Page 11 - Nestle India

Margin war: Nestle India, ITC agree on price parity with distributors

In the last 20 days, AICPDF had written two letters to FMCG companies to resolve the issue of price disparity.

Nestle gets govt approval for PLI scheme for processed fruits, vegetables

FMCG major Nestle India on Tuesday said it has received approval from the government for the production-linked incentive (PLI) scheme for processed fruits and vegetables. In June 2021, the company had submitted its proposal towards the Indian government's PLI for the food processing sector under the eligible categories of ready-to-eat/ready-to-cook and processed fruits and vegetables, Nestl India said in a regulatory filing. It further said that on December 6, 2021, the company has "received communication from the Government of India that its proposal with respect to processed fruits and vegetables has been approved". Thanking the government for the approval, Nestl India said it has "always believed that the PLI scheme for the food processing sector will help farmers and the food processing industries". It is overall a good step for an industry that has one of the better ratios of capital investment and employment generation, the company said. The food processing ministry on Monda

Sensex sheds 456pts, Nifty gives up 18,300; Airtel, SBI buck the trend

Stock market LIVE: All sectoral indices barring telecom ended in the the negative zone; Declining stocks out-numbered advancing shares in the ratio 2:1 on the BSE

Nestle India Q3 net up 5% to Rs 617 cr; net sales up 9.6% to Rs 3,865 cr

Organised trade witnessed a resurgence in the third quarter with strong revenue growth in mid-twenties after a muted second quarter which was impacted by the second wave of COVID-19.

Sensex snaps 7-day winning run, ends 50 pts down; IRCTC tanks 9%, ITC 6%

The market breadth also favoured sellers amid profit-booking in the broader markets. The BSE MidCap and SmallCap indices ended nearly 2 per cent down each

Food inflation spectre will haunt us in 2022, says Nestle India chief

Says 2022 going to be difficult year on higher commodity prices

2022 to be a difficult year on higher commodity prices: Nestle India chief

Nestle India chief Suresh Narayanan said that 2022 will likely be a "difficult year" as commodity prices are expected to rise and result in the spectre of food inflation for the manufacturers.

Nestle India hits new high of Rs 20,000; stock up 13% so far in August

On July 29, 2021 the board approved scheme of arrangement, which envisages the transfer of the entire balance of Rs 837.43 crore standing to the credit of the general reserve to the retained earnings

June-quarter miss, valuations may restrict upside in Nestle India

Brokerages have cut their profit estimates by 3-5 per cent

F&O expiry: Sensex gains 209 pts; Nifty Metal index zooms 5%, PSB index 3%

Tata Steel (up 6.8 per cent), Bajaj twins, SBI, HCL Tech, and Sun Pharma were the top gainers on the Sensex today

Stocks to watch: Tatva Chintan, Nestle India, TechM, Axis Bank, ABB India

HCL Technologies on Wednesday said it has appointed Jill Kouri as its Chief Marketing Officer

Nestle India Q2 PAT up 11% to Rs 539 cr, sales up 14%

Steep commodity inflation impacted margins; while staff benefit expenses remained stable, total expenses grew 14% as other operating expenses surged too

Nestle India Q2 PAT rises 11% YoY to Rs 539 crore, misses estimates

The FMCG major's revenue from operations for the quarter under review came in at Rs 3,476.7 crore as against Rs 3,050.48 crore posted in the corresponding quarter last fiscal

Sensex rebounds 640 pts from day's low to end 135 pts down; Airtel jumps 5%

Bargain hunting in domestic equities helped the markets rebound swiftly from intra-day lows on Wednesday

Stocks to watch: Maruti Suzuki, Nestle, IndiGo, IIFL Finance, IndusInd Bank

IndiGo posted its highest ever quarterly loss of Rs 3,174.17 crore during the April-June period

Nestle India Q2 preview: Net profit could rise up to 20% YoY, say analysts

Better supply chain compared to base quarter would lead to strong sales in products such as Maggie, Kit Kat, and infant products, brokerage Sharekhan said

Investors shun top FMCG stocks amid market rally; Tata Consumer outlier

M-cap of top 10 firms has risen 12% in 1 year, against 42% rally in Nifty50

Investors dump FMCG for financials; Sensex gains 375 pts, ends above 48K

From a low of 30,555 hit earlier in the day, the Nifty Bank index ended at 31,783, up 2.15 per cent

Stocks to watch: Nestle India, Hero Moto, ICICI Securities, Cyient, Lupin

Cyient, Tata Elxsi and 10 other companies will release their quarterly earnings on April 22

Rural push, new launches to sustain growth trajectory for Nestle India

Valuations are, however, rich limiting the upside potential