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Nestle India board to consider stock split
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₹10 each, fully paid up, as may be determined by the Board of Directors," it said. On Tuesday Nestle India’s scrip was trading 0.64% down at ₹22,349.95 on BSE.
For calendar year 2022 the company reported total sales of ₹16,790 crore and a net profit of ₹2,390 crore. In 2022 the company had declared a total dividend of ₹220 per equity share.
Nestle sells noodles, coffee, chocolates, packaged milk and baby formula, among other things. Last week analysts at brokerage UBS downgraded their rating on Nestle India to ‘neutral’ from ‘buy’ as they saw limited upside.
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