Page 11 - Nestle

Third Point presses for 'bold action' at Nestle

Company is under pressure to improve margins, buy-back shares, get rid of non- core businesses

Nestle launches YIYANG powder to target China's ageing population

Seniors are playing a key role in shifting China's economy away from exports and toward consumption

Nestle invests in Latin American factories, creates 2,900 jobs

The initiative follows a similar project carried out by Nestle in Europe in recent years

Nestle rolls out Rs 90-cr rural women project

The investment would flow during three financial years on its 'Jagriti' project

Can Nestle go beyond Maggi?

Nestle is betting on its pharma business to reduce dependence on Maggi in India

Nestle plans to bring more global products to India

In its annual report for 2016, CMD Suresh Narayanan says exploring ways to bring in 2,000 brands

Nestle India aims to go beyond food

Strap: Bets on health sciences, skin care and specialised products New Delhi, 7 MarchAfter dominating the shelves of Indian retail and medical stores for over 104 years with its packaged foods and infant formulations, Swiss FMCG major Nestle has decided to change its game plan. The firm, which operates in 189 countries and owns over 2,000 brands, is working on a road map to shed the 'food and nutrition company' tag and emerge a diversified entity by doubling the number of brands outside the food and nutrition segment in India. Nestle India's latest plan is in line with its global strategy of strengthening the non-food portfolio.Nestle India's new-found focus is heavily dependent on the success of two highly profitable business segments - health sciences and infant nutrition. The firm is also planning to strengthen its skin care and hair care portfolios catered through two firms - Galderma and L'Oreal."Nestle is not just a food company and a new complexion of Nestle will be clearly ...

Note ban led to Rs 100-cr loss of sales in Dec quarter, says Nestle

Various macro economic and political factors are unsettling companies. Where does the India business stand for Nestle?Global macro economic conditions are going to remain volatile and Nestle is preparing for that. The whole globalisation paradigm is under question. How these factors affect organisations is still to be seen. Earlier, Asian counties like Turkey and Indonesia were growing very fast for us; that has come down over time. Demonetisation in India has led to Rs 100 crore loss of sales for us in the December quarter. But, India continues to remain our focus and we expect it will drive growth for Nestle in the coming years. The message we get from the global leadership is, growth with efficiency and (better management of) cost is going to be the way forward.Growth in India has been missing for you for the past four-five years. How do you plan to address that?First, value equations that can offset the downside risk of losing volumes will be a key area. For example, in infant ...

India biz grew strongly in 2016 despite demonetisation: Nestle

Maggi noodles continued to regain market share, the company said

Nestle scales back growth targets after Q3 net profit dips to 8.6%

Growth in emerging markets, previously the growth driver, slowed to 5.3% from 7% a year ago

Nestle shares dip 3.5% post Q4 results

The FMCG major reported a decline of 8.66% in its standalone net profit to Rs 167.31 crore

Nestle scientists find method to cut sugar in chocolate by 40%

Nestle has developed a process to alter the structure of sugar that makes it taste sweeter in smaller amounts

Nestle cuts sales target as food sales disappoint

Weak sales growth in more than a decade

CSR moves to next level as Nestle tweaks brand taglines

Three top brands, Maggi, Nescafe and KitKat, are part of this exercise

Need to destroy 550 tonnes of outdated Maggi stocks: Nestle to SC

The bench adjourned the hearing directing next hearing on September 30

Nestle to buy medical device company Phagenesis in stages

The deal is the latest acquisition in medical sphere as Nestle increasingly refocuses its business between food and pharmaceuticals

Soup it up

Nestle's rich valuation needs recipe to match

Nestle says back in market-leading slot after Maggi relaunch

FSSAI had banned Maggi in June last year by Bombay High Court citting hazardous and unsafe

Nestle sales growth slows, expects better second half

Having missed its long-term target of 5-6% growth for three years, the company is aiming for organic growth in 2016

Nestle posts Rs 231-cr profit, sales surge 16.7%

Nestle India posted Rs 230.8 crore net profit in the first quarter of FY17, compared to a Rs 64.4 crore net loss during the year-ago period. Net sales surged 16.7 per cent due to a lower base, impacted by the Maggi crisis, to Rs 2,087 crore from Rs 1,776 crore on a year on year (y-o-y) basis. Last year its sales remained grossly below normal due the ban on sale of Maggi noodles and is yet to fully recover.Its sales this quarter, while has outperformed expectations of analyst firms such as Edelweiss Securities, its bottom line remained below expectations. Edelweiss estimated it's revenue and profit after tax to stay at Rs 2,006 crore and Rs 255.7 crore respectively."We expect Nestle to revert to sales growth from this quarter. Growth will also look optically better because the Maggi ban happened in the base quarter in June. Other expenditures would remain high because of increased advertising and promotional spends done by the company and lower operating leverage," it said.Recovery on t