Page 9 - Nestle

A tale of two companies: Britannia, Nestle draw up contrasting strategies

Bengaluru company is scaling down initiatives & Gurugram firm is aggressive

High cost inflation, weak domestic revenue may hurt Nestle's topline growth

Domestic sales grew by 10 per cent in Q4, but gross margin contracted by 217 basis point to a 10-quarter low of 56.5 per cent

Nestle India posts 38.4% rise in net profit at Rs 473 crore for Dec quarter

FMCG major Nestle India Ltd on Thursday reported a 38.40 per cent increase in net profit at Rs 473.02 crore for the quarter ended December, helped by volume growth. The company, which follows January-December financial year, had posted a net profit of Rs 341.76 crore in the corresponding quarter a year ago. Net sales rose 8.75 per cent to Rs 3,130.74 crore during the quarter under review as against Rs 2,878.83 crore in the corresponding quarter last year, Nestle India said in a regulatory filing. Domestic sales rose 10.04 per cent to Rs 2,960.78 crore as against Rs 2,690.51 crore in October-December 2018. However, exports declined 9.74 per cent to Rs 169.96 crore during the quarter under review from Rs 188.32 crore a year ago. Domestic sales increased through a combination of 'volume & mix', while exports dropped due to lower exports of coffee to Turkey, the company said in a statement. Total income during October-December quarter rose 7.45 per cent to Rs 3,193.99 crore as agains

Nestle to invest $2.1 bn in 5 yrs to switch to food-grade recycled plastics

"No plastic should end up in landfill or as litter," Nestle chief executive Mark Schneider said in the statement.

India Inc is traveling in top gear even in the shadow of a slowdown

What makes companies invest, hire and expand their capacities when the economy teeters under the pressure of a prolonged downturn

GST anti-profiteering watchdog NAA imposes Rs 90-crore fine on Nestle

"The amount of Rs 73 crore shall be deposited within the next three months from the date of passing this order," the order said

Nestle India prepares the ground as HUL-GSK Consumer merger nears

Relaunch of health food drink Milo receives positive feedback; more variants likely

Nestle says it can be virtuous and profitable. Is that even possible?

Company trying to show it can be environmentally sustainable; activists sceptic

Alibaba Singles' Day: L'Oreal, Nestle score big as total sales hit $38 bn

Sales growth for the annual shopping festival this year eased to 26%, the weakest since the event started in 2009, in a reflection of how e-commerce sales in China have been slowing.

Continued pressure on Nestle India margins may hurt investor returns

Growth of nearly 10 per cent in top line in the July-September quarter failed to cheer the Street, as higher input costs led to pre-tax profit growth hitting a 10-quarter low of 4.2 per cent

Nestle India Q3 profit up 33% at Rs 595 cr on higher domestic sales growth

Nestle's total expenses were at Rs 2,572.32 crore during the quarter as against Rs 2,334.63 crore earlier, up 10.18%

Street signs: Nestle stock, MFs fear redemption pressure, and more

The lull in the primary market has hit investment bankers hard

With Milo's relaunch, Nestle builds a millennial track around its brands

A fresh launch for Milo, healthy noodles, and conscious digital-focused advertising is driving the Swiss multinational's plan for India

Being safe for consumption to a healthy snack: The remaking of Brand Maggi

Brand Maggi has come out all guns blazing in the years since the ban

Nestle rallies on Nifty inclusion hopes; Indiabulls Housing could make way

ICICI Direct says Nestle India could have a weightage of near 1 per cent in Nifty index

FMCG not as badly hit by slowdown as some other sectors: Nestle India CMD

Firm's chief says double digit will be difficult, but the kind of issues faced by other sectors may not get replicated in FMCG, as it still has plenty of low-payout, low-budget essentials

Strong volume-led growth adds sweetness to Nestle India; stock gains 3%

Analysts say double-digit earnings growth necessary to sustain pricey stock valuations

Nestle makeover advances with $10-billion sale of skin health unit

Nestle Chief Executive Mark Schneider put the skin health unit up for sale last September as the group moved to ditch underperforming businesses

Nestle: Resilient margins amid rising cost pressure, higher base

While long-term growth prospects remain intact due to likely lower margin gains ahead, analysts have cut earnings estimates by 2-3 per cent

Nestle India profit rises 9.2% in Q1 to Rs 463 crore, total sales up 9%

Nestle India's domestic sales, which form over 90 per cent of its net sales, witnessed a 10.2 per cent rise with strong volume growth