Nestle board to meet on June 26 to consider bonus share issue
Nestle India will consider a bonus share issue on June 26. Q4 net profit dipped 5.2% YoY to ₹885 crore, while revenue rose 4.5%, slightly beating expectations.
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
FMCG major Nestle India will hold a board meeting on June 26, 2025, to consider and approve a proposal for issue of bonus shares. The trading window for dealing in the securities of the company will remain closed from June 19, 2025 to June 28, 2025.The company informed about the development after market hours and shares of Nestle India today ended at Rs 2,313.30 on the NSE, down by Rs 27.50 or 1.17% over the Wednesday closing price.The Maggi-maker reported a 5.2% year-on-year (YoY) decline in standalone net profit to Rs 885 crore for the March quarter, while revenue from operations rose 4.5% YoY to Rs 5,504 crore. Both figures came in slightly above Street estimates.The total sales and domestic sales for the quarter increased by 3.7% and 4.2%, respectively, with the company saying that the domestic sales growth was broad-based.In its outlook, Nestlé India had said that the commodity prices remain firm for coffee, while cocoa prices, though corrected, continue to stay elevated. "Prices remain stable for edible oils. Milk prices have firmed up cyclically with the onset of summer."In FY25, powdered and liquid beverages were the largest growth contributors, posting high double-digit growth. The confectionery segment grew at a high single-digit pace in both value and volume, driven by KITKAT, for which India is the second-largest market globally.Nestle India shares have underperformed the markets witnessing an 8% slide in the past one year. In 2025, its gains have been to the tune of 7%. In contrast Nifty has yielded over 5% returns in the past 12 months while its year-to-date returns stand at 4.4%.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
34 minutes ago
- Time of India
Police register 81 cases in Al-Muqtadir gold scam
Thiruvananthapuram: After Fort police, Cantonment and Thampanoor police also registered cases based on the complaints of those who allegedly lost money in the gold frauds involving Al- Muqtadir Gold and Diamond Group. The three cases related to the jewellery's Aristo Junction branch were registered at Thampanoor station and those related to the Pazhavangadi branch were registered at Fort police station (55 cases). The 23 cases at Cantonment police station were registered based on complaints related to the firm's Pulimoodu branch. Police said the number of cases will increase in the coming days as there are hundreds of complaints for which FIRs are yet to be registered. The owner of the group Muhammed Mansoor Abdulsalam, managers Noufal and Sabeer, salesmen Jesim, Unais, Rameez, Shemeer and others, along with agents Ashraf, Sabaad and others are the accused in the case. Meanwhile, Fort police also added global manager of the group Gulzar Ahmad Sett as an accused in the case. The accused allegedly cheated crores of rupees from several people by offering gold ornaments at a discounted rate without adding any making charge. People were also cheated by promising attractive profits upon investing in various gold schemes, the complainants alleged. Following this, Al- Muqtadir investors group representatives filed complaints against the firm with the chief minister's office and also with the state police chief. "It is believed that a fraud worth Rs 1,000 crores occurred through its 40 branches from Thiruvananthapuram to Palakkad. Over 2,000 people fell into the trap as the company hired several agents offering 10% commission to canvas people to invest in the schemes across the state," said one of the victims.
Time of India
34 minutes ago
- Time of India
Mango trader dies of heart attack amid price crash in Kolar
Bengaluru: Mohammed Shafiulla (55), a prominent mango trader and owner of Taj Mango Mandi in Srinivasapur, Kolar district, died of a heart attack at a farm in Thotli village on Monday. Shafiulla had invested over Rs 30 lakh in advance payments to farmers in villages like Thotli and Rojenahalli and on inputs such as pesticides and labour. He had been personally overseeing mango harvesting when he collapsed after transporting a few tractor loads. His nephew, Anees Ahmed, Secretary of the Mango Traders Association, said Shafiulla was deeply distressed over the steep fall in mango prices and had recently shared concerns that he might not recover even his input costs. Anees urged the State Government to announce a support price for mangoes and provide compensation to Shafiulla's family, stating the tragedy could have been avoided with timely intervention. Chinnappa Reddy, President of the Kolar District Mango Growers Welfare Association, echoed these concerns. He emphasized that both traders and farmers are suffering due to falling prices and urged the government to act immediately to stabilize the market and support those dependent on the mango trade.
Time of India
34 minutes ago
- Time of India
Material supplier arrested in second NREGA scam case
Vadodara: The proprietor of a firm which purportedly supplied material for scam-affected NREGA works at Lavariya village in Devgadhbaria taluka of Dahod was arrested on Thursday, as soon as he was released on bail in the first case, which pertained to irregularities worth Rs 71 crore. Parth Baria, the proprietor of NJ Enterprise, was first arrested for the Rs 71 crore case, in which the sons of Gujarat minister for agriculture and panchayats, Bachu Khabad, were also accused. He was in judicial custody and applied for bail in a magisterial court. Baria was granted bail in the Rs 71 crore case on Thursday but was arrested soon after he came out of jail, for the case relating to irregularities worth Rs 18.4 lakh at Lavariya. Earlier, Khabad's younger son, Kiran, was also arrested in the Lavariya case as soon as he stepped out of prison. Kiran is currently in judicial custody along with his elder brother, Balwant. The older sibling was also granted bail in the Rs 71 crore offence but was subsequently accused in a case relating to NREGA works at Bhanpur village in Dhanpur taluka a couple of days after his release and was re-arrested.
