All these stocks' fortunes are linked to domestic consumption, rather than global growth.
FMCG majors HUL and Nestle have been jointly ranked first in the industry for their approach to nutrition in the 'India Access to Nutrition Spotlight Index'. They were followed by food and beverages major PepsiCo India, Britannia Industries and Coca-Cola India. The index is published by Access to Nutrition Index (ATNI) and hosted by Access to Nutrition Foundation, an international not-for-profit organisation. ATNI report is published once in every three years and this is the second edition of India Spotlight Index. India was selected as a spotlight country as it has a rapidly developing food and beverages sector, a statement said. The initiative is supported by the Bill & Melinda Gates Foundation and the governments of the UK and the Netherlands. This season, 16 largest companies in India's food and beverage sector were assessed with the aim to encourage these companies to improve their nutrition practices, it added. The other companies were Amul, Mondelez India, Mother Dairy, ..
The final dividend, if approved by the shareholders at 61s1 AGM, shall be paid on and from May 28, 2020
Nestle, which follows a January-December financial year, also declared its yearly income for 2019
Dabur India and Jubliant FoodWorks have hit their respective 52-week highs, while Tata Global Beverages and Nestle India were trading close to 52-week highs on the NSE on Thursday.
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
Despite the churn, the private banks will still top the chart with a weightage of 26 per cent in the index, followed by the energy sector at 23 per cent.
Nestle India gained 4 per cent to Rs 12,397, and surpassed its previous high of Rs 12,266, recorded on August 9
Move could be a precursor for including Nestle in Nifty
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
Nestle India, Marico, Godrej Consumer Products, Dabur India and GlaxoSmithkline Consumer Healthcare were up in the range of 3% to 7% on the BSE.