Page 4 - Nestle

PepsiCo India's third food manufacturing plant gets nod to re-start work

Capacity utilisation at the two units is not more than 25%, but will increase as more people make their way back to work, according to industry sources

Nestle Q1 sales beat estimates as consumers hoard pet food, coffee

Analysts on average were expecting a 3.0% increase in first-quarter underlying sales growth, according to company-supplied estimates

RBI measures, global markets surge propel Sensex, Nifty to one month high

Most global markets surged as investor appetite for risk assets improved due to the progress of an experimental drug for treating covid-19 and on US's plan to reopen its economy.

Consumer companies assess impact of nationwide lockdown on businesses

Makers of hygiene and essential items may not feel the pinch but discretionary categories have a long road to recovery

What lessons has India Inc learnt as it prepares for life after lockdown

The social distancing imperative has prompted the company to consider rejigging shifts, so that there is no overlap of workmen between two shifts

Nestle secret Maggi bouillon recipe adds show to win in emerging markets

Maggi bouillon, used throughout central and West Africa to add flavour to everything from stews to cassava porridge, represents one of Nestle's best-selling products in the region

Nestle India ranks Joint FIRST in ATNI's India Spotlight Index 2020

Some of Nestle India's strength include its overall nutrition governance and management systems that are comprehensive with a clear accountability structure

GST profiteering: Delhi HC comes to the rescue of Nestle, grants stay

The stay, granted through an order issued on February 10, was given on grounds that Nestle had already paid Rs 16.58 crore of the total demand of Rs 89.73 crore

A tale of two companies: Britannia, Nestle draw up contrasting strategies

Bengaluru company is scaling down initiatives & Gurugram firm is aggressive

High cost inflation, weak domestic revenue may hurt Nestle's topline growth

Domestic sales grew by 10 per cent in Q4, but gross margin contracted by 217 basis point to a 10-quarter low of 56.5 per cent

Nestle India posts 38.4% rise in net profit at Rs 473 crore for Dec quarter

FMCG major Nestle India Ltd on Thursday reported a 38.40 per cent increase in net profit at Rs 473.02 crore for the quarter ended December, helped by volume growth. The company, which follows January-December financial year, had posted a net profit of Rs 341.76 crore in the corresponding quarter a year ago. Net sales rose 8.75 per cent to Rs 3,130.74 crore during the quarter under review as against Rs 2,878.83 crore in the corresponding quarter last year, Nestle India said in a regulatory filing. Domestic sales rose 10.04 per cent to Rs 2,960.78 crore as against Rs 2,690.51 crore in October-December 2018. However, exports declined 9.74 per cent to Rs 169.96 crore during the quarter under review from Rs 188.32 crore a year ago. Domestic sales increased through a combination of 'volume & mix', while exports dropped due to lower exports of coffee to Turkey, the company said in a statement. Total income during October-December quarter rose 7.45 per cent to Rs 3,193.99 crore as agains

Nestle to invest $2.1 bn in 5 yrs to switch to food-grade recycled plastics

"No plastic should end up in landfill or as litter," Nestle chief executive Mark Schneider said in the statement.

India Inc is traveling in top gear even in the shadow of a slowdown

What makes companies invest, hire and expand their capacities when the economy teeters under the pressure of a prolonged downturn

GST anti-profiteering watchdog NAA imposes Rs 90-crore fine on Nestle

"The amount of Rs 73 crore shall be deposited within the next three months from the date of passing this order," the order said

Nestle India prepares the ground as HUL-GSK Consumer merger nears

Relaunch of health food drink Milo receives positive feedback; more variants likely

Nestle says it can be virtuous and profitable. Is that even possible?

Company trying to show it can be environmentally sustainable; activists sceptic

Alibaba Singles' Day: L'Oreal, Nestle score big as total sales hit $38 bn

Sales growth for the annual shopping festival this year eased to 26%, the weakest since the event started in 2009, in a reflection of how e-commerce sales in China have been slowing.

Continued pressure on Nestle India margins may hurt investor returns

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

Nestle India Q3 profit up 33% at Rs 595 cr on higher domestic sales growth

Nestle's total expenses were at Rs 2,572.32 crore during the quarter as against Rs 2,334.63 crore earlier, up 10.18%

Street signs: Nestle stock, MFs fear redemption pressure, and more

The lull in the primary market has hit investment bankers hard