Page 5 - Nestle

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

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 to Tata, big FMCG firms race to acquire maker of Ching's Secret

Last year, Capital Food's three main shareholders decided to put their stake up for sale, it is expected to fetch them $1-1.25 billion

Nestle SA eyes $1 billion deal for 'Ching's Secret' owner in India

Capital Foods makes the Ching's Secret brand of spicy noodles and fusion chutneys infused with so-called "desi Chinese" flavors. It also sells Smith & Jones cooking pastes and masala mixes

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 has bigger appetite for India; increasing presence in rurban markets

The Swiss processed foods maker has significantly upped investments in its Indian subsidiary to expand its penetration in 'rurban' markets

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Nestle India could sustain sales growth outperformance in coming quarters

Near-term margins, however, may remain under pressure

FMCG major Nestle enters into D2C space, launches online platform

FMCG major Nestle India on Wednesday launched its own Direct-to-Consumer (D2C) platform, foraying into the fast-growing online channel. The company would launch its D2C platform MyNestl in Delhi-NCR and will expand to other parts of the country, said Nestl India Chairman and Managing Director Suresh Narayanan in the earnings statement of the company. This has been "created specifically keeping the consumer needs in mind, I am confident that MyNestl will delight the consumer in every way with curated product bundles, personalised gifting, subscriptions, discounts, and much more," he said. Moreover, consumers can also try gourmet recipes on the site and get free nutrition counselling, Narayanan added. During the July-September quarter, the e-commerce channel contributed 7.2 per cent of Nestle India's sales. It was largely fuelled by new, emerging formats such as 'quick commerce' and 'click & mortar'. Recently, several FMCG companies either have acquired, invested or built their D2C

Top headlines: UltraTech Q2 net falls 42%; rupee breaches 83 per dollar

Besides, rising crude prices in the international markets and risk-averse sentiment among investors weighed on the local currency, traders said

Nestle to invest $1 billion towards sustainable coffee farming plan

The new plan builds on a previous coffee-sustainability effort that started 12 years ago involving around 100,000 farmers; the goal is to double that in the coming years

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Nestle to invest Rs 5K crore in India by 2025: CEO Mark Schneider

The firm currently operates nine plants in India and is eyeing new locations to set up manufacturing capacity

Easing raw material costs promising for Indian consumer companies

While reporting a 4.5% fall in second-quarter profit and higher expenses, Nestle India said on July 28 it could see softening of prices in such commodities as edible oil and packaging materials.

Nestle India net profit declines 4.3% to Rs 515.3 cr in April-June qtr

Nestle India, which makes Maggi noodles, KitKat chocolate, sees 'early signs of softening' in sale of some commodities

Nestle raises growth outlook for '22, eyes consumer reaction to price hikes

Nestle warned on Thursday that price hikes could eventually weigh on sales volumes for the maker of Cheerios cereals, Kit Kat bars and Nescafe as it raised its full-year sales growth forecast to 7-8%

Nestle India eyeing new categories to push growth: CMD Suresh Narayanan

Nestle India is looking to tap opportunities in new categories such as 'healthy ageing', 'plant-based nutrition' and 'healthy snacking' to boost growth in the country, CMD Suresh Narayanan said

Wipro, Nestle, SAIL among 300-plus stocks to hit 52-week lows this month

New-age tech firms that listed on bourses have also been struggling. Zomato hit a 52-week low of Rs 50 on Tuesday, while Paytm parent One 97 Communications fell to Rs 518 apiece on Wednesday

Nestle net profit declines 1.3% YoY to Rs 594.7 crore; revenue up 10.2%

"We have delivered double-digit domestic sales, driven by volume and mix," Naryanan said in its earnings release

Nestle Q1 growth beats expectations thanks to strong price increases

Nestle group sales reached 22.2 billion Swiss francs, versus a 21.7-billion-franc estimate in the poll.