Nestle

Nestle India tumbles 4%, nears 52-wk low as BoFA downgrades to Underperform

The decline in Nestle's share price came after reports suggested that global brokerage firm BoFA Securities has downgraded the stock to 'Underperform' from 'Neutral.'

Nestle India considering price hikes to counter commodity inflation

Profits at Corporate India came under pressure in the October-December quarter due to the double whammy of consumers cutting back due to inflation in large cities and high prices of commodities

Nestle beats sales forecasts but expects profit margin to shrink in 2025

Under new CEO Laurent Freixe, the company is trying to grow sales volumes, invest in innovation and restore investor confidence after years of soaring prices alienated shoppers

Nestle India Q3 results: Profit rises over 6% to Rs 696 cr, revenue up 4%

For Nestle India, home to Nescafe instant coffee and KitKat chocolate brands, revenue increased nearly 4 per cent to Rs 4,780 crore

Buy or Sell? This MNC FMCG stock trades at 7-yr support; can fall up to 22%

Nestle India share price has tumbled nearly 23% in the last 4 months, and now trades 5% away from its key long-term support on the monthly chart; the stock has held since November 2017.

E-commerce just got bigger: FMCG brands like ITC, Amul, Nestle lead the way

FMCG giants like ITC, Nestle, Amul, and Dabur are expanding their e-commerce platforms across cities, offering up to 30 per cent discounts, aiming to boost customer base and direct sales

No impact of Swiss withdrawal of MFN status to country: Nestle India

FMCG major Nestle India on Thursday said the suspension of the MFN (most favoured nation) clause granted to India by Switzerland will have 'no impact' on the company. The suspension of MFN status under the Double Taxation Avoidance Agreement (DTAA) is a policy issue between the government of India and Switzerland and is not 'Nestle-specific', the FMCG firm said in a statement. Nestle India, which owns popular brands such as Maggi, Nescafe and KitKat, said the company was already "deducting 10 per cent withholding tax" on cross-country payments. Earlier on December 11, the Swiss government had announced the suspension of the MFN status granted to India following a ruling by the Supreme Court of India, which in a judgement last year had said MFN status under the DTAA cannot be enforced unless notified under Section 90 of the Income Tax Act. This judgement of the apex court had come in a case related to Nestle, where it overturned an earlier order passed by the Delhi High Court in 202

Nestle rolls out protein shots for US weight-loss drug users to curb hunger

The weekly weight-loss injections mimic an intestinal hormone called GLP-1 and curb people's appetite, promoting a feeling of fullness

Switzerland suspends MFN: What is the clause and its meaning for India?

Explained: What is the most favoured nation clause and why did Switzerland suspended it for India after the Nestle's 2023 Supreme Court ruling

Equity boom spurs shareholder activism, reshapes corporate boardrooms

Large investors now assert their right to have a say in investee companies, underscore analysts

Nestle to cut costs by $2.8 bn, boost marketing under CEO Laurent Freixe

The repercussions continue to weigh on the Swiss company's revenue after shoppers switched to cheaper, better advertised or more innovative brands, eating into Nestle's market share

Nestle and P&G probe palm oil sourcing after Indonesia deforestation claims

Some images, which RAN said were taken during a field investigation in February 2024, showed that oil palm seedlings were planted on burnt ground surrounded by fallen trees inside the reserve

Nestle India net up 8.6% at Rs 986 cr in Q2 as demand remains a challenge

The firm to launch 14 'no-refined sugar' variants of Cerelac next month, on the heels of allegations that the brand added sugar to its baby foods in low and middle income countries

Nestle to launch of 'no refined sugar' variants of infant food Cerelac

FMCG major Nestle India on Thursday said it will soon launch variants "with no refined sugar" of its infant food Cerelac. The announcement is important as Nestle India, part of Swiss multinational Nestle SA, recently faced criticism for having added sugar in Cerelac. In the company's earnings statement CMD Suresh Narayanan said: "We have achieved our ambition of introducing Celerac variants with no refined sugar." This was initiated three years ago and culminated this year with the introduction of new Cerelac variants with no refined sugar, he added. "The expanded Cerelac range in India will now consist of 21 variants, of which 14 variants will have no refined sugar," he said. Of these 14 variants, 7 will be available by end of November 2024 and the rest will be introduced in the coming weeks, he added. In April this year, Public Eye, a Swiss investigative organisation, and the International Baby Food Action Network (IBFAN), alleged that Nestle added sugar to its Cerelac products

Nestle launches Cerelac variants with no refined sugar in Indian market

The company confirmed that seven of the 14 sugar-free versions will be available in Indian stores by the end of November, with the remaining seven set to be introduced in the following weeks

Nestle Q2 results: Profit drops 0.94% to Rs 899.49 cr, net sales up 1.3%

FMCG major Nestle India Ltd on Thursday reported a marginal decline of 0.94 per cent in its net profit at Rs 899.49 crore for the quarter that ended September 2024, in which it faced high commodity prices and some of its key brands faced softer consumer demand. The company had posted a net profit of Rs 908.08 crore in the July-September period a year ago, according to a regulatory filing from Nestle India. However, Nestle India's revenue from the sale of products was up 1.3 per cent to Rs 5,074.76 crore in the September quarter. It was at Rs 5,009.52 crore in the corresponding period last fiscal. Its total expenses in the September quarter were up 3.42 per cent to Rs 4,090.09 crore. Nestle India's domestic sales were up 1.23 per cent to Rs 4,883.14 crore, as against Rs 4,823.72 crore in the corresponding period of July-September. Its revenue from exports was also up 3.13 per cent to Rs 191.62 crore in the September quarter. Nestle India's revenue from operations, which includes o

Nestle India slips 4% after posting slightly lower Q2 net profit; Details

Nestle India reported a consolidated net profit of Rs 899.49 crore for the September quarter, compared to Rs 908.08 crore a year ago

Nestle to restructure after it misses nine-month organic sales forecast

In July, Nestle had said it expected full-year organic sales growth of at least 3 per cent and that its UTOP margin for 2024 would grow moderately

Amazon, Unilever veteran Manish Tiwary set to become Nestle India MD

Since 2013, Amazon has invested around $6.5 billion in the e-commerce business in India

Nestle nominates former Amazon India exec Manish Tiwary as India MD

Tiwary, who was the country manager of Amazon India, was appointed as the Managing Director of Nestle India effective from August 1, 2025, according to a regulatory filing