Nescafe Financial News

06.03 / 15:07

markets UPS Target CEO Nestle trends Nescafe Nestle flirts with luxury via First Nespresso boutique in India; more to follow

Subscribe to enjoy similar stories. Nestlé, the world's largest coffee company, has launched a Nespresso boutique in Delhi's Nexus CityWalk mall, targeting India's affluent consumers. The boutique offers Nespresso coffee machines, priced from ₹16,500, and coffee pods.

24.02 / 12:21

markets Citi Reuters Platform Nestle RAI Nescafe Nestle India considering price hikes to counter commodity inflation, executive says

Nestle India will consider raising prices of its products by a small margin to counter inflation in coffee, cocoa and edible oil while aiming to keep sales coming in, a top executive said on Monday.

03.02 / 13:29

markets UPS Target Nestle Nescafe reports rights Nestlé evaluates Starbucks coffee launch for at-home consumption in India

Subscribe to enjoy similar stories. Nestlé, the world's largest coffee company, is considering launching Starbucks-branded coffee for at-home consumption in India. This move would be part of its 2018 alliance with Starbucks, which granted Nestlé the rights to package and sell Starbucks' speciality roasts and instant mixes outside of coffee shops.

17.06 / 10:33

COST Digital Nestle Nescafe innovations reports rights Nestle India highlights significant gains from parent's IPRs amid royalty payout dispute

NEW DELHI:Packaged foods company Nestle India has said it has benefitted "immensely" from its parent company's intellectual property rights, or IPRs, over the years, leading to greater speed of innovation as well as cost-savings to the business. The statement comes in the wake of a majority of shareholders rejecting a proposal to increase the royalty payout to its Swiss parent, Société des Produits Nestlé S.A., from 4.5% to 5.25% per annum.

19.10 / 19:15

Digital Landmark Nescafe show performer classical reports Consumer firms get an urban glow in Q2

₹2,717 crore for the three months ended 30 September from ₹2,616 crore a year ago, the company said in a statement to the stock exchanges. Sales rose 4% to ₹15,027 crore from ₹14,514 crore in the year-ago period, while advertising and promotion spending increased 11.4% to ₹1,720 crore during the quarter. The company said it delivered a “resilient and competitive performance" in the quarter, with an underlying volume growth of 2%.

09.10 / 17:17

Citi Highways Nestle Nescafe cover reports travelers Inside Nestle India’s Bharat travels

New Delhi: Pujari Hotel, a small wayside dhaba on the highway connecting Sitapur to Lakhimpur, two cities in eastern Uttar Pradesh, has a menu that can surprise you— vegetable Maggi: ₹35; butter Maggi: ₹50; paneer Maggi: ₹55. The hotel’s owner, Mayaram, once made a living selling daal-rice and kachori. A year back, he switched to selling Maggi, the instant noodle brand from Nestle India Ltd that quickly rose to become urban India’s favourite comfort food since it was introduced over four decades ago, in the 1980s.

31.08 / 12:07

COST UPS Nestle Flushing Nescafe Food inflation still a concern; uncertainty due to shortfall of monsoon: Nestle India CMD Suresh Narayanan

Nestle India Chairman & Managing Director Suresh Narayanan said on Thursday. Going by publicly available information, now it is reasonably clear that with a 30 per cent deficit in the monsoon, Kharif crops might get impacted, even if the sowing is good, said Narayanan in a media roundtable here. With this El Nino impact not fully played out, we still have to watch for the spectre of food inflation, he said. «There will be pressure in terms of food inflation.

01.08 / 04:31

UPS FIVE Strategy Metro Discover Nestle Nescafe Bharat is discovering Nestle brands, there is secular growth: Suresh Narayanan

Suresh Narayanan, Chairman & MD, Nestle India, in conversation with Nikunj Dalmia of ET Now. Narayanan says, “Bharat is discovering the brands of Nestle. So earlier, as you would recall, we were largely a metro and a mega city company.

28.07 / 11:23

UPS Manufacturing Nestle Nescafe stage country Nestle investing Rs 4,200 crore by 2025, to set up its 10th factory in Odisha

Nestle India has «strong commitments» for local manufacturing with plans to invest Rs 4,200 crore by 2025, including in its 10th plant in the country at Odisha, its Chairman and Managing Director Suresh Narayanan said on Friday. Nestle India, the maker of popular Maggi noodles, KitKat chocolate and Nescafe, is investing to create capacity as it sees «fairly robust» demand in coming years in the Indian market. «The investments done are fairly significant… till the first half of 2023, about Rs 2,100 crore already been invested on capital investments,» said Narayanan in a media roundtable here.

27.07 / 06:57

COST UPS CEO Nestle Nescafe Nestle sales outlook brightens after strong first half

By Richa Naidu

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