Page 7 - Nestle India

Nestle India surges 4% in weak market on stock split, interim dividend plan

Nestle India said the board will meet on October 19 to consider a stock split and interim dividend.

India showcases thriving coffee industry at World Coffee Conference

The Indian coffee market amounts $0.5 billion in 2023, and is expected to grow at 9.04% CAGR

Nestle to sell 40 gm Maggi packets for Rs 10 to expand market share

Price points such as Rs 5 and Rs 10 are easier to remember and are perceived as being affordable by customers

FMCG-maker Nestle India enters into millets-based Ready-to-Make category

FMCG maker Nestle India has entered into the millets-based Ready-to-Make (RTM) market by extending its nutrition brand a+ in the category. The company has introduced a+ masala millets containing bajra in the select market of NCR and online but has plans to expand it to other markets as it scales up, its Chairman and Managing Director Suresh Narayanan said on Thursday. The product has been developed under the guidance of the Indian Millet Institute of Millet Research, supporting the government initiative to promote millet as a more sustainable food option. "We felt that 'a+' has strong nutritional connotations and that is why we decided to launch the new product under this brand. This is being done under a public-private partnership with IIMR and is in line with the government's focus on millets. There is growing health consciousness among Gen Z and millennials and we believe this can be a mass-market product," Narayanan said in a media round table here. Under a+, Nestle India is ..

Food inflation still a concern: Nestle India CMD Suresh Narayanan

Food inflation is still a cause of concern despite measures taken by the government to check overall price rise and the movement of commodity prices needs to be closely watched for a long-term impact, Nestle India Chairman & Managing Director Suresh Narayanan said on Thursday. Going by publicly available information, now it is reasonably clear that with a 30 per cent deficit in the monsoon, Kharif crops might get impacted, even if the sowing is good, said Narayanan in a media roundtable here. With this El Nino impact not fully played out, we still have to watch for the spectre of food inflation, he said. "There will be pressure in terms of food inflation. Headline inflation will get mitigated because of various steps that the government will take but food inflation is still a cause for concern," Narayanan said. However, he also added, "Immediately put, I would not say that something alarmist is happening in terms of commodity prices. But we would have to watch this space and see ..

Elevated inflation trends may dig a deeper hole for FMCG stocks: Analysts

Investors have shunned consumer stocks with shares of HUL, ITC, Britannia, Godrej Consumer, Tata Consumer, and Nestle India dropping in the range of 1-11 per cent in a month

Nestle India to focus on adding more premium products to its portfolio

The company saw growth not just in mega cities and metros but also from tier 1 to tier 6 towns

Nestle India net profit rises 36.9% in June qtr on higher sales and margins

During the quarter, the company launched three products -- Resource Fiber Choice, for gut health solution; Everyday Zero, the dairy whitener with no added sugar; and MUNCH breakfast cereals

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