Nestle Financial News

FSSAI, and the Indian food regulator has now become more pro-active and industry-centred with fast responses in the last decade, said Nestle India Chairman and Managing Director Suresh Narayanan. Moreover, with the setting of more NABL-accredited laboratories by different leaders of FSSAI, the credibility of the testing process has also increased, said Narayanan, who led Nestle India after the Maggi crisis, which unfolded almost a decade back. In June 2015, FSSAI banned Maggi noodles for allegedly containing lead beyond permissible limits, forcing the company to withdraw the product from the market. Industry observers opine that only after the Maggi crisis did the FSSAI come into the limelight across the country though it was established almost seven years ago, in September 2008, to lay down science-based standards for food articles and rules and regulations.

Godrej Consumer Products Ltd.(up 3.09%), Bikaji Foods International Ltd.(up 2.66%), Mrs. Bectors Food Specialities Ltd.(up 1.86%), Britannia Industries Ltd.(up 1.18%), Marico Ltd.(up 1.15%), Nestle India Ltd.(up 1.03%), Emami Ltd.(up 0.99%), Dodla Dairy Ltd.(up 0.77%), LT Foods Ltd.(up 0.73%) and Dabur India Ltd.(up 0.60%) were among the top gainers.

Simbhaoli Sugars Ltd.(up 4.99%), Ponni Sugars(Erode)Ltd.(up 1.06%), Kothari Sugars & Chemicals Ltd.(up 1.00%), DCM Shriram Industries Ltd.(up 0.33%), EID Parry(India)Ltd.(up 0.32%), KCP Sugar & Industries Corporation Ltd.(up 0.32%) and Dhampur Sugar Mills Ltd.(up 0.20%) stood among the top gainers.

The NSE Nifty index ended the session 36.1 points down at 24399.4, while BSE Sensex fell 16.82 points to 80065.16.

JHS Svendgaard Laboratories Ltd.(up 3.63%), Euro India Fresh Foods Ltd.(up 3.03%), Jyothy Labs Ltd.(up 2.91%), Gillette India Ltd.(up 1.63%), Prataap Snacks Ltd.(up 1.52%), Dangee Dums Ltd.(up 1.38%), Honasa Consumer Ltd.(up 1.09%), LT Foods Ltd.(up 0.87%), Adani Wilmar Ltd.(up 0.81%) and Patanjali Foods Ltd.(up 0.70%) were among the top gainers.

Urban India is under some strain as demand continues to be muted amid surging food inflation, packaged foods maker Nestle India’s chairman Suresh Narayanan said at a media briefing on Tuesday at the company’s infant foods plant in Samalkha. He said there are “some pressure points from mega cities and metros" though tier one and below towns and rural markets seem to be reasonably stable. “The FMCG sector is facing sluggish demand with growth declining to 1.5-2 per cent compared to double digit growth a few quarters ago,” Narayanan said. The maker of Maggi noodles, KitKat chocolates and Nescafe coffee, reported a marginal 0.94% year-on-year decline in net profit for the July-September ’24 quarter, down to Rs 899.49 crore, hurt by softer demand and high commodity prices. The India unit of the Swiss foods company had reported net profit of Rs 908.08 crore in the year-ago quarter.

Sensex and Nifty50 opened lower for the fourth consecutive session on Friday, weighed down by auto, banking and IT stocks, amid foreign fund outflows and disappointing results from marquee companies. The BSE Sensex was trading 580 points, or 0.72%, lower at 80,427. The Nifty50 was down 172 points, or 0.7%, trading at 24,577 around 9:30 am.

revenue growth in the past eight years. Against an expectation of around 5% revenue growth, Nestle India posted revenue growth of 1.3% on back of some of its key brands witnessing pressure due to softer consumer demand. The profitability also suffered on account of inflationary prices of coffee and cocoa. The operating profit margin corrected by 100 bps to 23.4%. Raw material cost stood at 43.6% of revenues-same as the year ago elevated level of 43.7%. It has increased its investment in advertising and marketing during the quarter. Other expenses (as a proportion of revenues) increased to 23.6% against corresponding year-ago level of 21.6%. Despite this, muted consumer demand ensured that only five of the company's top 12 brands grew at double-digits.

NSE Nifty hit a two-month low during the session. The 30-share BSE Sensex fell by 495 points, or 0.61%, to close at 81,006, while the broader NSE Nifty slipped 221 points, or 0.89%, ending at 24,749.8.

Nestle India tumbled 4% to the day’s low of 2,364.80 on BSE in Thursday’s trade after the company reported a marginal decline in its Q2 net profit to Rs 899 crore, slightly down from Rs 908 crore reported in the same period last year. This indicates a 1% year-on-year (YoY) decline in the PAT.

The BSE Sensex was up 41 points, or 0.05%, trading at 81,543, while the Nifty50 was down 14 points, or 0.06%, at 24,957 around 9:20 am.

earnings season is underway and as many as 38 companies will announce their numbers for the July-September 2024 period today. Among them are 4 Nifty companies including Infosys, Wipro, Nestle and Axis Bank that will declare their results. Apart from the above, Havells, Polycab, LTIMindtree, Harshil Agrotech, IGC Industries, Indian Overseas Bank, Jindal Stainless, Dhanlaxmi Bank among others will report their quarterly results.

Benchmark NSE Nifty index fell 20.1 points to 25037.25 amid selling in frontline bluechip stocks.

Subscribe to enjoy similar stories. Investors are shifting gears and giving stocks of traditional fast-moving consumer goods (FMCG) companies a miss. Instead, they seem to have taken a liking to retailers and new-age quick commerce platforms, which are redefining how consumers buy products and have become the new proxies for growth.

Subscribe to enjoy similar stories. Located just 90km from Mumbai, Govardhan Eco Village is nestled in over 100 acres of the lush Sahyadari hills. The eco-village is home to around 250 residents and houses organic farms, a yoga school, an Ayurveda centre and an animal shelter.

Nestle India’s chairman and managing director Suresh Narayanan is retiring from the company effective July 31, 2025,, Nestle said in a stock exchange filing on Monday. Narayanan will be succeeded by Manish Tiwary, country leader at e-commerce platform Amazon, as managing director of Nestle effect 1st August, 2025. Narayanan has been associated with Nestle for over 26 years. Tiwary, with nearly three decades within the e-commerce and consumer goods sectors, has been with Amazon India since 2016, after 20 years at Unilever.

Subscribe to enjoy similar stories. How can we put seasons on a plate?" It is this question that continues to fire the menu at Naar, a 16-seater restaurant nestled in the lap of the Himalaya. Located in the hamlet of Darwa in Kasauli, Himachal Pradesh, the restaurant, helmed by chef Prateek Sadhu, is all set to complete a year in November, and has already become a dining destination.

ceiling fan are blissful. Its susurrations — a mixture of rustling of leaves and gurgling of a stream — is a subtle, profound source of pleasure that you value the most when you can't hear it. Imagine a hot summer afternoon, and you, nestled in your favourite chair. The ceiling fan above spins lazily — crazily — its rhythmic hum drowning out the world's cacophony. But it makes more than just white noise. It's also a noise-canceller that protects you from the loudness outside seeping in. The rustling of its fins is the perfect recipe for lazy weekends, and the comforting presence of home. Each blurred rotation is a reminder of the constancy and reliability in a world that often feels chaos incarnate.

JHS Svendgaard Laboratories Ltd.(up 4.99%), Nakoda Group Of Industries Ltd.(up 3.29%), Nestle India Ltd.(up 0.70%), Honasa Consumer Ltd.(up 0.60%), Adani Wilmar Ltd.(up 0.57%), Tata Consumer Products Ltd.(up 0.54%), Parag Milk Foods Ltd.(up 0.49%), LT Foods Ltd.(up 0.48%), Mrs. Bectors Food Specialities Ltd.(up 0.40%) and Sheetal Cool Products Ltd.(up 0.29%) were among the top gainers.

Nifty, with a potential target of 26,250 and immediate support at 25,600. However, caution is advised due to indicators like the FPIs’ long-short ratio reaching 75%, and the monthly RSI crossing 80, according to analysts. Stocks such as HDFC Bank, Kotak Bank, M&M, Maruti, Eicher Motors, L&T, Nestle India, United Spirits, Sobha, Lodha, JSW Steel, Blue Star, and Havells have formed bullish trends on charts. NAGARAJ SHETTI, TECHNICAL ANALYST, HDFC SECURITIES

Nifty can continue its upward momentum towards 26,000, the next major call concentration area. At this point, one should trail a stop loss towards 25,550 to hold long positions. 26,000 is the immediate target, which could be achieved in the next couple of trading sessions,” says Rajesh Palviya, SVP Research (Head Technical & Derivatives) Axis Securities. Edited excerpts: