Page 2 - Nestle India

'You have increased prices immensely': Six-year-old girl writes to PM Modi

In the letter that has gone viral on social media, Kirti Dubey wrote that she had gone to a shop to buy Maggi but was sent back by the shopkeeper

Stocks to watch: HDFC, Sun Pharma, Dr Reddy's, STFC, TVS Motor, SpiceJet

Stocks to watch today: HDFC, Sun Pharma, and Cipla will report their June quarter results on Friday, July 29; Dr Reddy's saw 108 per cent YoY rise in consolidated net profit to Rs 1,187.6 crore in Q1.

Nestle India net profit declines 4.3% to Rs 515.3 cr in April-June qtr

Nestle India, which makes Maggi noodles, KitKat chocolate, sees 'early signs of softening' in sale of some commodities

Nestle India to acquire pet foods business of Purina Petcare for Rs 124 cr

FMCG major Nestle on Thursday said it will acquire the pet foods business of Purina Petcare India for Rs 123.5 crore, providing Nestle an access to the fast-growing business in the country

Nestle India Q2 net profit falls 4.3% to Rs 515.34 cr, net sales up 15.7%

FMCG major Nestle India Ltd on Thursday reported a decline of 4.31 per cent in its net profit at Rs 515.34 crore for the second quarter ended June 30, 2022

Stocks to watch: Dr Reddy's, Tata Motors, HAL, Bajaj Finance, Nestle India

Stocks to watch today: Dr Reddy's, Bajaj Finserv, Nestle India will report their June quarter results on Thursday, July 28; HAL signed $100 million contract with Honeywell for HTT-40 engines.

Marico chief Harsh Mariwala is the EY Entrepreneur of the Year

Mariwala will represent India at the EY World Entrepreneur of the Year Award to be held in June

Sensex zooms 874pts in broad-based rally; Nifty tops 17350; RIL, HDFC up 2%

CLOSING BELL: Mukesh Ambani-led Reliance Industries (RIL) is set to become India's first company to hit market capitalisation (m-cap) of Rs 19 trillion

Nestle India Q1 net profit slips 1.25% to Rs 594.71 cr; net sales up 9.74%

FMCG major Nestle India Ltd on Thursday reported a 1.25 per cent decline in its net profit to Rs 594.71 crore for the first quarter ended March 2022. The company, which follows January-December financial year, had posted a profit of Rs 602.25 crore in the same period a year ago, Nestle said in a BSE filing. However, Nestle India's net sales increased 9.74 per cent to Rs 3,950.90 crore during the quarter against Rs 3,600.20 crore in the corresponding period last fiscal, the company added. Its total expenses in the January-March quarter rose 12.98 per cent to Rs 3,195.90 crore compared to Rs 2,828.61 crore a year ago. Nestle India's domestic sales surged 10.23 per cent to Rs 3,794.26 crore from Rs 3,442.03 crore in the January-March quarter of 2021. Its exports were marginally down by 0.96 per cent at Rs 156.64 crore against Rs 158.17 crore in the year-ago quarter. Shares of Nestle India Ltd were trading at Rs 18,089.60 apiece on BSE in the mid-session, up 1.22 per cent from its ..

Nestle India's Q1 profit falls 1% to Rs 595 crore; revenue rises 10%

Nestle Q1 result: The management remains cautious of continued inflation as it shadows short-to-medium term growth outlook.

From Maggi to tea, items that have become costlier

Nestle India relied more on railways, water routes in 2021: Report

Nestle increased the use of bigger size vehicles from 5.9 per cent in 2019 to 9.8 per cent in 2021 and started using railways, which was not used in 2019. It also introduced four waterways in 2021.

Inflation in food to stay for a while, cause of concern: Nestle India CMD

Food and commodity inflation is here to stay for a while and remains a cause of concern, said Nestle India Chairman and Managing Director Suresh Narayanan on Thursday.

Nestle India bucks rural growth trend in Q4 with 9% YoY revenue spike

Smaller contribution of 20-25% from rural sales helped; net profit down 20% due to exceptional item

Top headlines: I-T raids on former NSE MD; Nestle India Q4 net falls 20%

Here are the top headlines on Thursday

Nestle India Q4 profit dips 20% to Rs 386.66 cr, net sales up 8.9%

Commenting on the annual performance, Nestl India Chairman and Managing Director Suresh Narayanan said, '2021 was a very challenging year'

Sensex falls 105 pts amid mixed global cues; Adani Green gains 6%, HDFC 2%

HDFC (up 1.7 per cent), Reliance Industries (1.2 per cent), and Power Grid (0.56 per cent) were the top large-cap gainers today

Margin war: Nestle India, ITC agree on price parity with distributors

In the last 20 days, AICPDF had written two letters to FMCG companies to resolve the issue of price disparity.

Nestle gets govt approval for PLI scheme for processed fruits, vegetables

FMCG major Nestle India on Tuesday said it has received approval from the government for the production-linked incentive (PLI) scheme for processed fruits and vegetables. In June 2021, the company had submitted its proposal towards the Indian government's PLI for the food processing sector under the eligible categories of ready-to-eat/ready-to-cook and processed fruits and vegetables, Nestl India said in a regulatory filing. It further said that on December 6, 2021, the company has "received communication from the Government of India that its proposal with respect to processed fruits and vegetables has been approved". Thanking the government for the approval, Nestl India said it has "always believed that the PLI scheme for the food processing sector will help farmers and the food processing industries". It is overall a good step for an industry that has one of the better ratios of capital investment and employment generation, the company said. The food processing ministry on Monda

Sensex sheds 456pts, Nifty gives up 18,300; Airtel, SBI buck the trend

Stock market LIVE: All sectoral indices barring telecom ended in the the negative zone; Declining stocks out-numbered advancing shares in the ratio 2:1 on the BSE