Nestle India MD and Chairman Narayanan said mega-metros and metros felt the adverse impact of the pandemic much more due to the lockdown
Shriram Transport Finance, Asian Paints, Nestle India, L&T, Bajaj Finance, Colgate-Palmolive India, Shree Cement, Ipca Laboratories, NTPC and Pidilite Industries were up in the range of 3% to 8%
The board has declared an interim dividend for 2020 of Rs 135 per equity share amounting to Rs 1,302 crore
All that happened in the markets today
After facing resistance at the 100-day moving average (DMA), placed at Rs 925, L&T has now managed to conquer the level decisively.
Some part of the funds will also be used for its plant in Sanand, Gujarat, which is currently under construction
Weathering impact of localised lockdowns, it managed to grow its net sales by 10.2 per cent during the quarter to Rs 3,525 crore
The company, which follows January-December financial year, had posted a profit of Rs 595.27 crore in the July-September quarter a year ago
All that happened in the markets today
On Wednesday, the company reported a 'mid-single-digit growth' in the Indian market in the July-September quarter.
Demand for its instant noodles and coffee continued to surge
Swiss food and drink company Nestle has reported a 'mid-single-digit growth' in the Indian market in the July-September quarter, helped by its popular brands Maggi, Nescafe and KitKat.
Strong resilient portfolio, along with recent ready-to-eat launches and focus on rural distribution, indicate good growth potential
The company reported an 11.14 per cent increase in net profit at Rs 486.60 crore for the quarter ended June 2020, helped by an increase in sales.
While revenue for the quarter rose, it was sluggish at Rs 3,050 crore versus Rs 3,000 crore reported a year ago
Nestle India's domestic sales rose 2.55 per cent to Rs 2,907.74 crore in April-June quarter as against Rs 2,835.37 crore a year ago
A total of 132 companies, including UltraTech Cement, Nestle India, and IDBI Bank, are scheduled to announce their results today
The second of a 5-part series looks at the challenges in food export business
Momentum oscillator MACD has provided a fresh buy crossover on Nestle's daily chart
The overall fall in volatility is hinting at no major move in the short-term