Nestle India Ltd (NESTLEIND)

Nestle India Expected to Report Strong Q1 Results - 24 Jul, 2024

Nestle India is set to report strong Q1FY25 results, with analysts predicting 8-9% YoY revenue growth and margin expansion. The company's Q4 FY24 results showed a 27% increase in net profit and 9% growth in revenue.

Nestle India Poised for Growth Amidst Expansion Efforts - 23 Jul, 2024

Experts predict that FMCG companies, including Nestle India, may benefit from the finance minister's plan to boost consumption. Additionally, Nestle India's strong position in the food and beverages segment and expansion efforts are expected to drive growth.

Nestle India's Maggi is the Largest Market Globally - 22 Jul, 2024

According to Nestlé India's FY24 annual report, India is the largest market for Maggi globally. Despite the 2015 ban controversy, Nestle has maintained its leadership in the instant noodles category it created in India.

Investment Firm to Make One More Investment in FMCG - 18 Jul, 2024

An investment firm has announced plans to make one more investment in the FMCG sector, citing indications of rural demand turning and potential volume growth this quarter. Nestle India is currently the only large holding in their FMCG portfolio.

Nestle India Receives Positive Analyst Recommendations - 17 Jul, 2024

17 out of 36 analysts endorse Nestle India with an expected upside of 4% and a target price of Rs 2655.11. Axis Securities has a buy recommendation with a target price of Rs 2,880 while Kotak Institutional Equities maintains an add rating with a target price of Rs 2,550. The company announced a dividend of Rs 8.5 per share with a record date of July 16, 2024.

Nestle India Declares Dividend; Climate Risks Highlighted in Annual Report - 16 Jul, 2024

Nestle India declared an interim and final dividend for FY24. Nuvama Institutional Equities sees premium products, JV with Dr Reddys and new Maggi flavours as growth engines. JM Financials top stock picks ahead of Budget include Nestle India. The company's annual report highlights climate risks faced by the FMCG industry.

Nestle India Stock Trades Ex-Dividend; Volume Surges - 12 Jul, 2024

Nestle India is set to trade ex-dividend on July 16, with a next dividend payment of Rs 11.25 per share on August 6. The stock saw a surge in trading volume, reaching 1.06 lakh shares by 10:47 IST on BSE.

FMCG Sector Shows Signs of Recovery Despite Weak H1 Performance - 11 Jul, 2024

Nestle India Ltd, along with other major FMCG companies like HUL and ITC, saw price erosion in H1 2024 due to weak demand, inflation, adverse weather, and lower agri-growth. However, the sector is showing signs of gradual recovery, driven by strong performance in summer portfolios like cold beverages and prickly heat powder. The FMCG sector is expected to see a 7-9% revenue growth in FY25, driven by higher volumes and rural revival.

Nestle India Declares Interim Dividend and Continues Royalty Payment - 09 Jul, 2024

Nestle India has declared an interim dividend of Rs 2.75 per share for FY25, with a record date of July 16, 2024. Additionally, shareholders have approved the continuation of the current rate of 4.5% as royalty payment to its Swiss parent.

Nestle India Announces Dividend & Continues Royalty Payments - 08 Jul, 2024

Nestle India announces an interim dividend of Rs 2.75 per share for FY 2024-25, along with a total dividend of Rs 11.25 per equity share. Shareholders approve the continuation of royalty payments to its parent company at the existing rate of 4.5% of net sales.

Nestle India to Comply with Nutritional Labeling Regulations - 07 Jul, 2024

A spokesperson for Nestle India has stated that the company will comply with new nutritional labeling regulations. The company already provides nutritional information on its product packaging and voluntarily includes Guideline Daily Amount (GDA) labeling on the front of its products.

Nestle India Shows Technical Resilience Amidst Management Changes - 02 Jul, 2024

Nestle India's stock has shown technical resilience by finding support at the critical level of Rs 2,500 and forming a bullish rounding bottom pattern. Meanwhile, Sandeep Sethi has ceased to be Head of NestlBusiness Services Division due to its transfer to another subsidiary.

Nestle India Shows Technical Resilience - 30 Jun, 2024

Nestle India has found support at Rs 2,500, historically acting as a strong floor. The stock has formed a Rounding Bottom pattern near this zone, indicating a potential reversal of a downtrend.

Nestle India Reports Sales Figures and Prepares for AGM - 29 Jun, 2024

Nestle India has reported total sales figures of Rs 24,275.5 crore for the FY24 period and is preparing for its upcoming AGM where shareholders will focus on management's plans for continued growth momentum.

Nestle India's Cerelac at Center of Controversy Over Added Sugar in Baby Food - 27 Jun, 2024

The Indian government is considering amending baby food standards after a scientific panel review of Nestle India's Cerelac found added sugar. The $6.5 billion market is expected to grow 14% during 2024-30.