Page 7 - Nestle India

Sensex drops 440 pts on Thursday; Nifty ends July F&O series 3.6% higher

CLOSING BELL ON JULY 27, 2023: Sectorally, auto and energy shares bore brunt of the selling, while pharma and realty stocks ended with smart gains on Thursday.

Nestle India cracks 3% as Q2 volume growth came below Street estimates

So far this calendar year, Nestle India has gained over 16 per cent, as against a 9 per cent surge in the S&P BSE Sensex

Nestle India Q1FY24 result: Net profit up 36% on strong domestic demand

On a quarter-on-quarter basis, the revenue for operations was down 3.56%. It was Rs 4,830.53 crore in Q4FY23

Nestle plans 10th factory, investing to augment capacity of existing units

FMCG major Nestle India is planning to open a new factory to meet the growing demand here and is scouting for the ideal location, its Chairman & Managing Director Suresh Narayanan said. This would be the tenth factory for Nestle India, which last year announced to invest Rs 5,000 crore in the country by 2025 to accelerate its core business and leverage new growth opportunities. When asked bout the possibility of a new factory in India, Narayanan told PTI: "Certainly. There is scouting for a site for the tenth factory". "We will make up our minds sooner than later. There is some preliminary work that has been done. And then we will come with an announcement," he added. Nestle is looking at numerous places, however, Narayanan said it will be eastern India where it is not having any production units. "One of the areas that we do not have a representation of a factory is in the east. So, clearly, if you are able to get a good geography and locational fit, we would like to look at the

FMCG major Nestle India expects double-digit volume growth this year

FMCG major Nestle India on Friday said there could be a downward revision in prices as the inflationary pressures have started coming down, and expects a double-digit volume growth this year. Nestle India is expanding its retail network in the rural areas and expects more than 20 per cent of the sales to come from those areas. Besides, it is expanding in the pharmacy space with 'Nestle Health Science' products. "Unless there is an adversity because of the El Nino effect, which is being talked about on the monsoons, I would expect the demand position will be fairly stable for us going forward and we should be able to continue on the path of double-digit growth," Nestle India Chairman & Managing Director Suresh Narayanan told PTI. The company has reported volume growth in the last 20 out of the 25 quarters. "I think inflationary pressures are starting to come down. So I do hope that the pricing pressures would also start to come down," he said. "We are now seeing volume growth come

Volume driven strategy could sustain growth for Nestle, say analysts

Valuations however leave little room for gains on the upside

Sensex ends 75pts up after choppy day, Nifty tops 17,750; ITC extends rally

CLOSING BELL: Among buzzing stocks, shares of RVNL were locked at 20 per cent upper circuit, RITES zoomed 9 per cent, and Texmaco Rail 7 per cent

Nestle India net profit up 24.7 per cent in January-March quarter

KitKat, Munch sweeten the quarter for the firm; Nescafe also packs a punch

Nestle India net profit jumps 23.9%, all products see double-digit growth

Nestle India declared an interim dividend of Rs 27 per share

Stocks to watch: Bajaj Auto, Nestle India, Nykaa, IndusInd Bank, Welspun

Stocks to watch today: From Bajaj Auto to Nestle India, here are top stocks to watch in Tuesday's trade

Raw material inflation may dent Nestle India's Q1CY23 margins YoY: Analysts

Nestle India Q1CY23 preview: While Indian business is likely to report double-digit revenue growth on a YoY basis, the international business is estimated to grow in mid-single digits, said analysts

Nestle surges 4%, nears 52-wk high ahead of record date for dividend payout

The company has fixed Friday, April 21 as the record date for a dividend of Rs 102 per share, which includes final dividend of Rs 75 per share for 2022 and interim dividend of Rs 27 per share for 2023

Nestle India declares interim dividend of Rs 27/share, fixes record date

The FMCG giant has fixed 21 April as the record date for determining the eligibility of shareholders for interim dividend payment

ITC, Nestle India: Fresh breakouts to assist FMCG index reach historic peak

FMCG stocks may rise up to 17% once the index hits a new all-time high

Nestle India dividend 2023: FMCG giant to consider dividend pay on April 12

Nestle India said that the company's unaudited financial results for the first quarter ending March 31 would also be considered at the Board of Directors meeting

Storm clouds of food inflation, recession continue this year: Nestle CMD

The "storm clouds of food inflation" and drum beats of recession in parts of the world continue in 2023 but FMCG major Nestle India is prepared to stay anchored through various measures it has undertaken, according to the company's Chairman Suresh Narayanan. In his address to shareholders in the company's latest annual report, Narayanan, who is also the Managing Director, said, "at such times, being boringly consistent matters more than being brilliantly erratic." The company's "steadfast focus" on building volumes, expanding in smaller towns and villages under its "RURBAN' strategy with innovations along with "astutely" managing value and simultaneously nudging the premiumisation trend that is driving economic recovery in parts and will fuel momentum, he said. On the future outlook, Narayanan said, "as we look confidently at the year ahead, the storm clouds of food inflation, acceleration of war and indeed the drum beats of recession in parts of the world continue to surround ...

Nestle India Q4 profit up 65.5% at Rs 628 cr, credits 'robust demand'

Domestic sales of the maker of Maggi noodles and KitKat chocolates were up 13.9%

Sensex, Nifty end flat amid late sell-off; IT, broader indices hold gains

CLOSING BELL: The BSE Sensex hit a fresh calendear year high at 61,682, before forfeiting most gains at close. Midcap, Smallcap indices gained nearly a per cent Thursday.

Dec quarter net up 65%, Nestle announces final dividend of Rs 75 per share

The company board has announced April 21, 2023, as the record date to determine the entitlement of the members to the final dividend for the year 2022

Nestle India Q4 profit up 65.5% at Rs 628 cr, sales rise 14% to Rs 4,233 cr

FMCG major Nestle India Ltd on Thursday reported an increase of 65.50 per cent in its net profit at Rs 628.06 crore for the fourth quarter ended December 31, 2022. The company, which follows the January-December financial year, had posted a net profit of Rs 379.48 crore in the same period a year ago, Nestle India said in a regulatory filing. Nestle India's net sales rose 13.95 per cent to Rs 4,233.27 crore during the period under review, as against Rs 3,714.86 crore in the corresponding period last fiscal, the company said. Its total expenses in the October-December quarter were at Rs 3,427.27 crore, up 12.78 per cent, as against Rs 3,038.84 crore in the corresponding period. Nestle India's domestic sales were up 13.82 per cent to Rs 4,061.85 crore, as against Rs 3,568.44 crore in the October-December quarter of 2021. Its exports were up 17.07 per cent to Rs 171.42 crore, as against Rs 146.42 crore in the corresponding quarter a year ago. For the year ended December 31, 2022, Nes