NESTLE INDIA LTD.
NSE : NESTLEINDBSE : 500790ISIN
CODE : INE239A01024Industry : Consumer FoodHouse
: Nestle India - MNC
BSE2455.60-55.7 (-2.22 % )
PREV CLOSE (Rs.) 2511.30
OPEN PRICE (Rs.) 2517.70
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 42649
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE2456.10 -56.2 (-2.24 % )
PREV CLOSE(Rs.) 2512.30
OPEN PRICE (Rs.) 2515.10
BID PRICE (QTY) 2456.10 (416 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 1128730
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 25-Apr-2024 | Nestle India gets nod to launch Nespresso in India | <p style="text-align: justify;">Nestle India has received approval to launch Nespresso in India wherein the Company will engage in the sale and distribution of Nespresso products (machines and capsules) through its distribution network, online channels, and boutiques under commercial arrangements with Nespresso and third parties. The company expects to launch Nespresso in India by the end of 2024. The Board of Directors of the Company, at its meeting held on April 25, 2024, has approved the same.</p><p style="text-align: justify;">Nestle India is a subsidiary of Nestle S.A. of Switzerland, a vibrant company that provides consumers in India with products of global standards.</p><div style="text-align: justify;"><br></div> |
| 25-Apr-2024 | Nestle India reports 27% rise in Q1 net profit | <p style="text-align: justify;">Nestle India has reported results for first quarter (Q1) ended March 31, 2024.</p><p style="text-align: justify;">The company has reported 26.81% rise in its net profit at Rs 934.17 crore for the quarter under review as compared to net profit of Rs 736.64 crore for the same quarter in the previous year. Total income of the company increased by 8.84% at Rs 5294.34 crore for March quarter as compared to Rs 4864.22 crore for the corresponding quarter previous year. </p><p style="text-align: justify;">Nestle India is a subsidiary of Nestle S.A. of Switzerland, a vibrant company that provides consumers in India with products of global standards.</p> |
| 25-Apr-2024 | Nestle India to form Joint Venture with Dr. Reddy's | <p style="text-align: justify;">Nestle India has received approval for execution of a definitive agreement with Dr. Reddy's Laboratories (Dr. Reddy's) to form a joint venture and to bring together the well-known global range of nutritional health solutions as well as vitamins, minerals and health supplements of Nestle Health Science with the nutraceuticals portfolios, strong and established commercial strengths of Dr. Reddy's in India and other geographies as may be agreed by the Parties. The joint venture is expected to become operational in the second quarter of the financial year 2024-25, subject to customary closing conditions. The Board of Directors of the Company, at its meeting held on April 25, 2024, has approved the same.</p><p style="text-align: justify;">The joint venture company would be formed with Dr Reddy's holding 51% and Nestle India's holding 49%. The company has a call option to increase shareholding upto 60% after six years at a Fair Market Value. Dr Reddy's shall continue to hold at least 40% of the shareholding after the Company exercises its call option. </p><p style="text-align: justify;">Nestle India is a subsidiary of Nestle S.A. of Switzerland, a vibrant company that provides consumers in India with products of global standards.</p><div style="text-align: justify;"><br></div> |
| 25-Apr-2024 | Nestle India jumps on reporting 27% rise in Q1 net profit | <p style="text-align: justify;">Nestle India is currently trading at Rs. 2564.00, up by 61.10 points or 2.44% from its previous closing of Rs. 2502.90 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 2504.05 and has touched a high and low of Rs. 2576.20 and Rs. 2471.95 respectively. So far 129088 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2770.75 on 02-Jan-2024 and a 52 week low of Rs. 2,048.56 on 26-Apr-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 2576.20 and Rs. 2375.75 respectively. The current market cap of the company is Rs. 246342.15 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 62.76%, while Institutions and Non-Institutions held 21.10% and 16.13% respectively.</p><p style="text-align: justify;">Nestle India has reported 26.81% rise in its net profit at Rs 934.17 crore for the first quarter (Q1) ended March 31, 2024 as compared to net profit of Rs 736.64 crore for the same quarter in the previous year. Total income of the company increased by 8.84% at Rs 5294.34 crore for March quarter as compared to Rs 4864.22 crore for the corresponding quarter previous year. </p><p style="text-align: justify;">Nestle India is a subsidiary of Nestle S.A. of Switzerland, a vibrant company that provides consumers in India with products of global standards.</p><div style="text-align: justify;"><br></div> |
| 18-Apr-2024 | Clarification sought from Nestle India Ltd | The Exchange has sought clarification from Nestle India Ltd on April 18, 2024, with reference to news appeared in www.livemint.com dated April 18, 2024 quoting "Nestle baby food concerns: Shares drop 5% as Centre vows investigation into sugar addition in infant food" The reply is awaited. |
| 08-Apr-2024 | Nestle India gets board's nod for hiking royalty payment to parent company | <p style="text-align: justify;">Nestle India has received approval from board of directors for increasing general licence fees (royalty) by company to its parent firm -- Societe des Produits Nestle SA ((Licensor), by 0.15% annually for the next five years, thereby enhancing it to 5.25% of net sales, with effect from July 1, 2024. The current license fees is 4.5% per annum. The increase will be as per the terms and conditions of the existing general licence agreements. </p><p style="text-align: justify;">Nestle India is a subsidiary of Nestle S.A. of Switzerland, a vibrant company that provides consumers in India with products of global standards.</p> |
| 05-Apr-2024 | Appointment of Director | Inter alia, The Board of Directors, on the recommendation of Nomination and Remuneration Committee, approved the appointment of Ms Suneeta Reddy (DIN: 00001873), as an Additional Director and Independent Non-Executive Director of the Company with effect from 5th April 2024 for a term of five (5) consecutive years i.e. upto 4th April 2029, and recommended the same to the Members of the Company for their approval by means of Postal Ballot. |
| 07-Feb-2024 | Nestle India reports marginal rise in Q4 net profit | <p style="text-align: justify;">Nestle India has reported results for fourth quarter (Q4) ended December 31, 2023.</p><p style="text-align: justify;">The company has reported 4.39% rise in its net profit at Rs 655.61 crore for the quarter under review as compared to net profit of Rs 628.06 crore for the same quarter in the previous year. Total income of the company increased by 8.03% at Rs 4630.72 crore for December quarter as compared to Rs 4286.34 crore for the corresponding quarter previous year. </p><p style="text-align: justify;">Nestle India is a subsidiary of Nestle S.A. of Switzerland, a vibrant company that provides consumers in India with products of global standards.</p> |
| 07-Feb-2024 | Nestle India climbs on reporting rise in Q4 net profit | <p style="text-align: justify;">Nestle India is currently trading at Rs. 2497.00, up by 39.15 points or 1.59% from its previous closing of Rs. 2457.85 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 2470.70 and has touched a high and low of Rs. 2510.25 and Rs. 2448.00 respectively. So far 122537 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2770.75 on 02-Jan-2024 and a 52 week low of Rs. 1788.80 on 15-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 2524.85 and Rs. 2445.80 respectively. The current market cap of the company is Rs. 240557.21 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 62.76%, while Institutions and Non-Institutions held 21.25% and 15.99% respectively.</p><p style="text-align: justify;">Nestle India has reported results for fourth quarter (Q4) ended December 31, 2023.</p><p style="text-align: justify;">The company has reported 4.39% rise in its net profit at Rs 655.61 crore for the quarter under review as compared to net profit of Rs 628.06 crore for the same quarter in the previous year. Total income of the company increased by 8.03% at Rs 4630.72 crore for December quarter as compared to Rs 4286.34 crore for the corresponding quarter previous year. </p><p style="text-align: justify;">Nestle India is a subsidiary of Nestle S.A. of Switzerland, a vibrant company that provides consumers in India with products of global standards.</p><div style="text-align: justify;"><br></div> |
| 27-Jan-2024 | Nestlé India informs about loss of share certificates | <div style="text-align: justify;">In terms of Regulation 39(3) of the Listing Regulations, Nestlé India has informed that it enclosed the intimation received from the Registrar and Share Transfer Agent - Alankit Assignments regarding information of loss of share certificate(s) for 1 folio on 25th January 2024. As required under SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2023/70 dated 17th May 2023, the Company shall issue ‘Letter of Confirmation/ Entitlement Letter' to the shareholder(s)/ claimant(s) after compliance of required formalities and due diligence. In line with corporate action of split/sub-division of shares of the Company, new share certificates are being issued and the details under this intimation correspond to the old share certificates, which stand cancelled.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;"><br></div><div style="text-align: justify;"><br></div><div><br></div> |
