Nestle India

Nestle India said that the company's unaudited financial results for the first quarter ending March 31 would also be considered at the Board of Directors meeting

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 ...

Domestic sales of the maker of Maggi noodles and KitKat chocolates were up 13.9%

CLOSING BELL: The BSE Sensex hit a fresh calendear year high at 61,682, before forfeiting most gains at close. Midcap, Smallcap indices gained nearly a per cent Thursday.

The company board has announced April 21, 2023, as the record date to determine the entitlement of the members to the final dividend for the year 2022

FMCG major Nestle India Ltd on Thursday reported an increase of 65.50 per cent in its net profit at Rs 628.06 crore for the fourth quarter ended December 31, 2022. The company, which follows the January-December financial year, had posted a net profit of Rs 379.48 crore in the same period a year ago, Nestle India said in a regulatory filing. Nestle India's net sales rose 13.95 per cent to Rs 4,233.27 crore during the period under review, as against Rs 3,714.86 crore in the corresponding period last fiscal, the company said. Its total expenses in the October-December quarter were at Rs 3,427.27 crore, up 12.78 per cent, as against Rs 3,038.84 crore in the corresponding period. Nestle India's domestic sales were up 13.82 per cent to Rs 4,061.85 crore, as against Rs 3,568.44 crore in the October-December quarter of 2021. Its exports were up 17.07 per cent to Rs 171.42 crore, as against Rs 146.42 crore in the corresponding quarter a year ago. For the year ended December 31, 2022, Nes

Stocks to watch today: Nestle India, and Schaeffler India will report the October-December quarter (Q3FY23) results on Thursday, February 16.

Nestle India Q4 preview: In the October-December quarter, shares of Nestle rose 2.4 per cent, while peers like Hindustan Unilever dropped 5 per cent, and Britannia gained 12 per cent

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

Covid-19 might have set the growth back by a few quarters but the FMCG sector has bounced back

Near-term margins, however, may remain under pressure

The stock of packaged foods company quoted higher for the seventh straight trading day and has rallied 9 per cent during the period.

Strong growth in e-commerce channels driven by emerging formats such as 'quick commerce' and 'click & mortar'; E-commerce contribution to sales at 7.2% in the quarter

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

The Maggi noodles maker's profit rose 8.3% to Rs 668 crore ($81.1 million) in the quarter ended Sept. 30

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

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

Global food & beverage conglomerate Nestle SA plans to invest Rs 5,000 crore in India in the next three-and-a-half years by 2025, its CEO Mark Schneider said on Friday. The move will help the company to accelerate its core business in the country and leverage new opportunities for growth. The investment would be on capex (capital expenditure), setting up new plants, acquisitions and expansion of the product portfolio of the company. Nestle, which currently operates 9 plants across India is also looking at new locations to set up manufacturing capacity. The investment, which would be subject to clearances and approvals, will also help in creating more job opportunities in the domestic market. Sharing the investment plans of the Indian market, which is among Nestle's top ten markets, Schneider in a media round table said the Swiss food & beverage company has an investment plan of Rs 5,000 crore through 2025. "When you look into the investment in this country and the investment ..

With commodity prices deflating from their March peak levels, analysts expect the margin profile across consumer goods companies to improve going ahead.

Jefferies expects Gen Z's income to increase 5x as they enter the workplace and are set to surpass Millennials by the end of the decade