Nestle India Ltd News

After media report, Nestle India says cut added sugars in baby cereal range

Swiss investigative group says it found packaged goods major added sugar in the form of sucrose or honey in range sold in Asia, Africa, and Latin America

Nestle India dividend 2023: FMCG giant to consider dividend pay on April 12

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

Nestle India Q4 profit up 65.5% at Rs 628 cr, credits 'robust demand'

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

Dec quarter net up 65%, Nestle announces final dividend of Rs 75 per share

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

Nestle India Q4 profit up 65.5% at Rs 628 cr, sales rise 14% to Rs 4,233 cr

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

Nestle's Q4 revenues may rise up to 17% YoY, agri-inflation to dent margins

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

Nifty, Bank Nifty see higher rollover; Hero MotoCorp, HDFC Life find favour

However, the overall market wide position dipped below Rs 2.20 lakh crore for the first time in the last six months.

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

Nestle India could sustain sales growth outperformance in coming quarters

Near-term margins, however, may remain under pressure

Nestle India gains 2%, nears 52-week high on strong Q3 revenue growth

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

Nestle India profit up 8.3% in Sept qtr, net sales growth at five-year high

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

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 India's profit rises 8.3% to Rs 668 cr in Q2, tops estimates

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