Page 2 - Nestle India

Nestle to launch of 'no refined sugar' variants of infant food Cerelac

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

Nestle launches Cerelac variants with no refined sugar in Indian market

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

Nestle Q2 results: Profit drops 0.94% to Rs 899.49 cr, net sales up 1.3%

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 slips 4% after posting slightly lower Q2 net profit; Details

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

Nestle Q2 preview: Profit may rise up to 8% YoY, revenue 5-7%, say analysts

Nestle India Q2 results preview: Investors will monitor the demand outlook on rural against urban, competitive intensity and raw material trends for Nestle India

Nestle nominates former Amazon India exec Manish Tiwary as India MD

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

Manish Tiwary to become Nestle India MD after Narayanan retires in 2025

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

Divi's Lab, AEL, M&M among top movers & shakers in FY25; trading guide here

Among existing gainers, Divi's Lab and Shriram Finance seem poised for further gains, whereas losers IndusInd Bank and Nestle too look promising on technical charts; check key levels.

From PepsiCo to P&G, India becomes next big FMCG growth bet as China lags

With India's economy expanding at the fastest pace among major emerging markets, companies are trying to serve its diverse palette

Nestle India: Higher growth rates imperative to sustain high valuation

Nestle has been focusing on "RURBAN" and expanding its distribution reach. E-commerce continued to deliver double-digit growth

Nestle net profit up 7% as key brands register double-digit growth

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

Nestle India stock drops 3% after Q1 earnings miss street estimates

The fall in the share price came after the company announced its June quarter (Q1FY25) results, which missed street expectations.

Nestle Q1 Preview: Analysts eye strong revenue growth, margin expansion

Nestle India experienced robust revenue growth during the quarter. The company, analysts believe, gained from enhanced distribution. Thus, it is expected to see margin expansion of over 100 bps.

Food inflation, commodity prices remain a challenge: Nestle India

Company declares interim dividend of Rs 2.75 per equity share, final dividend of Rs 8.5 per equity share

Buy & sell ideas for July 01 from Anand Rathi: Nestle, SBI Life, ONGC

Notably, SBI Life has recently broken out of this consolidation range and is now sustaining levels above it, indicating a potential upward trend

Innovation key pillar of growth for Nestle India, says annual report

Penetration, premiumisation and innovation combined with disciplined resource allocation were the key growth drivers for the business, the report stated

Baby food sugar row: Public Eye, IBFAN call for legal action against Nestle

A report by Public Eye and IBFAN showed that Nestle's baby foods in South Asian, African, and Latin American countries had notably elevated sugar content compared to their European counterparts.

Nestle India to pay royalty fee to Swiss parent at current rate of 4.5%

As many as 57 per cent of the company's shareholders had rejected the proposal, the company had informed the exchanges

Rahul Gandhi stocks outperform; Nestle, Pidilite up 1% in a falling market

At 11:49 am; Nestle India (Rs 2,385.45), Pidilite Industries (Rs 2,988.45) and Divi's Labs (Rs 4,343.80) were trading higher by up to 1% higher, as compared to a near 5% decline in the BSE Sensex.

Nestle India shareholders vote against hiking royalty payment to parent

In its report dated May 3, Institutional Investor Advisory Services advised shareholders to vote against the resolution to hike royalty payment to its parent