Page 5 - Nestle India

Nestle India to pay royalty fee to Swiss parent at current rate of 4.5%

As many as 57 per cent of the company's shareholders had rejected the proposal, the company had informed the exchanges

Rahul Gandhi stocks outperform; Nestle, Pidilite up 1% in a falling market

At 11:49 am; Nestle India (Rs 2,385.45), Pidilite Industries (Rs 2,988.45) and Divi's Labs (Rs 4,343.80) were trading higher by up to 1% higher, as compared to a near 5% decline in the BSE Sensex.

Nestle India shareholders vote against hiking royalty payment to parent

In its report dated May 3, Institutional Investor Advisory Services advised shareholders to vote against the resolution to hike royalty payment to its parent

Nestle India up 3% as shareholders reject high royalty payment to parent Co

The motion proposed to increase the royalty, paid to its parent, to 5.25 per cent of net sales, net of taxes, from 4.5 per cent at present

Pepsico India starts trials to replace palm oil in Lay's: Here's why

PepsiCo India has initiated trials to replace palm oil and palmolein with a combination of sunflower oil and palmolein in Lay's chips

Added sugars in Cerelac within limits, charges untrue: Nestle India CMD

Narayanan reiterated that according to FSSAI, the maximum permissible limit for added sugars is 13.6 gram per 100 gram of feed, while Nestle is at 7.1 gram of sugar per 100 gram

Nestle India to focus on driving volume growth going forward: CMD Narayanan

FMCG Major Nestle India will focus on volume growth going forward, in a market which is "still impacted by inflation", to be in the top quartile performance, company Chairman and Managing Director Suresh Narayanan said on Monday. The company, which will open the first boutique of its Nespresso premium range offering coffee and machines later this year in Delhi, is aiming for premium products, including those of health science, to account for 20 per cent of its sales in the long term. Nestle India is also looking to increase its total touchpoints to 60 lakh across the country in the next 4-5 years, up from 51 lakh at present, Narayanan said while speaking to reporters here. "The future of consumer goods companies will rest on their capability to penetrate more households, with more products for more occasions and usage," he said, while stressing on the need to shore up volume. Nestle India's objective is clearly to accelerate volume growth, he said adding the company had "a volume .

Nestle India, Dr Reddy's to form joint venture for nutraceutical brands

This collaboration aims to expand their complementary nutraceutical portfolios in areas like metabolic care, hospital nutrition, general wellness, women's health, and child nutrition

Nestle India, Dr Reddy's to form JV for nutraceutical brands in India

Nestle India and Dr Reddy's Laboratories Ltd on Thursday announced that they have entered into a definitive agreement to form a joint venture to bring innovative nutraceutical brands to consumers in India and other agreed territories. A joint press release from the companies said the partnership will bring together the well-known global range of nutritional health solutions as well as vitamins, minerals, herbals and supplements of Nestle Health Science (NHSc) with the strong and established commercial strengths of Dr Reddy's in India. The move will help JV partners combine their strengths and grow their complementary nutraceuticals portfolios in categories such as metabolic, hospital nutrition, general wellness , women's health and child nutrition for consumers across India, it said. Select brands will be licensed by the respective companies to the JV company. The Nestl Group will licence brands such as Nature's Bounty, Osteo Bi-Flex, Ester-C, Resource High Protein, Optifast, Resour

FSSAI collects samples of Nestle Cerelac's baby cereals amid sugar row

Regulator says it take 15-20 days to complete the process, responds after news report on consumer goods company

Nestle India March quarter results: PAT up 27% at Rs 934 cr, revenue up 9%

Nestle India January-March quarter financial results: Company announces a dividend of Rs 8.50 per equity share

Tech Mahindra and Bajaj Fin among 38 firms to report Q4 results today

TCS, Infosys, and Wipro are IT majors that have already declared their numbers for the quarter

HUL rebrands Horlicks as 'functional nutritional drink', removes 'health'

Rebranding offers clearer and more transparent representation of the product category, says company

CCPA asks FSSAI to probe claim of Nestle adding sugar to baby products

Consumer protection regulator CCPA has asked Food Safety and Standards Authority (FSSAI) to look into the claim of a Swiss NGO, Public Eye and International Baby Food Action Network, that Nestle was selling baby products with higher sugar content in less developed countries like India. "We have written to the FSSAI to take cognizance of the report on Nestle's baby product," Consumer Affairs Secretary and the Central Consumer Protection Authority (CCPA) chief Nidhi Khare told PTI. The National Commission for Protection of Child Rights (NCPCR) has also taken note of the report and issued a notice to the FSSAI. According to findings by the Swiss NGO, Public Eye and International Baby Food Action Network (IBFAN), Nestle sold baby products with higher sugar content in less developed South Asian countries including India, Africa and Latin American nations as compared to markets in Europe. Meanwhile on Thursday, Nestle India had said it never compromises on compliance and it has reduced .

How sugar turned bitter for Nestle: Baby food sugar controversy explained

Nestle's baby food products in several countries, including India, contain high levels of added sugar and honey, said a report by Public Eye, a Swiss investigative organisation

FSSAI to probe composition of Nestle's Cerelac baby cereals sold in India

The Consumer Affairs Ministry on Friday said it has asked the food safety regulator FSSAI to investigate the composition of Nestle's Cerelac baby cereals sold in India, amid a global report that claimed the company was adding higher sugar content in the product. According to findings by Swiss NGO, Public Eye and International Baby Food Action Network (IBFAN), Nestle sold baby products with higher sugar content in less developed South Asian countries including India, Africa and Latin American nations as compared to markets in Europe. "We have written to the FSSAI to take cognizance of the report on Nestle's baby product," Consumer Affairs Secretary and Central Consumer Protection Authority (CCPA) chief Nidhi Khare told PTI. In the letter written to FSSAI, Khare said it has come to the notice of the Department of Consumer Affairs through various news articles regarding the practices of Nestle company in India, particularly concerning the composition of the Nestle Cerelac cereals. As

Added sugar in baby food? FSSAI to examine charges against Nestle

Swiss investigative group says it found packaged goods major added sugar in the form of sucrose or honey in range sold in Asia, Africa, and Latin America

Here's what will happen to Nestle if found guilty in sugar controversy

'Nestle adds sugar to infant milk sold in less affluent nations, including India, but not in its primary markets like Europe or the UK,' said a report by Public Eye

Nestle India hits over four-month low amid 'sugar in baby food' row

Shares of Nestle India hit an over four-month low of Rs 2,409.55, falling 5 per cent on Thursday's intraday trade

Nestle adds sugar to baby food 'only in poor nations', not in UK & Europe

A report by Public Eye says that in India, all 15 Cerelac baby products contain an average of nearly 3 grams of sugar per serving