant Nestle says about 12 tons, or 413,793 candy bars, of its KitKat chocolate brand were stolen after leaving its production site in Italy earlier this week for Poland. The company, based in Vevey, Switzerland, said in a statement on Friday that "the vehicle and its load are still nowhere to be found". The shipment of the crunchy bars, made of waffles covered with chocolate, disappeared last week while en route between production and distribution locations. The chocolate bars were to be distributed throughout Europe. The missing candy bars could enter unofficial sales channels across European markets, the company said, but if this does happen, all products can be traced using the unique batch code assigned to individual bars. A spokesperson for KitKat said that as a result, consumers, retailers and wholesalers would be able to identify if a product is part of the stolen shipment by scanning the on-pack batch numbers. If a match is found, the scanner will be given clea

Nestle in talks to sell ice cream business as overhaul gathers pace

Nestle had already handed the reins of its European and US ice cream units to Haagen-Dazs owner Froneri, a joint venture it established with European buyout firm PAI Partners in 2016

Nestle CEO, management under pressure as infant formula crisis adds to woes

The tainted infant-milk mess, triggered by a contaminated ingredient, came as the world's biggest food company was already struggling to revive its shares from their multi-year lows

Nestle's mid-teen profit growth depends on stable demand, lower costs

Domestic volumes surged and exports grew sharply in Q3FY26, aided by GST reforms, though higher raw material costs weighed on margins, with management prioritising growth over profitability

Brokerages raise target price on Nestle as Q3 results beat expectations

Nestle reported an 18.6 per cent growth in consolidated net sales to ₹5,667 crore from ₹4,780 crore in the year-ago period

Nestle India sees strongest volume growth in 5 years; profit surges 45%

FMCG major reports 45.1% year-on-year jump in Q3 FY26 net profit, driven by volume-led sales growth, with confectionery and beverages leading performance

Nestle India Q3FY26 results: Profit jumps 46% as GST rate cuts boost demand

The Indian unit of Swiss food major Nestle said net profit ‌rose to ₹1,018 crore ($110.77 million) for the quarter ended December 31

Nestle India names Edouard Mac Nab as its new chief financial officer

He will succeed Svetlana Boldina, whose term as Nestle India's CFO is set to end on January 31

Nestlé to cut 16,000 jobs globally: New CEO pushes restructuring to revive growth

Nestlé, the world’s largest food and beverage company, has announced it will slash 16,000 jobs over the next two years.

Nestle plans to slash 16,000 jobs as new CEO speeds up turnaround

The reductions, which would amount to about 6 per cent of the workforce, will be made over the next two years, the maker of Nespresso coffee capsules and KitKat candy bars said

Eternal, Infosys Q2 results, India responds to Trump’s oil claim, Nestle to axe 16k jobs

Eternal, the parent company of Zomato and Blinkit, reported a consolidated net profit of ₹65 crore for Q2 FY26, marking a 63% YoY decline from ₹176 crore in the same quarter last year.

Nestle India Q2 results: Consolidated net profit slips 17.4% to ₹743 cr

FMCG major Nestle India Ltd on Thursday reported a 17.37 per cent decline in consolidated net profit to Rs 743.17 crore for the September 2025 quarter. The company had posted a net profit of Rs 899.5 crore a year ago, according to a regulatory filing by Nestle India. The company said its revenue increased 11 per cent to Rs 5,630.23 crore in the September quarter, from Rs 5,074.76 crore in the corresponding period of the last fiscal year. The total expenses of Nestle India rose 12.9 per cent to Rs 4,616.73 crore in the second quarter of this financial year. In the September quarter, Nestle India's domestic sales climbed 10.8 per cent to Rs 5,411.02 crore, as against Rs 4,883.14 crore in the corresponding period of the previous fiscal. Its exports surged 14.4 per cent to Rs 219.21 crore. Chairman and Managing Director Manish Tiwary said domestic sales grew at a double-digit rate, led by volume growth. "Three out of four product groups delivered strong volume, led by double-digit g

Nightmare at Nestle: World's biggest food company faces a reckoning

The share price has dropped more than 40 per cent since a peak in 2022, hit by falling volumes, bloated costs, volatile consumer demand, and missteps by a management team

Nestle chairman Paul Bulcke to step down days after CEO dismissal

Bulcke will be succeeded by Vice Chairman Pablo Isla, effective October 1. Bulcke was earlier supposed to hand over the reins to Isla in April 2026

HUL, Nestle: FMCG stocks rise up to 7% on GST reforms; analysts weigh

Nifty FMCG rose 2.66 per cent in early deals after the Goods and Services Tax (GST) Council, chaired by Finance Minister Nirmala Sitharaman on Wednesday, simplified the GST structure

How an anonymous hotline tip led to the dismissal of Nestle CEO Freixe

Nestle has dismissed its chief executive, Laurent Freixe, following an internal investigation. Philipp Navratil has been appointed the new CEO to lead the company forward

Nestle dismisses CEO Laurent Freixe over code breach, appoints Navratil

Nestle said the dismissal followed a probe into an undisclosed relationship, as leadership changes continue at the world's biggest food company

Trouble brews at Nestle: CEO's ouster raises questions on what's next

Nestle dismissed its CEO Laurent Freixe, with immediate effect after an internal investigation confirmed his romantic involvement with a direct subordinate

Keurig Dr Pepper brews coffee challenge with $18 bn JDE Peet's takeover

The deal, announced on Monday and offering a 20 per cent premium to JDE Peet's closing market price on Friday

Startups, regional brands good for business, says Nestle India CMD

Startups and regional brands are not only good for providing variety to consumers but also give established players the push to improve their product offerings, Nestle India's outgoing Chairman & Managing Director Suresh Narayanan said. Stressing on the importance of startups and regional brands operating in small catchment areas, Narayanan said Nestle India is working with startups as part of its accelerator program, to identify their potential and see how to partner with them. "Startups and regional brands are good for the business. They do two things -one, they extend the variety for the consumer, and secondly, they give us additional inspiration for improving, making ourselves faster and smarter," Narayanan told PTI during an interview earlier this week. According to Narayanan, today every brand has to be relevant to Gen Z and Gen Alpha consumers, who do not give much importance to the historical relevance of brands. "It goes by what is in it for me, so Maggi noodles have to ..