Nestle Maggi

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 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

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.

Fssai now more proactive, industry-centred with faster responses: Nestle

There has been a dramatic change in the tone and tenor of FSSAI, and the Indian food regulator has now become more pro-active and industry-centred with fast responses in the last decade, said Nestle India Chairman and Managing Director Suresh Narayanan. Moreover, with the setting of more NABL-accredited laboratories by different leaders of FSSAI, the credibility of the testing process has also increased, said Narayanan, who led Nestle India after the Maggi crisis, which unfolded almost a decade back. In June 2015, FSSAI banned Maggi noodles for allegedly containing lead beyond permissible limits, forcing the company to withdraw the product from the market. Industry observers opine that only after the Maggi crisis did the FSSAI come into the limelight across the country though it was established almost seven years ago, in September 2008, to lay down science-based standards for food articles and rules and regulations. Nestle India relaunched Maggi in November 2015 after the ban was .

Market Today: GIFT Nifty sinks, Q2 results, Sinwar killed, Gold tops $2,700

At 6:30 AM, GIFT Nifty Futures were trading about 103 points lower at 24,741, suggesting a gap-down start for Indian markets.

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

Nestle Q2 preview: Profit may rise up to 8% YoY, revenue 5-7%, say analysts

Nestle India Q2 results preview: Investors will monitor the demand outlook on rural against urban, competitive intensity and raw material trends for Nestle India

Brand Maggi stronger than ever as Nestle India gears up for new leader

Brand consultants agree that Maggi has transcended its product category

Maggi revival architect Narayanan to bow out after 26 yrs with Nestle group

Throughout his career with the Nestle group, Narayanan has held numerous international leadership roles, spanning markets - Thailand, Cambodia, Myanmar, Laos, Vietnam, Egypt and more

Nestle cuts sales outlook as consumers become increasingly cost-conscious

"There is value-seeking behaviour among consumers. There is pressure, especially at the low-income range," CEO Mark Schneider said in a media call

Nestle India stock drops 3% after Q1 earnings miss street estimates

The fall in the share price came after the company announced its June quarter (Q1FY25) results, which missed street expectations.

Nestle Q1 Preview: Analysts eye strong revenue growth, margin expansion

Nestle India experienced robust revenue growth during the quarter. The company, analysts believe, gained from enhanced distribution. Thus, it is expected to see margin expansion of over 100 bps.

India is largest market for Maggi noodles, 6 billion servings sold in FY24

Nestle India also noted that it sold 4.2 billion fingers of popular chocolate KitKat, making India its second-largest market

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 shareholders vote against increase in royalty to Swiss parent

About 70.8% of public shareholders voted against the increase, a filing showed

Nepalese billionaire who sold 'Wai Wai' aims to list India unit by 2026

Chaudhary Group launched the Wai Wai noodle four decades ago in Nepal's capital Kathmandu, and has since grown to become India's third largest brand

NCDRC dismisses govt's 2015 plea against sale of Nestle's Maggi noodles

The DoCA had alleged that the company had indulged in unfair trade practices by manufacturing and selling hazardous and defective goods to the public

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

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

Consumer preference, govt push make millets the darling of FMCG companies

An increased preference towards healthier food items has been registered since Covid-19. Consumers are now taking more time to read product labels before going for a purchase