Page 3 - Nestle India

Nestle shifts focus, bets big on rural as urban growth dwindles

Company aims to reach 120,000 villages in three years, says FMCG market to double with in the decade

Tata Consumer to replace Gail India in Nifty 50 effective March 31

Move is expected to result in passive inflows of $89 million (Rs 650 cr) in Tata Consumer. Gail could see outflows of $57 million (Rs 410 cr)

HUL, Colgate among Nomura's top picks in case of GST slab rejig

The rate rejig, analysts say, will alter the tax burden on companies, which they expect to get passed on to the consumers

Nestle FY growth outshines peers thanks to pet food, health products

Full-year organic sales, which strip out currency swings, acquisitions and divestitures, grew 3.6% in 2020, ahead of Nestle's own guidance for "around 3%" and peer Unilever's 1.9% underlying sales

Nestle India's investors may have to take a break on muted Q4 show

While valuations are rich, analysts have trimmed earnings estimates by 2-4% for CY20-CY23

Bears tighten grip; Sensex slips 400 pts, Nifty holds 15,200; PSBs rally

In the intra-day session, the Sensex and the Nifty indices touched a low of 51,586 and 15,171, respectively.

Nestle India shares decline 5% as December quarter results disappoint

Brokerage HDFC Securities in a results update said moderation in in-home consumption categories will impact key brands but revival in OOH will support growth

Stocks to watch: Nestle India, Adani Ports, L&T Finance, Heritage Foods

L&T Finance said it has closed its rights issue and raised over Rs 2,998 crore

Nestle India Dec quarter profit flat, sales up 9% on strong domestic show

While its domestic business, which makes up over 90% of its topline, grew 10.1%, exports declined 7.7% during the quarter

Nestle India fourth quarter profit rises marginally to Rs 483 cr

The firm was helped by strong domestic sales growth that was broad-based and largely driven by volume and mix; declares final dividend of Rs 65 per share

Nestle Q4 preview: PAT likely to grow 16-19% YoY; may announce dividend

The Maggi noodles maker is expected to post double-digit revenue growth in its profit after tax (PAT) for the fourth quarter of the financial year 2020

Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

The stock of Nestle India has witnessed a gradual correction and has consolidated near the 200-DMA level of 16,950, maintaining a decent support.

From Britannia to Nestle, consumer companies turn laggards on Street

BSE FMCG index has gained just 2.4% since the Union Budget, compared to the 11.4% rally in the benchmark during the period

Nestle's outlook crunchy as ever, room for firm to go deeper into rural mkt

Focus on innovation, market share and product premiumisation seen boosting growth

Mrs Bectors subscribed 198 times, highest ever for a Rs 200-cr plus IPO

Generated bids worth over Rs 40,000 cr. Previously, only three tiny issues have garnered more than 200x subscription

Burger King, Nestle, Dabur: Analysts bet on FMCG stocks as economy recovers

The success of Burger King at the bourses has off-late reinforced belief in the sector, especially quick service restaurants (QSRs), provided the stocks are attractively valued

Nestle to recycle 100% packaging by 2025 to reduce carbon footprint

Globally, firm aims to become net zero by 2050 via reduced use of water at farms, sustainable packaging and use of green energy at all its 800 plants and warehouses

Top headlines: India may get 1st vaccine by Feb, FMCGs expand rural reach

India is likely to issue an emergency use authorisation to at least one Covid vaccine by the end of January and health workers will be the first to be inoculated. More headlines in our evening roundup

Nestle India gains 3% in subdued market; trades at four-month high level

The country's largest food company, Nestle India, is planning to avail the Union government's production-linked incentive scheme to boost exports.

Nestle India is planning to avail govt's PLI scheme to boost exports: CMD

Currently, about 5 per cent of Nestle India's sales comes from exports to its affiliate companies in regions where demand from the diaspora is high