Nestle Financial News

Benchmark NSE Nifty closed 167.95 points up at 22570.35 amid buying in frontline bluechip counters.

Last week, reports surfaced that after more than a year on the market, General Electric (GE) finally managed to offload Crotonville, its storied leadership academy nestled along the Hudson River in the suburbs of New York City. It’s not just Crotonville that’s a tough sell these days for GE. It’s also the executives the training centre helped shape and the leadership philosophy it long espoused.

sugar or two. Experts say this habit has likely persisted or worsened in your adulthood, paving the way for the bitter moniker “diabetes capital of the world” for India. The problem with the so-called nutritional drinks has come to the fore in recent weeks after the latest controversy regarding Nestle's Cerelac brought to light how brands have been using 'added sugar' to products that are meant for infants. However, denying the allegations, Nestle spokesperson told ET Online that the reduction of added sugars is a priority for the brand.

₹934 crore for the quarter ended March 2024, recording a rise of 27% from ₹737 crore in the year-ago period. Nestle India net profit beat analysts’ estimates of ₹858 crore.

Also Read: Nestlé Controversies: From sugar in baby food to Maggi ban, we look at top 8 concerns in India and abroad Nestle India is expected to report revenue growth of 6.6% at ₹5,150 crore in the January - March 2024 quarter as compared with ₹4,830 crore in the same period last year, as per average estimates of 5 brokerages. Volume growth for the quarter is expected to be 4% YoY. The company’s net profit for the quarter is estimated to rise 16.5% to ₹858 crore from ₹736.6 crore, YoY.

Karimganj Lok Sabha seat on April 26. As Indian Express reports, the Barak Valley, is experiencing a never before witnessed enthusiasm for the Lok Sabha Polls 2024. But why? Barak Valley in Assam is the nuanced location bordering Bangladesh, and often at the center of Bangali infiltration debate for Assam.

Q4 results today: A total of 38 companies will announce their financial results for the fourth quarter of FY24 today, April 25. Bajaj Finance, Nestle India, Tech Mahindra, IndusInd Bank, L&T Technology Services, Schaeffler India, ACC, MphasiS, Coromandel International, Laurus Labs, Cyient, Jai Balaji Industries, Himadri Speciality Chemical,Tata Teleservices (Maharashtra), Olectra Greentech, Welspun Living, Zensar Technologies, Tanla Platforms, AAVAS Financiers, and UTI Asset Management Company will announce their Q4 results today.

Bajaj Finance, Nestle, Tech Mahindra, IndusInd Bank, Axis Bank, HUL, Kotak Bank among others will be in focus due to various related developments or quarterly earnings. Bajaj Finance, Nestle, Tech Mahindra, IndusInd Bank Shares of Bajaj Finance, Nestle, Tech Mahindra and IndusInd Bank will be in focus as the companies will announce their quarterly results later in the day.

Domestic markets continued their winning run for the fourth day in a row on Wednesday, driven by strong global cues. «Despite the bulls maintaining their upward trajectory for the fourth consecutive session, there's a noticeable lack of momentum,» said Rajesh Bhosale, Technical Analyst, Angel One.

DCM Shriram Industries Ltd.(up 2.05%), Rajshree Sugars & Chemicals Ltd.(up 1.34%), Vishwaraj Sugar Industries Ltd.(up 1.24%), EID Parry(India)Ltd.(up 1.19%), Bannari Amman Sugars Ltd.(up 1.12%), KCP Sugar & Industries Corporation Ltd.(up 0.91%), Rana Sugars Ltd.(up 0.89%), Simbhaoli Sugars Ltd.(up 0.87%), Mawana Sugars Ltd.(up 0.68%) and Ugar Sugar Works Ltd.(up 0.63%) were among the top gainers.

Bank Nifty was up by 172.85(0.36%) at 22 Apr 2024 10:44:55 IST.In the BSE Sensex index Wipro, Larsen & Toubro, Ultratech Cement, Bajaj Finance, Axis Bank were the top gainers while NTPC, HDFC Bank, ITC, Mahindra & Mahindra, Nestle India were the top losers.In the Bank Nifty index Bandhan Bank, Punjab National Bank, Axis Bank, IDFC First Bank, Federal Bank were the top gainers while Au Small Finance Bank, HDFC Bank, were the top losers.For the complete list of 52 week high stocks click here. Milestone Alert! Livemint tops charts as the fastest growing news website in the world

Bajaj Finance, Tech Mahindra, Nestle India, HCL Technologies, Maruti Suzuki, and others are set to unveil their quarterly performances. Additionally, India's purchasing managers indices (PMI) figures will be unveiled on the macroeconomic front.

ADF Foods Ltd.(up 14.30%), Nakoda Group Of Industries Ltd.(up 1.77%), Heritage Foods Ltd.(up 1.41%), Honasa Consumer Ltd.(up 1.14%), Hindustan Unilever Ltd.(up 0.76%), Emami Ltd.(up 0.62%), Dodla Dairy Ltd.(up 0.54%), Godrej Consumer Products Ltd.(up 0.53%), Hatsun Agro Products Ltd.(up 0.39%) and Tata Consumer Products Ltd.(up 0.32%) stood among the top gainers.

Shares of Ibotta, a Walmart-backed digital company that offers customers cash-back rewards and rebates on grocery brands ranging from Nestle to Coca-Cola, rose 17% in their Wall Street debut

Benchmark NSE Nifty closed 151.16 points up at 22147.0 amid buying in frontline bluechip counters.

Ministry of Consumer Affairs has written to the Food Safety and Standards Authority of India (FSSAI) asking it to take action against Nestle India after Swiss investigative organisation Public Eye and the International Baby Food Action Network said in a report that the packaged foods maker adds 2.2 gm sugar per serving to its baby foods brand Cerelac in India.

Days after the Centre asked e-commerce companies to eject Bournvita and other drinks and beverages from the ‘health drinks’ category on their platforms, Nestle has landed in hot water. After Public Eye, a Swiss investigative organization, and International Baby Food Action Network sent samples of Nestle’s baby food products sold in Asia, Africa and Latin America to a Belgian laboratory for tests, sugar was reportedly found in the infant milk-mix meant for less developed markets, but not in the stuff aimed at Europe and the UK.

Nestle India after Swiss investigative organisation Public Eye and the International Baby Food Action Network said in a report that the packaged foods maker adds 2.2 gm sugar per serving to its baby foods brand Cerelac in India. Existing World Health Organisation guidelines ban added sugars in baby food products. “The Fssai has taken cognisance of the matter and has sought an explanation from Nestle India,” said a senior official from the national foods sector regulator. The authority held a meeting of its officials on Thursday to evaluate the matter.

Future Consumer Ltd.(up 5.56%), Heritage Foods Ltd.(up 3.08%), Dangee Dums Ltd.(up 1.83%), Procter & Gamble Hygiene & Healthcare Ltd.(up 1.68%), Tasty Bite Eatables Ltd.(up 1.50%), Honasa Consumer Ltd.(up 0.74%), Gillette India Ltd.(up 0.71%), ADF Foods Ltd.(up 0.59%), LT Foods Ltd.(up 0.52%) and Jyothy Labs Ltd.(up 0.26%) stood among the top gainers.

Sandip Sabharwal, asksandipsabharwal.com, says that “given the pace at which the entire artificial intelligence segment is changing, many companies are unsure of whether they should invest now or wait. That will weigh on the performance at least for CY2024. So, it might be premature to buy. However, these are cash generating companies which also do buybacks periodically. If the largecap ones correct 10-15% from the current levels, I would be interested in buying them at those prices.” In the telecom sector, everything is running right from a Vodafone to an Airtel to an Indus Towers and Bharti Hexacom. What is your top bet, if any, within the telecom sector? What is the recommendation on Vodafone FPO for retail investors? Sandip Sabharwal: Bharti Airtel remains the best bet as a pure play telecom company and that is something which we have owned for several years now. Now, the story out here obviously remains that of consolidation and improved ARPUs. So, ARPUs in India still are very low relative to what they are globally and to that extent there is an expectation that as Jio becomes more focused on profitability, we will see more pricing discipline and by definition higher profits for all of these companies.

FSSAI) on Thursday took cognisance of Nestle's Cerelac sugar case, reported ET NOW citing sources. The regulator said that if found guilty, strict actions will be taken against the brand. A committee will be examining the matter, said FSSAI, as per ET NOW sources. Nestle sugar controversy Nestle adds sugar to infant milk sold in less affluent nations including India but not in its primary markets like Europe or the UK, reported ToI. The revelation came to light when «Public Eye,» a Swiss investigative organization, and IBFAN (International Baby Food Action Network) dispatched samples of the company's baby food items marketed in Asia, Africa, and Latin America to a Belgian laboratory for examination.