Nestle

Nestle India Q2 results: Standalone net profit climbs 9% YoY; shares fall up to 4% on margin miss

Thu, Oct 17, 2024

As company missed on both EBITDA and margins, the stock tanked sharply after its Q2 results.

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Nestle Q1 preview: Nescafe maker to likely report 16% growth in PAT; margins seen to climb 200 bps

Thu, Jul 25, 2024

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Share Market News June 13: Nestle India, ICICI Prudential, Tata Technologies, other stocks to track on Thursday

Wed, Jun 12, 2024

Stocks to Track on June 13, Stocks in News: Here is a list of stocks that are set to be in the spotlight during the June 13 session.

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Nestle India share price: Kotak Institutional Maintain REDUCE rating to Rs 17150 (from Rs 17500 earlier)

Wed, Feb 17, 2021

Kotak Institutional Equities says Nestle ended CY2020 with 9.2% revenue growth in Q4 largely led by volume and mix. EBITDA margin (21.7%) missed estimates (expected 22.6%) despite the significant beat on gross margin. Covid-led lockdowns and confined living have triggered a rise in penetration and product trials and it can potentially drive higher consumption/adoption of packaged foods.

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Nestle share price opens strong; CLSA, other brokerages have this to say

Mon, Oct 26, 2020

CLSA largely maintains operating expectations but cut EPS estimates 2-3% on lower treasury yield and increased depreciation.

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Nestle shrugs off COVID-19 impact thanks to pet food and health nutrition

Wed, Oct 21, 2020

Nestle raised its guidance for 2020 organic sales growth to around 3% and reaffirmed its ambition to return to mid-single digit growth after strong demand for pet food, coffee and health products boosted quarterly growth.

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Stocks in Focus on September 1: Telecom Stocks, BEML, L&T to Nestle; here are the 5 Newsmakers of the Day

Tue, Sep 01, 2020

Snapping a six-day streak, the domestic equity benchmarks ended sharply lower on Monday, August 31, 2020. The barometer index, S&P BSE Sensex dropped 839.02 points or 2.13% at 38,628.29. The Nifty 50 index fell 260.10 points or 2.23% at 11,387.50. But certain stocks came in news after the market was closed.

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Perfect recipe! 2-minute Maggi fires-up Nestle to record high during lockdown; this is how much it sold

Fri, Jun 05, 2020

People have had to change their lifestyle in many ways during lockdown to adjust themselves inside the confines of their homes. However, that did not adversely affect Nestle.

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Stocks in Focus on August 29: Nestle, IIFL to Sun Pharma; here are the 5 Newsmakers of the Day

Thu, Aug 29, 2019

Certain stocks came in news after the market was closed yesterday and can have an impact on the market when it reopens on Thursday.

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Nestle Q1 net profit up 9.25% at Rs 463.28 crore; Check other key details

Tue, May 14, 2019

Nestle also announced plans to launch organic food products in the category 'milk products and nutrition' in the coming months. 

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Maggi Noodles controversy: Nestle welcomes Supreme Court ruling

Thu, Jan 03, 2019

Food group Nestle said on Thursday a ruling by Supreme Court marked a partial victory in its row with the government over Maggi noodles.  

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Accused of profiteering from GST rate cuts, Nestle says 'had taken appropriate measures to pass on commensurate benefits'

Mon, Oct 15, 2018

The anti-profiteering watchdog had ordered the probe in May after company admitted to having accrued gains post rate cuts. 

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Nestle aims to shed skin unit to focus on food, nutrition

Thu, Sep 20, 2018

On Thursday,Nestle put its skin health unit up for sale as the maker of Nescafe and Perrier water ditches underperforming businesses and fends off criticism from an activist investor demanding an overhaul.

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Nestle India Q2 net profit jumps 50% to Rs 395 crore

Fri, Aug 03, 2018

"The growth rates are adversely impacted due to lower reported sales by the change in structure of indirect taxes and reduction in realisations to pass on the GST benefits. 

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Nestle to pay $7.15 billion to Starbucks in coffee tie-up

Mon, May 07, 2018

Nestle will pay Starbucks $7.15 billion as part of a global coffee alliance in which the Swiss-based food giant is getting the rights to market the U.S. coffee company`s products around the world outside Starbucks` coffee shops.

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McDonald’s India raises concerns over food quality at CPRL-run outlets

Fri, Dec 29, 2017

McDonald’s India Pvt. Ltd (MIPL), the local unit of the American fast food chain, has expressed concern over the quality and safety of food served across 169 McDonald’s restaurants run by its north and east India licensee Connaught Plaza Restaurants Pvt. Ltd (CPRL), as reported by Livemint.

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Maggi compliant with latest FSSAI norms, no ash added: Nestle

Mon, Dec 04, 2017

District administration of Shahjahanpur, UP, had slapped a fine on Nestle India and its distributors last week after Maggi had allegedly failed to pass the lab test and found ash content above the permissible limits for human consumption.

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Nestle shares trade flat on BSE Sensex as allegations of ash in noodles hit

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.

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Maggi samples fail lab test; UP administration slaps Rs 45 lakh fine on Nestle

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.

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Nestle accelerates restructuring as sales growth stays tepid

Thu, Oct 19, 2017

Makers of packaged foods are under pressure to review their business models and brand portfolios to satisfy consumers` appetite for fresh, healthy, local foods, while at the same time improving returns to silence increasingly vocal activist investors.

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Nestle plans $20.8 billion share buyback amid Third Point pressure

Wed, Jun 28, 2017

Nestle plans to buy back as much as 20 billion Swiss francs ($20.8 billion) worth of shares over three years, it said on Tuesday, days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company.

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Nestle, PepsiCo & other 8 companies control everything you buy

Mon, Jun 12, 2017

There are 10 companies like Nestle, PepsiCo, Coca-Cola, Unilever, Danone, General Mills, among others that control majority of what you buy from food and beverage brand.

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Here's why Patanjali may be in the same spot as Nestle was in 2015

Tue, Apr 25, 2017

The armed forces canteen suspended the sales of Patanjali amla juices recently from its outlets after a laboratory in Kolkata found it unsafe for consumption.

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