Latest news with #Maggi-maker
Economic Times
12 hours ago
- Business
- Economic Times
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, 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 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 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 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 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%.
Time of India
12 hours ago
- Business
- Time of India
Nestle board to meet on June 26 to consider bonus share issue
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." Live Events 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%. ETMarkets WhatsApp channel )
Time of India
24-04-2025
- Business
- Time of India
Nestle India Q4 net profit dips 6.5% YoY to Rs 873 cr; FY25 profit steady at Rs 3,207 cr
New Delhi: Nestle India, on Thursday, has reported a 6.5% year-on-year (YoY) decline in consolidated net profit for the fourth quarter ended March 31, 2025, at Rs 873 crore, compared to Rs 934 crore in the same quarter last year, according to a regulatory filing. Revenue from operations for the quarter rose 4.5% YoY to Rs 5,504 crore, up from Rs 5,268 crore a year ago, driven by stable domestic sales and a marginal recovery in exports. For the full financial year, consolidated revenue from operations stood at Rs 20,201 crore, a 3.3% increase over Rs 19,563 crore in FY24. Net profit for FY25 remained flat at Rs 3,208 crore, compared to Rs 3,196 crore last year, as per the BSE filing. Total expenses for Q4 rose to Rs 4,308 crore, with higher raw material costs and employee benefits pushing up operational expenditure. EBITDA margin contracted slightly, reflecting cost pressures. The Maggi-maker also booked exceptional gains of Rs 183 crore for the year, aiding its bottom line despite muted growth. Export sales for the year touched Rs 785 crore, maintaining parity with the previous year.
Economic Times
24-04-2025
- Business
- Economic Times
Nestle India Q4 Results: Standalone profit falls 5% YoY to Rs 885 crore, revenue rises 4%
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Maggi-maker Nestle India on Thursday 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 announcing its quarterly numbers, Nestle also handed out a final dividend of Rs 10 for India Chairman and MD Suresh Narayanan said the FMCG major's domestic sales crossed the Rs 5,235 crore mark, the highest ever in any quarter, supported by improving volume growth. "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."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 its outlook, Nestlé India said 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.'Prepared Dishes and Cooking Aids posted mid-single-digit growth, with MAGGI returning to volume growth and MAGGI Masala-Ae-Magic continuing to show strong performance. India remained the largest market globally for MAGGI,' Nestlé India Petcare segment delivered high double-digit growth—the highest ever since its integration into Nestlé India. The Out-of-Home (OOH) business also posted strong double-digit growth and is emerging as one of Nestlé's fastest-growing by the rapid growth of quick commerce, e-commerce contributed 8.5% to Nestlé India's domestic sales in FY25.'We are investing approximately Rs 6,500 crore between 2020 and 2025 to develop new capabilities and expand capacity. This not only reflects the strong demand for our products but also reinforces our commitment to manufacture in India and support the 'Make in India' initiative. Our Odisha factory—Nestlé's 10th citadel of growth—is being set up with an initial investment of approximately Rs 900 crore in the first phase to produce items from our Foods (Prepared Dishes and Cooking Aids) portfolio,' the company the results announcement, Nestlé India shares were trading 2% lower at Rs 2,383 on the BSE.
