nestle

New Delhi: FMCG firm Nestle India on Monday said its shareholders have approved continuing to pay royalty to its parent company at the existing rate of 4.5 per cent of net sales.In early May this year, the company's shareholders approved the merger of parent company Société des Produits Nestlé...

New Delhi: India has become Nestle's largest market globally for its instant noodles and soup brand Maggi and the second largest for its chocolate wafer brand KitKat, according to the latest annual report of Nestle's local subsidiary.Furthermore, the Indian market has become one of the fastest...

New Delhi: India is one of the fastest growing markets for Swiss global food and beverage giant Nestlé, with its local subsidiary achieving double digit growth.According to Nestle India's latest annual report, the company, which owns popular brands like Maggi, Kit Kat and Nescafe, is...

New Delhi: FMCG major Nestle India on Wednesday said it will continue to pay royalty to its parent company at the existing rate of 4.5 per cent of net sales, after a proposal to increase it was rejected by shareholders.Nestlé India said that the company's board in its meeting has approved the...

New Delhi: Shareholders of FMCG firm Nestle India Ltd have rejected a proposal to increase royalty payments to its parent firm, according to a regulatory filing by the company.Nestle India's board had last month approved increasing the royalty payment to its parent company Société des Produits...

Shareholders holding a total of 57.18 percent stake in the company voted against this proposal.The proposal called for increasing the royalty paid to its parent to 5.25 percent of net sales over a five-year period from the current level of 4.5 percent. The increase was proposed at the rate of...

Among Sensex stocks, PowerGrid was up over 3 per cent while Tat Motors, Asian Paints, Sun Pharma, Tata Steel, M&M, Nestle India, HDFC Bank were up over 1 per cent.BSE Senses was trading 256 points higher at 74,739 points.V.K. Vijayakumar, chief investment strategist, Geojit Financial...

GURUGRAM: FMCG major Nestle India will focus on volume growth going forward, in a market that is "still impacted by inflation", to remain in top quarterly performance, the company's Chairman and Managing Director Suresh Narayanan said on Monday. .The company, which will open the first boutique...

GURUGRAM: Nestlé India Chairman and Managing Director Suresh Narayanan on Monday insisted that the company's baby food for children below 18 months is made on a global basis and the allegations that "it is racially stereotypical and unfortunate" Is" and is wrong.Addressing reporters here, he...

Bajaj Finance was down 8 per cent, Bajaj Finserv was down 3.7 per cent, Nestle was down 3.2 per cent. IndusInd Bank was down 3 per cent, M&M was down 2.1 per cent.Sensex was trading at 73,830 points, down 509 points.Nestle India reported 9 percent year-on-year revenue growth during the...

New Delhi, Shares of Nestle India rose over 2 per cent on Thursday after the company reported a 27 per cent rise in net profit for the fourth quarter ended March 31, 2024.The stock closed 2.39 per cent higher at Rs 2,562.70 on the BSE. During the day it rose 2.92 percent to Rs 2,576.20.It...

Dr Reddy's will hold 51 per cent stake, while Nestle India will hold 49 per cent stake in the joint venture with proportionate shareholder rights of voting, dividend distribution and other economic rights, Nestle India said in a statement.Nestle India will have a call option to increase its...

Hyderabad, Nestle India and Dr Reddy's Laboratories Ltd on Thursday announced that they have entered into a definitive agreement to form a joint venture to bring innovative nutraceutical brands to consumers in India and other agreed territories.A joint press release from the companies said the...

New Delhi, FMCG major Nestle India on Thursday reported 27 per cent rise in net profit to Rs 934 crore for the fourth quarter ended March 31, 2024, led by strong growth momentum across its product portfolio.The company had reported a net profit of Rs 737 crore in the January-March quarter of...

New Delhi, FMCG major Nestle India on Thursday reported 27 per cent rise in net profit to Rs 934 crore for the fourth quarter ended March 31, 2024, led by strong growth momentum across its product portfolio.The company had reported a net profit of Rs 737 crore in the January-March quarter of...

New Delhi, FMCG major Nestle India on Thursday reported 27 per cent rise in net profit to Rs 934 crore for the fourth quarter ended March 31, 2024.The company had reported a net profit of Rs 737 crore in the January-March quarter of financial year 2022-23.Revenue from operations increased to...

Mumbai (Maharashtra) [India], The stock market closed in the green on Thursday as the NSE Nifty 50 index ended the trading session at 22,361.65 with a marginal gain of 0.11 per cent. Similarly, BSE Sensex closed 0.14 per cent higher at 73,751.22, indicating positive sentiment among investors. Of...

New Delhi [India], Top official sources say all companies manufacturing infant formula will be investigated and strict action will be taken against those not following the guidelines. Speaking to ANI, sources said, "Infant formula available in the market will be scrutinized by all companies and...

NEW DELHI: Shares of Nestle India continued to fall on Friday amid reports that the global FMCG major is selling infant milk products with high sugar content in less developed countries, sending its DA down by over 1 per cent.The stock fell 3.53 per cent to Rs 2,375.75 during the day on BSE...

New Delhi: The consumer affairs ministry on Friday said it has asked food safety regulator FSSAI to investigate the composition of Nestle's Cerelac Bab cereals sold in India, amid a global report that claimed the company High sugar content was adding to the product.According to findings by...