Fri, Feb 17, 2023
Nestle India beat analysts' estimates with a year-on-year jump of 65.7 per cent in net profit for the quarter ended December 2022, sending strong signals to Dalal Street. Nestle shares ended stronger by Rs 316.3 or 1.6 per cent at Rs 19,562.1 after the earnings announcement.
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Thu, Jan 03, 2019
The Consumer Affairs Ministry had in 2015 filed a complaint against Nestle India before the NCDRC using a provision for the first time in the nearly three-decade-old Consumer Protection Act.
Thu, Nov 15, 2018
In a bid to fight the plastic menace in the country, Nestle India has started an initiative on a pilot basis. This return programme by the company would offer one free Maggi packet for 10 empty packets.
Thu, Nov 30, 2017
The packaged food giant in India is now starring at another allegation of ash content in its famous two minute noodles. Share price of the company has come under pressure on Thursday.
Wed, Nov 29, 2017
Maggi was banned by FSSAI in June 2015 for allegedly containing lead beyond permissible limits, forcing Nestle India to withdraw the product from the market. Even in 2015, the Maggi trouble for Nestle had begun in Uttar Pradesh.
Wed, May 24, 2017
Abhijeet Kundu, analyst at Antique Stock Broking Limited said, “Maggi post-relaunch after the ban has been able to grow their market share but at slower pace, which was witnessed in the current quarter's domestic sales growth.”
Tue, May 02, 2017
Maarten Geraets, General Manager, Foods of Nestle India said, “With the launch of the Maggi Masalas of India Noodles, we will be offering Maggi lovers even more ways to enjoy their favourite noodles. We are happy to introduce this new range and are confident that it will be appreciated by our loyal customers, who expect nothing but the best from Nestle India.”
Mon, Nov 14, 2016
In almost all consumer goods segment, Baba Ramdev’s Patanjali have been taking the reins except for one.
Mon, Oct 31, 2016
Maggi noodles has regained its share in the domestic market, with consumers flocking to the popular two-minute snack, more than doubling Nestle India's net profits for the quarter-ended September 2016.
Thu, Aug 18, 2016
Nestle, while announcing its global results on August 18, said that the Indian market is gaining momentum a year after the Maggi noodle withdrawal from the market.
Sat, Jul 23, 2016
Even our breads and pizza naans have been found to be highly carcinogenic.
Fri, May 13, 2016
Nestle’s Maggi may have bounced back as the largest selling instant noodles brand in India within five months of its relaunch but the damage has been done.
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