Page 7 - Nestle

Nestle cuts sales target as food sales disappoint

Weak sales growth in more than a decade

CSR moves to next level as Nestle tweaks brand taglines

Three top brands, Maggi, Nescafe and KitKat, are part of this exercise

Need to destroy 550 tonnes of outdated Maggi stocks: Nestle to SC

The bench adjourned the hearing directing next hearing on September 30

Nestle to buy medical device company Phagenesis in stages

The deal is the latest acquisition in medical sphere as Nestle increasingly refocuses its business between food and pharmaceuticals

Soup it up

Nestle's rich valuation needs recipe to match

Nestle says back in market-leading slot after Maggi relaunch

FSSAI had banned Maggi in June last year by Bombay High Court citting hazardous and unsafe

Nestle sales growth slows, expects better second half

Having missed its long-term target of 5-6% growth for three years, the company is aiming for organic growth in 2016

Nestle posts Rs 231-cr profit, sales surge 16.7%

Nestle India posted Rs 230.8 crore net profit in the first quarter of FY17, compared to a Rs 64.4 crore net loss during the year-ago period. Net sales surged 16.7 per cent due to a lower base, impacted by the Maggi crisis, to Rs 2,087 crore from Rs 1,776 crore on a year on year (y-o-y) basis. Last year its sales remained grossly below normal due the ban on sale of Maggi noodles and is yet to fully recover.Its sales this quarter, while has outperformed expectations of analyst firms such as Edelweiss Securities, its bottom line remained below expectations. Edelweiss estimated it's revenue and profit after tax to stay at Rs 2,006 crore and Rs 255.7 crore respectively."We expect Nestle to revert to sales growth from this quarter. Growth will also look optically better because the Maggi ban happened in the base quarter in June. Other expenditures would remain high because of increased advertising and promotional spends done by the company and lower operating leverage," it said.Recovery on t

Nestle's new chief expected to drive health expansion

In his 13 years at the helm of German healthcare company Fresenius, Schneider oversaw a series of deals that brought a twelvefold increase in net income

Acquired tastes

Nestle no closer to the medicinal Kit Kat

Nestle ties up with Alibaba in China

The Swiss food company grapples with slowing growth and new shopping trends in the world's largest consumer market

Nestle strikes patnership with Alibaba to market its products

Nestle will launch campaign with its diverse products, spanning 30 brands from coffee to baby formula in Alibaba platforms

Nestle, on health kick, moves into milk allergy testing

To develop and market an experimental milk allergy test for infants

Nestle struggles to get out of the woods

Net profit and sales in March quarter both continue sequential improvement since Maggi ban lifted but well down on annual basis; CMD promises more progress

Nestle: Margin pressure likely to continue

Though March quarter performance largely in line with expectations, valuation seems steep

Nestle Q1 net seen down 19%

Margins may expand sequentially as gross margin will be aided by lower sales of Maggi noodles

Nestle first quarter growth beats expectations, volumes pick up

Nestle reported 3.0% volume growth in the quarter, slightly better than rival Unilever which had growth of 2.6%

Nestle posts 4.2% sales growth in 2015

Nestle Chief Executive Paul Bulcke said the company is not abandoning its long-term growth model

Nestle net profits plunge 39% in 2015

Lower net profits were due to one-off impact from the disposal in 2014 of part of the L'Oreal stake

Nestle sees "softer" pricing in 2016 after financial year's profit miss

Net profit of the group fell to 9.1 billion Swiss francs ($9.19 billion), lagging the average estimate of 9.98 billion francs