Nestle India Ltd Share Price (NESTLEIND)

Nestle India Faces Investigation Over Baby Food; Analysts Expect Strong Q1 Results - 23 Apr, 2024

Nestle India is facing an investigation over allegations of higher sugar content in its baby food products. The FSSAI has launched a comprehensive probe to assess the potential violation of regulations by Nestle and other brands selling baby food and formula milk. Meanwhile, analysts expect strong Q1 results from Nestle India, with a 21.3% YoY increase in net profit and 5% growth in domestic revenue.

Increased Scrutiny on Sugar and Chemical Levels in Food Products Poses Risk for Nestle India - 22 Apr, 2024

Nestle India faces immediate regulatory action and consumer mistrust due to increased scrutiny on sugar and chemical levels in food products. The recent findings of a Swiss NGO revealing contrasting standards adopted by the multinational foods company can adversely impact its goodwill in this high-growth market, leading to value erosion on bourses.

Nestle India Shares Fall Over Reports of High Sugar Content in Infant Milk Products - 20 Apr, 2024

Shares of Nestle India fell over 1% amid reports that the company sold infant milk products with higher sugar content in less developed countries. Swiss NGO Public Eye and International Baby Food Action Network found that Nestle sold baby products with more sugar content in South Asian, African, and Latin American nations compared to Europe. However, Nestle India said it has reduced added sugar on baby food products by up to 30% over the past five years.

Nestle India Faces Probe Over Sugar Content in Baby Products - 19 Apr, 2024

Nestle India faces probes from CCPA and Department of Consumer Affairs over allegations of higher sugar content in baby products sold in India compared to Western counterparts. Abneesh Roy, Executive Director, believes it won't significantly impact sales as Nestle reduced sugar content by 30%. Shares slipped amid reports but recovered later.

Nestle India Shares Fall on Sugar Controversy - 18 Apr, 2024

Nestle India's stock price fell by up to 5.4% following a report by Public Eye revealing that the company adds sugar to infant milk sold in poorer countries like India, raising concerns about adherence to international guidelines aimed at curbing obesity and chronic diseases. The Centre has taken cognizance of the issue and will investigate after due diligence.

Nestle India Reduces Added Sugar in Infant Cereal Range - 17 Apr, 2024

Nestle India has reduced up to 30% of added sugars across its infant cereal range over the past five years in response to concerns about added sugar in its baby food, particularly in developing nations.

Nestle India Ltd up for fifth straight session - 16 Apr, 2024

Nestle India Ltd stock is up 0.25% on the day, while Nifty FMCG index is up 0.32%. The PE of the stock is 81.92 based on TTM earnings ending December 23.

Nestle India Gains Amid Red Market - 15 Apr, 2024

Nestle India was among the gainers on the Nifty despite a red market. Chaudhary Groups India's food unit plans a sizable listing in the next two years.

NCDRC Dismisses Indian Government's Complaint Against Nestle India Over Maggi Noodles - 12 Apr, 2024

The National Consumer Disputes Redressal Commission (NCDRC) has dismissed the Indian government's complaint against Nestle India over safety of its Maggi noodle products. The report by the Central Food Technological Research Institute (CFTRI) found that the lead content in the tested Maggi noodle products was within the permissible limits.

Nestle India Board Approves Royalty Hike - 08 Apr, 2024

Nestle India's board has approved increasing royalty payment to its parent firm by 0.15% annually for the next five years, thereby enhancing it to 5.25% of net sales. The stock traded flat with a negative bias after the announcement. Analysts predict that EBITDA and EPS may take a hit by 0.7-0.8% and 1%, respectively.

Nestle India Approves Increase in Royalty Payment - 06 Apr, 2024

Nestle India's board has approved an increase in royalty payments to its parent company by 0.15% per year for the next five years, bringing the rate up to 5.25% of sales. This will make Nestle's royalty rate one of the highest in the domestic FMCG industry.

Nestle India Board Approves Royalty Increase and New Director Appointment - 05 Apr, 2024

Nestle India's board has approved a 0.15% annual increase in royalty payments to its parent firm over the next five years, subject to shareholder approval. Additionally, Suneeta Reddy has been appointed as an additional independent non-executive director. The National Consumer Dispute Redressal Commission also dismissed the government's plea against Nestle India regarding unfair trade practices in selling Maggi products.

Nestle Wins Case Against Government Over Maggi Noodles - 04 Apr, 2024

The National Consumer Dispute Redressal Commission has ruled in favor of Nestle India, dismissing the government's 2015 plea seeking damages of Rs 640 crore over alleged unfair trade practices related to Maggi noodles. The stock settled flat at Rs 2,551 on the NSE.

Nestle India Shares Fall After Coverage Initiation by Emkay Global - 03 Apr, 2024

Nestle India's stock falls as domestic research firm Emkay Global initiates coverage with a reduced rating and price target of Rs2,650 per share, citing restrained re-rating due to pressure on ROE/ROCE.

ICICI Securities Recommends Holding Nestle India Stock - 26 Mar, 2024

ICICI Securities has maintained a Hold rating on Nestle India Ltd., citing that the positives driving its performance have largely been factored into its current stock price. Additionally, the brokerage firm recommends holding the stock while upgrading Avenue Supermarts Ltd. to Add in the medium term.