Nestle India Ltd (NESTLEIND)

Nestle India Launches Premium Coffee Line - 02 May, 2024

Nestle India is set to launch its high-end Nespresso brand of coffees and machines in India this year, citing a surge in in-home coffee consumption. The company relies on urban customers for 80% of its top line and grew quarterly net profit by 27% YoY.

Nestle India Denies Allegations, Announces Dividend and New Businesses - 30 Apr, 2024

Nestle India rejects allegations of selling high-sugar baby food products in less developed countries. NEST announces a Final Dividend of INR 8.5/- per equity share for FY ended March 2024 and two new businesses. The target price is maintained at INR 2,721 per share with an ACCUMULATE rating.

Nestle India Focuses on Distribution Expansion Amidst Inflationary Market - 29 Apr, 2024

Nestle India is facing scrutiny from food safety authorities over alleged added sugars in its infant milk and cereal products. The company has responded by testing a zero-sugar variant for infant food while emphasising compliance with local food norms. Meanwhile, Nestle India plans to expand distribution to six million touchpoints over 4-5 years and strengthen premiumisation play with bets on nutraceuticals and pet foods segments.

Nestle India Shares Drop After Sugar Controversy - 27 Apr, 2024

Nestle India's Q1 results show an increase in revenue and profits, while coffee consumption trends are positive. However, its shares dropped by up to 5.4% following revelations about adding sugar to baby food products.

Nestle India's Q1 Net Profit Surges 27% - 26 Apr, 2024

Nestle India reported a 27% YoY increase in net profit for Q1FY25, beating estimates. Brokerages have mixed views on the stock due to expensive valuations and headwinds to growth and margins in FY25.

Nestle India Reports Strong Q1 Results, Forms JV with Dr. Reddys - 25 Apr, 2024

Nestle India reports a strong Q1 performance with a net profit of Rs 934 crore and revenue growth of 9.1%. The company also forms a joint venture with Dr. Reddys for nutraceutical brands in India and announces the launch of Nespresso by year-end.

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

Nestle India is expected to report a strong Q1 result with an increase in net profit and revenue growth due to price hikes, new product development, and strong rural distribution. Citi maintains its buy call on the stock with a target price of Rs 2,900 apiece.

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.