Nestle

Large investors now assert their right to have a say in investee companies, underscore analysts

The repercussions continue to weigh on the Swiss company's revenue after shoppers switched to cheaper, better advertised or more innovative brands, eating into Nestle's market share

Some images, which RAN said were taken during a field investigation in February 2024, showed that oil palm seedlings were planted on burnt ground surrounded by fallen trees inside the reserve

The firm to launch 14 'no-refined sugar' variants of Cerelac next month, on the heels of allegations that the brand added sugar to its baby foods in low and middle income countries

FMCG major Nestle India on Thursday said it will soon launch variants "with no refined sugar" of its infant food Cerelac. The announcement is important as Nestle India, part of Swiss multinational Nestle SA, recently faced criticism for having added sugar in Cerelac. In the company's earnings statement CMD Suresh Narayanan said: "We have achieved our ambition of introducing Celerac variants with no refined sugar." This was initiated three years ago and culminated this year with the introduction of new Cerelac variants with no refined sugar, he added. "The expanded Cerelac range in India will now consist of 21 variants, of which 14 variants will have no refined sugar," he said. Of these 14 variants, 7 will be available by end of November 2024 and the rest will be introduced in the coming weeks, he added. In April this year, Public Eye, a Swiss investigative organisation, and the International Baby Food Action Network (IBFAN), alleged that Nestle added sugar to its Cerelac products

The company confirmed that seven of the 14 sugar-free versions will be available in Indian stores by the end of November, with the remaining seven set to be introduced in the following weeks

FMCG major Nestle India Ltd on Thursday reported a marginal decline of 0.94 per cent in its net profit at Rs 899.49 crore for the quarter that ended September 2024, in which it faced high commodity prices and some of its key brands faced softer consumer demand. The company had posted a net profit of Rs 908.08 crore in the July-September period a year ago, according to a regulatory filing from Nestle India. However, Nestle India's revenue from the sale of products was up 1.3 per cent to Rs 5,074.76 crore in the September quarter. It was at Rs 5,009.52 crore in the corresponding period last fiscal. Its total expenses in the September quarter were up 3.42 per cent to Rs 4,090.09 crore. Nestle India's domestic sales were up 1.23 per cent to Rs 4,883.14 crore, as against Rs 4,823.72 crore in the corresponding period of July-September. Its revenue from exports was also up 3.13 per cent to Rs 191.62 crore in the September quarter. Nestle India's revenue from operations, which includes o

Nestle India reported a consolidated net profit of Rs 899.49 crore for the September quarter, compared to Rs 908.08 crore a year ago

In July, Nestle had said it expected full-year organic sales growth of at least 3 per cent and that its UTOP margin for 2024 would grow moderately

Since 2013, Amazon has invested around $6.5 billion in the e-commerce business in India

Tiwary, who was the country manager of Amazon India, was appointed as the Managing Director of Nestle India effective from August 1, 2025, according to a regulatory filing

FMCG major Nestle India on Monday announced a change of leadership with the appointment of Manish Tiwary as the Managing Director of the company after the incumbent, Suresh Narayanan, retires in July next year. Tiwary, who was the country manager of Amazon India, was appointed as the Managing Director of Nestle India effective from August 1, 2025, according to a regulatory filing. Narayanan will retire as Chairman & Managing Director of Nestle India on July 31, 2025 after serving 26 years, it added. The nominations have been received from the Swiss parent firm Nestle SA. However, "the proposal is subject to necessary approval," said Nestle India. Tiwary is a Director at Amazon Digital Services and More Consumer Brand. He will step down from his directorship on October 30, 2024, the statement said. Tiwary, an alumnus of IIM Bangalore has nearly three decades of experience in leading large-scale operations and strategic initiatives in e-commerce and consumer goods sector. He join

This feat was particularly remarkable, given the hit industry margins took during the pandemic

Bulcke didn't address the firm's guidance, currently set at an underlying operating margin of at least 17.5 per cent for 2025

Companies like Nestle are grappling with sluggish demand, as inflation-squeezed shoppers tighten their belts

After eight years as CEO of the Swiss maker of Nespresso coffee and Purina pet foods, Schneider will be replaced by Latin America chief Laurent Freixe

Shares at the maker of KitKat chocolate bars and Nescafe instant coffee have fallen 8% in 2024, underperforming rivals like Unilever which has gained 29%

.

The company's rivals, including Nestle and Unilever , also reported first-half sales growth below expectations

The company had reported a net profit of Rs 698.3 crore in the year-ago period