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The Irish Sun
24-04-2025
- Business
- The Irish Sun
Chocolate and coffee giant Nestle confirms huge price hikes of supermarket favourites
KITKAT and Nespresso maker Nestle has revealed it's hiked the cost of its coffee and chocolate for customers. The Swiss company said it's raised its prices by 2.1% overall - but for some items the hikes are in the double digits. 1 The chocolate and coffee maker says it has seen costs increase so has passed on these hikes to customers It blamed surging costs of coffee beans and chocolate. "Despite the significant level of the increases in many markets, the actions were implemented with limited customer disruption," Nestle said. Nestle produces a range of products, including chocolates, sweets, cereals, drinks, ice cream and pet foods. Among its popular brands are Aero, Milkybar, Smarties, Nesquik, Milo, Haagen Dazs, San Pellegrino, and Felix cat food. The company said it had better-than-expected sales growth of 2.8% in the first three months of the year. The higher prices accounted for much of the rise. Nestle said it had seen demand drop significantly following the price increases but it is now bouncing back. It also warned there could be further impacts on customers due to higher global tariffs. Most read in Money US President Donald Trump recently launched a global trade war when he announced major tariffs on dozens of countries. The move has raised fears of a global recession, sent stock markets tumbling and caused economic uncertainty for businesses trading internationally. Nestle brings back Caramac bars for a limited time Mr Trump has called on American companies to produce their products in the US to avoid costly tariffs. But for chocolate makers this is near impossible as the key ingredient, cocoa, can only be grown in tropical climates. On top of this, the price of cocoa has soared in recent years. Farmers in West Africa, where 70% of the world's cocoa is harvested, have been struggling with climate-related issues that have decimated their cocoa production. It's estimated 400,000 tons less of cocoa has been produced over the last few years, hiking the price significantly. Over the last few decades, cocoa had cost around $2,000 a ton. Last year it peaked at more than $12,000. Nestle is not the only chocolate maker to have been forced to hike its prices as a result. America's biggest chocolate producer, Hershey, last year raised the prices of its products. It then saw falling customer demand and had its worst profit in seven years in 2024. Swiss brand Lindt also said last month it would need to increase its prices by double digit percentages to offset the high cocoa prices. Read more on the Irish Sun It had already hiked its prices by 6.3% in 2024. Chief financial officer Martin Hug said at the time: "Chocolate in the future will be more expensive than it has been two or three years ago. That's not just Lindt chocolate, that's chocolate in general." How to save money on chocolate We all love a bit of chocolate from now and then, but you don't have to break the bank buying your favourite bar. Consumer reporter Sam Walker reveals how to cut costs... Go own brand - if you're not too fussed about flavour and just want to supplant your chocolate cravings, you'll save by going for the supermarket's own brand bars. Shop around - if you've spotted your favourite variety at the supermarket, make sure you check if it's cheaper elsewhere. Websites like let you compare prices on products across all the major chains to see if you're getting the best deal. Look out for yellow stickers - supermarket staff put yellow, and sometimes orange and red, stickers on to products to show they've been reduced. They usually do this if the product is coming to the end of its best-before date or the packaging is slightly damaged. Buy bigger bars - most of the time, but not always, chocolate is cheaper per 100g the larger the bar. So if you've got the appetite, and you were going to buy a hefty amount of chocolate anyway, you might as well go bigger.
Scottish Sun
24-04-2025
- Business
- Scottish Sun
Chocolate and coffee giant Nestle confirms huge price hikes of supermarket favourites
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) KITKAT and Nespresso maker Nestle has revealed it's hiked the cost of its coffee and chocolate for customers. The Swiss company said it's raised its prices by 2.1% overall - but for some items the hikes are in the double digits. Sign up for Scottish Sun newsletter Sign up 1 The chocolate and coffee maker says it has seen costs increase so has passed on these hikes to customers It blamed surging costs of coffee beans and chocolate. "Despite the significant level of the increases in many markets, the actions were implemented with limited customer disruption," Nestle said. The company said it had better-than-expected sales growth of 2.8% in the first three months of the year. The higher prices accounted for much of the rise. Nestle said it had seen demand drop significantly following the price increases but it is now bouncing back. It also warned there could be further impacts on customers due to higher global tariffs. US President Donald Trump recently launched a global trade war when he announced major tariffs on dozens of countries. The move has raised fears of a global recession, sent stock markets tumbling and caused economic uncertainty for businesses trading internationally.
Business Standard
24-04-2025
- Business
- Business Standard
Nestle India Q4 PAT rises 5% YoY to Rs 885 crore; declares dividend of Rs 10/sh
Nestle India's standalone net profit declined 5.21% to Rs 885.41 crore in Q4 FY25, compared with Rs 934.17 crore posted in Q4 FY24. However, revenue from operations jumped 4.48% to Rs 5,503.9 crore in Q4 FY25 as against Rs 5,267.6 crore posted in Q4 FY24. Total sales stood at Rs 5,447.6 crore in the March 2025 quarter, up 3.67% from Rs 5,254.4 crore recorded in the same period a year ago. During Q4 FY25, domestic sales grew by 4.24% YoY to Rs 5,235 crore, while export sales tumbled 8.65% YoY to Rs 212.66 crore. Domestic sales crossed Rs 5,235 crore, the highest ever, surpassing that of the January March 2024 quarter. Profit before tax declined 3.67% YoY to Rs 1,204.6 crore in the quarter ended 31 March 2025. The firm stated that its e-commerce growth was driven by improved availability, enhanced e-commerce packs, and targeted media interventions for consumers. Organized trade delivered strong, broad-based growth across categories, driven by store expansion and supported by impactful in-store activations. Out-of-home (OOH) continued to accelerate, led by increased penetration in focus channels, portfolio premiumization, and innovative product and machine developments across the foods and beverages portfolio. The company said that commodity prices continue to be firm for coffee. Cocoa prices have corrected but continue to be high. Prices continue to remain stable for edible oils. Milk prices have cyclically firmed up with the onset of summers. Suresh Narayanan, Chairman & Managing Director, NestlIndia, said, I am pleased to report that this quarter we witnessed double-digit growth in Beverages and Confectionery, with 3 out of 4 product groups delivering healthy growth. Our domestic sales crossed the Rs 5,235 crore mark, the highest ever in any quarter, supported by improving volume growth. He highlighted that Powdered and Liquid Beverages was the largest growth contributor, with NESCAFstrengthening its leadership position, adding over 5.1 million households, and launching NESCAFReady-to-Drink cold coffee in India, driven by Gen Z and Millennial demand. Confectionery grew at a high single-digit pace, with KITKAT remaining a key driver, while India became the second-largest global market for the brand. Prepared dishes and cooking aids saw mid-single-digit growth, with MAGGI returning to volume growth, and India continuing to be the largest market for the brand. The milk products and nutrition segment saw new launches like CERELAC and CEREGROW variants without refined sugar, responding to consumer demand for healthier options. Petcare achieved high double-digit growth, with strong performances from PURINA FELIX, FRISKIES, and PURINA PRO PLAN. The out-of-home (OOH) business showed double-digit growth and entered the cocoa-based spreads category with the launch of KITKAT Professional Spread. He also noted the positive reception to the opening of NESPRESSOs first boutique in New Delhi. Nestls e-commerce growth trajectory continued, propelled by the rise of quick commerce, which contributed 8.5% to domestic sales. To further support growth, Nestle is investing Rs 6,500 crore between 2020 and 2025 to develop new capabilities, including the development of a new factory in Odisha with an initial investment of Rs 900 crore. Meanwhile, the companys board recommended a final dividend of Rs 10 per equity share of the face value of Rs 1 each for the financial year 2024-25. The record date for the said dividend has been fixed as 4 July 2025. Further, the companys nomination and remuneration committee (NRC) recommended the appointment of Manish Tiwary as managing director of the company for a period of 5 years with effect from 1st August 2025. Nestlis the world's largest food and beverage company. It manufactures internationally famous brand names such as Nescaf Maggi, Milkybar, Kit Kat, Bar-One, Milkmaid, and Nestea. Shares of Nestle India shed 0.44% to Rs 2,423.50 on the BSE.
Yahoo
04-04-2025
- Entertainment
- Yahoo
KIT KAT® Brand is Here to Protect Your Break in New Ad Campaign
KIT KAT's® new break protectors, the Break Brothers will hit the big screen April 7th during the NCAA Men's Championship Game HERSHEY, Pa., April 4, 2025 /PRNewswire/ -- Let's face it—breaks are disappearing. We're working longer, multitasking more, and finding fewer moments to actually pause. But KIT KAT® is here to change that in its first-ever standalone character-driven campaign debuting today. Enter the Break Brothers, a group serving as a four part-symbol of the iconic KIT KAT® bar, made in part to illustrate the candy brand's authority over helping fans take a true break. These four towering, suit-clad protectors are on a mission to defend your right to a real, crispy, creamy break. Their job? To handle the chaos so you can enjoy a proper, distraction-free moment—just long enough to snap off a piece of a KIT KAT® bar. No multitasking. No interruptions. Just pure, chocolatey pause. "KIT KAT® has become one of the most recognizable brand identities in the world, from our signature bar snap to our classic jingle. The Break Brothers take that legacy a step further, embodying what the brand stands for: making breaks better, more frequent, and absolutely delicious," said Ryan Riess, vice president of brand strategy and creative development at The Hershey Company. "They're not just characters—they're protectors of the break and proxies to step in when needed, all in the name of ensuring everyone gets the crispy, creamy ahh moments they deserve." Within the ad spot created by Orchard Creative, amidst a busy office atmosphere, the Break Brothers intervene to bring some peace and quiet to a KIT KAT® fan ready to snap off a piece of his KIT KAT® bar rather than debate document formatting. These break protectors make it clear to his coworkers that it's time for Thomas to take a real break from the conversation. The break-time superheroes-led campaign will officially make its TV debut during the commercial break of the NCAA Men's Championship Game April 7. Because whether you're an athlete, a fan, or just someone who needs a minute, everyone deserves a break. If you're eager to see these ultimate protectors in action, following the championship game, various spots will air across tv, social and more. And of course, you can always follow along for everything KIT KAT® brand on Instagram and TikTok, and stay tuned for how the Break Brothers will 'Protect The Break' next. About The Hershey Company The Hershey Company (NYSE: HSY) is an industry-leading snacks company with a purpose to make more moments of goodness through its iconic brands. With more than 20,000 remarkable employees worldwide, Hershey delivers delicious, high-quality products across approximately 70 countries, generating over $11.2 billion in annual revenues. The company's portfolio includes beloved chocolate and confectionery brands such as Hershey's, Reese's, Kisses, Kit Kat®, Jolly Rancher, Ice Breakers, Shaq-a-licious alongside popular salty snacks including SkinnyPop and Dot's Homestyle Pretzels. For more than 130 years, Hershey has been committed to operating responsibly and supporting its people and communities. The candy and snack maker's founder, Milton Hershey, created Milton Hershey School in 1909, and since then, the company has focused on helping children succeed through access to education. To learn more visit Follow: View original content to download multimedia: SOURCE The Hershey Company Sign in to access your portfolio
Associated Press
04-04-2025
- Entertainment
- Associated Press
KIT KAT® Brand is Here to Protect Your Break in New Ad Campaign
KIT KAT's® new break protectors, the Break Brothers will hit the big screen April 7th during the NCAA Men's Championship Game HERSHEY, Pa., April 4, 2025 /PRNewswire/ -- Let's face it—breaks are disappearing. We're working longer, multitasking more, and finding fewer moments to actually pause. But KIT KAT® is here to change that in its first-ever standalone character-driven campaign debuting today. Enter the Break Brothers, a group serving as a four part-symbol of the iconic KIT KAT® bar, made in part to illustrate the candy brand's authority over helping fans take a true break. These four towering, suit-clad protectors are on a mission to defend your right to a real, crispy, creamy break. Their job? To handle the chaos so you can enjoy a proper, distraction-free moment—just long enough to snap off a piece of a KIT KAT® bar. No multitasking. No interruptions. Just pure, chocolatey pause. 'KIT KAT® has become one of the most recognizable brand identities in the world, from our signature bar snap to our classic jingle. The Break Brothers take that legacy a step further, embodying what the brand stands for: making breaks better, more frequent, and absolutely delicious,' said Ryan Riess, vice president of brand strategy and creative development at The Hershey Company. 'They're not just characters—they're protectors of the break and proxies to step in when needed, all in the name of ensuring everyone gets the crispy, creamy ahh moments they deserve.' Within the ad spot created by Orchard Creative, amidst a busy office atmosphere, the Break Brothers intervene to bring some peace and quiet to a KIT KAT® fan ready to snap off a piece of his KIT KAT® bar rather than debate document formatting. These break protectors make it clear to his coworkers that it's time for Thomas to take a real break from the conversation. The break-time superheroes-led campaign will officially make its TV debut during the commercial break of the NCAA Men's Championship Game April 7. Because whether you're an athlete, a fan, or just someone who needs a minute, everyone deserves a break. If you're eager to see these ultimate protectors in action, following the championship game, various spots will air across tv, social and more. And of course, you can always follow along for everything KIT KAT® brand on Instagram and TikTok, and stay tuned for how the Break Brothers will 'Protect The Break' next. About The Hershey Company The Hershey Company (NYSE: HSY) is an industry-leading snacks company with a purpose to make more moments of goodness through its iconic brands. With more than 20,000 remarkable employees worldwide, Hershey delivers delicious, high-quality products across approximately 70 countries, generating over $11.2 billion in annual revenues. The company's portfolio includes beloved chocolate and confectionery brands such as Hershey's, Reese's, Kisses, Kit Kat®, Jolly Rancher, Ice Breakers, Shaq-a-licious alongside popular salty snacks including SkinnyPop and Dot's Homestyle Pretzels. For more than 130 years, Hershey has been committed to operating responsibly and supporting its people and communities. The candy and snack maker's founder, Milton Hershey, created Milton Hershey School in 1909, and since then, the company has focused on helping children succeed through access to education.
