Friday, November 8, 2024

Nestle India

Nestle India Chairman Suresh Narayanan to retire; Amazon’s Manish Tiwary to take over

Leadership
Nestle India’s Chairman and Managing Director Suresh Narayanan will retire from the company on July 31, 2025, according to a stock exchange filing on Monday. He will be succeeded by Manish Tiwary, currently the country leader...

Nestle India invests INR 705.6 Cr in joint venture with Dr Reddy’s, holds 49% stake

News
Nestle India h͏͏a͏͏͏s͏͏ announc͏͏ed an͏͏͏ in͏͏͏v͏͏est͏men͏t of ͏I͏NR͏ 70͏5͏.6 c͏͏ro͏r͏e in͏ a͏͏ new ͏joint venture with͏͏ Dr Reddy’s Laboratories Ltd,͏ ͏͏͏a͏c͏͏cord͏in͏g to͏ a ͏BSE f͏͏͏i͏l͏͏in͏g͏ ͏o͏n͏ ͏Th͏ur͏͏s͏͏d͏͏ay. ͏T͏he͏͏͏͏ v͏͏͏͏͏entu͏re, f͏ocused o͏͏n nutri͏͏͏ti͏o͏n͏al he͏a͏͏͏lt͏h s͏o͏͏lution͏͏s, ͏wi͏ll of͏fe͏r͏...

Nestle India likely to maintain growth trajectory in Q1 with 9% revenue gain and 13% profit boost: Analysts

News
FMCG giant Nestle India ͏is exp͏ected to ͏͏͏maint͏ain͏ it͏s͏ grow͏t͏h ͏͏t͏͏rajector͏y͏ ͏in͏ th͏e first q͏uart͏e͏͏r͏ e͏nd͏͏ed ͏June͏ 20͏24͏,͏ ͏͏d͏riv͏en by stro͏ng͏ increas͏͏e͏͏s in͏ both͏...

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

News
Nestle India, a leading FMCG company, will pay a royalty of 4.5 percent to its parent company, Société des Produits Nestlé S.A, as stated...

FMCG giants like Nestle, ITC, and Tata Consumer embrace premiumization with innovative strategies

News
For the first time, Nestle India, a packaged foods manufacturer, is planning to recruit tasters and connoisseurs of premium foods for its soon-to-be-launched super-premium...

Nestle India shareholders reject proposal to increase royalty payments to Swiss parent company

News
Shareholders of Nestle India have rejected a proposal to raise royalty payments to Nestle SA, the parent company of the packaged foods maker. Nestle India...

PepsiCo India trials healthier oil blend for Lay’s chips, aims to reduce palm oil usage

News
PepsiCo India has initiated trials aimed at substituting palm oil and palmolein with a combination of sunflower oil and palmolein in Lay's, the leading...

FMCG firms eye volume growth rebound in FY25 with hopes pinned on lower inflation, favorable monsoon

News
After experiencing sluggish volume growth over the past two years, FMCG companies are now squarely focused on achieving volume growth recovery for FY25. They're...

Nestle India sets sights on 6 Million touchpoints, focusing on volume growth

News
Nestle India is intensifying its efforts to boost volume growth in the face of an inflationary market. The company has announced plans to further...

Premiumization and cost cuts boost margins for HUL, Tata Consumer, and Nestle India in Q1

News
Amidst the heightened regulatory scrutiny surrounding processed foods, Hindustan Unilever (HUL), Tata Consumer Products (TCPL), and Nestle India have released their March quarter results....

Nestle India approves 0.15% annual increase in royalty payments to parent company for next five years

News
Nestle India Ltd, a fast-moving consumer goods (FMCG) company, announced that its board has greenlit a proposal to incrementally raise royalty payments to its...

Nestle India ramps up investments, sets sights on robust growth with INR 6,000-6,500 Crore expansion plan

News
Nestle, a leading FMCG company, is expanding its manufacturing capabilities and operations in India. According to Suresh Narayanan, the Chairman and Managing Director of...

Nestle India sees 4.3% increase in Q4 net profit, reaching INR 655.61 Crore

News
FMCG major Nestle India reported a 4.38% rise in net profit to INR 655.61 crore for the fourth quarter ended December 2023, compared to...

‘Healthier’ options account for only 24% of packaged food sales in India, indicates latest ATNI Report

News
A report from the Access to Nutrition Initiative (ATNI) indicates that merely 24% of sales for major packaged food companies in India come from...
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