Volume-led growth, benign input costs and a strong pipeline have made it the second-best performing FMCG stock in 2018
The India Meteorological Department (IMD) has predicted an average monsoon this year, which has already hit the Indian coast
Nestle India Chairman and MD Suresh Narayanan shares his thoughts with BS about Nestle's opportunities and challenges
The stock hit a new high of Rs 9,610, up 7% on the BSE, outperformed the market by surging 37% in past three months, against 4% rise in the Sensex.
The company, which follows January-December financial year, had posted a profit of Rs 3.11 billion in the same period a year ago, Nestle India said in a BSE filing.
Nestle is among the leading players in breakfast cereals through CPW, competes with the likes of Kellogg's and PepsiCo (Qaker Oats) globally
Nestle reported a 4.7 per cent sales growth for the Asia, Oceania, and Sub-Saharan African region for the January-March (2018) period, which was the highest among its three zones
Milk products and nutrition, the largest category that contributes nearly 47.6% to the company's top line, grew 1.6%
Since February 9, 2018, the stock of packaged foods company has outperformed the market by surging 16% after reported a healthy 59% YoY growth in net profit in December quarter.
Company sets up local teams to aid sales push, quicken marketing and feedback
Incremental market share gains in noodles, chocolates pose a challenge
The stock surged 5% to Rs 7,645 on the NSE after the company reported 59.5% YoY growth in net profit at Rs 3,118 million in December 2017 quarter.
Nestle aims to shed the 'food and beverages company' tag
Nestle shares settled 0.30 per cent lower at Rs 7,680.35 on BSE.
FMCG major, which follows Jan-Dec fiscal had posted net profit of Rs 278.41 cr during the same period in the previous financial year
Relaunches less sweeter Milkybar; KitKat, Munch may follow
Firm aims to grow in double digits; could see some pressure in near-term margins
FMCG major Nestle India today launched iron fortified Maggi noodles aimed at iron deficient (anaemic) people in the country. As per the 2015-16 National Family Health Survey, 53 per cent females and 22.7 per male between 15 and 45 years age group suffer from iron deficiency with an almost equal split across rural and urban India, Nestle said. The company believes that with 2.5 billion portions of Maggi Masala noodles consumed annually in India, it will have a major impact. Under "Simply Good", Nestle is supporting home cooks with healthier and tastier choices, by simplifying ingredients, reducing sodium and increasing micro nutrient fortification by 2020. In India, Nestle has started it with iron fortification, the company said in a statement. "Nestle India is exploring ways to fortify its mass consumption products to close the gap and contribute to the larger national objective," it added. Nestle India Chairman & Managing Director Suresh Narayanan said: "At the forefront o
Posts highest sales since September, 2014 backed by volume growth
Net profit would likely grow 15.6% on the back of double-digit topline growth