About 70.8% of public shareholders voted against the increase, a filing showed
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
The DoCA had alleged that the company had indulged in unfair trade practices by manufacturing and selling hazardous and defective goods to the public
Price points such as Rs 5 and Rs 10 are easier to remember and are perceived as being affordable by customers
On a quarter-on-quarter basis, the revenue for operations was down 3.56%. It was Rs 4,830.53 crore in Q4FY23
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
Domestic sales of the maker of Maggi noodles and KitKat chocolates were up 13.9%
The Swiss processed foods maker has significantly upped investments in its Indian subsidiary to expand its penetration in 'rurban' markets
The Maggi noodles maker's profit rose 8.3% to Rs 668 crore ($81.1 million) in the quarter ended Sept. 30
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The Nifty FMCG average valuations are 36 times, while its top six rivals are trading at an average of just over 50 times
While its domestic business, which makes up over 90% of its topline, grew 10.1%, exports declined 7.7% during the quarter
The country's largest food company, Nestle India, is planning to avail the Union government's production-linked incentive scheme to boost exports.
Demand for its instant noodles and coffee continued to surge
Strong resilient portfolio, along with recent ready-to-eat launches and focus on rural distribution, indicate good growth potential
The order was issued in a dispute filed by ITC alleging that Nestle India has used the expression 'Magical Masala' for its instant noodles brand Maggi in 2013.
Prices of Maggi products dearer by an average 3.1%, volume up by 9.6% YoY
The bank looks to reassure its depositors with a new print advertisement acknowledging the past and asking depositors to look ahead. Does this help rebuild credibility?
Maggi bouillon, used throughout central and West Africa to add flavour to everything from stews to cassava porridge, represents one of Nestle's best-selling products in the region
Shedding the tag of being a slow mover, in the past three years Nestle has followed an aggressive launch strategy