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Business Standard
2 days ago
- Business
- Business Standard
Nestle India's permanent employee count down sharply 3.8% in FY25
The number of permanent employees in Nestle India fell 3.8 per cent in FY25, though the maker of Maggi and KitKat increased its capex and is investing in new capabilities and capacities. The total number of on-roll employees of Nestle India was 8,419 in FY25, as compared to 8,736 a year ago. The increase in the median remuneration of employees in last fiscal year was 4.9 per cent. "The median percentage increase made in the salaries of employees other than the managerial personnel was 5.2 per cent while the increase in the remuneration of managerial personnel was 3.5 per cent," said Nestle India. Nestle India, which reported over Rs 20,000 crore sales in FY25, increased capex level from 1.8 per cent of sales in 2015 to 10 per cent of sales in FY25, said its outgoing Chairman Suresh Narayanan, while addressing the shareholders. The maker of Maggi, Nescafe and KitKat has already announced a succession plan, appointing Manish Tiwary as a Director and Managing Director for a five-year term effective August 1, 2025. Tiwary has been appointed as Managing Director (Designate) from February 1, 2025 and as Key Managerial Personnel from April 24, 2025. For the two months of service, Tiwary was paid a remuneration of nearly Rs 3 crore. "During financial year 2024-25, Manish Tiwary was paid a remuneration of Rs 29.94 million. Additionally, as per the terms agreed by the Board of Directors with Manish Tiwary, he was given a lump sum payout of Rs 151.96 million, with applicable tax deducted at source, at the time of joining the company to compensate for his long-term incentives loss...," said Nestle India. In FY25, total remuneration of CMD Suresh Narayanan was at Rs 23.47 crore.
Mint
2 days ago
- Business
- Mint
Nestle India's on-roll employee count down 3.8% to 8,419 in FY2025 amid capex investment plans
Nestle India's total number of permanent employees dropped by 3.8 per cent as of the financial year ended 2024-25 amid the company's increased capital expenditure (capex) plans to invest money into new capabilities and capacities, reported the news agency PTI on Tuesday, 3 June 2025. The agency report highlighted that Nestle India's on-roll employees were at 8,419 in the 2024-25 fiscal year, compared to 8,736 employees in the same period a year ago. One of the biggest fast-moving consumer goods (FMCG) brands' increase in the median remuneration of employees was at 4.9 per cent in the 2024-25 fiscal, as per the news report. 'The median percentage increase made in the salaries of employees other than the managerial personnel was 5.2 per cent while the increase in the remuneration of managerial personnel was 3.5 per cent,' said Nestle India, cited by the news agency. The company appointed Manish Tiwary as the managing director for a five-year period effective 1 August 2025. Tiwary was paid a salary of nearly ₹ 3 crore for two months of service after his appointment as a key managerial personnel on 24 April 2025. 'During financial year 2024-25, Manish Tiwary was paid a remuneration of ₹ 29.94 million. Additionally, as per the terms agreed by the Board of Directors with Manish Tiwary, he was given a lump sum payout of ₹ 151.96 million, with applicable tax deducted at source, at the time of joining the company to compensate for his long-term incentives loss,' said the company, cited in the news report. Nestle India is one of the largest FMCG brands in India. Its popular daily consumable products include Maggi, Nescafe coffee, Everyday milk powder, and KitKat. The company reported more than ₹ 20,00 crore in sales for the financial year ended 2025, with an increased capex level from 1.8 per cent of the sales in FY2015, to 10 per cent of the sales in FY2025, according to the outgoing Chairman Suresh Narayanan, cited in the agency report from his shareholder's address. The company's total income was at ₹ 20,260.42 crore for the financial year ended 2024-25. 'As a consequence of robust growth, your company is investing in new capabilities and capacities, by increasing product lines in existing factories and setting up the Sanand factory in Gujarat, for confectionery, prepared dishes and cooking aids,' said Narayanan, according to a Mint report. In the financial year 2024-25, the company's CMD, Suresh Narayanan, was paid ₹ 23.47 crore, according to the agency report. Nestle India shares closed 0.73 per cent lower at ₹ 2,390.65 after Tuesday's stock market session, compared with ₹ 2,408.20 at the previous market close.
Time of India
2 days ago
- Business
- Time of India
Nestle India's permanent employee count down 3.8% in FY25
The number of permanent employees in Nestle India fell 3.8 per cent in FY25 , though the maker of Maggi and KitKat increased its capex and is investing in new capabilities and capacities. The total number of on-roll employees of Nestle India was 8,419 in FY25, as compared to 8,736 a year ago. The increase in the median remuneration of employees in last fiscal year was 4.9 per cent. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo "The median percentage increase made in the salaries of employees other than the managerial personnel was 5.2 per cent while the increase in the remuneration of managerial personnel was 3.5 per cent," said Nestle India. Nestle India, which reported over Rs 20,000 crore sales in FY25, increased capex level from 1.8 per cent of sales in 2015 to 10 per cent of sales in FY25, said its outgoing Chairman Suresh Narayanan, while addressing the shareholders. Live Events The maker of Maggi, Nescafe and KitKat has already announced a succession plan, appointing Manish Tiwary as a Director and Managing Director for a five-year term effective August 1, 2025. Tiwary has been appointed as Managing Director (Designate) from February 1, 2025 and as Key Managerial Personnel from April 24, 2025. For the two months of service, Tiwary was paid a remuneration of nearly Rs 3 crore. "During financial year 2024-25, Manish Tiwary was paid a remuneration of Rs 29.94 million. Additionally, as per the terms agreed by the Board of Directors with Manish Tiwary, he was given a lump sum payout of Rs 151.96 million, with applicable tax deducted at source, at the time of joining the company to compensate for his long-term incentives loss...," said Nestle India. In FY25, total remuneration of CMD Suresh Narayanan was at Rs 23.47 crore.
Daily Mail
3 days ago
- Business
- Daily Mail
Expert ranks the seven major Aussie instant coffee brands amid disturbing prediction about how much café coffee will cost by the end of the year
The rising price of café-bought coffees is driving budget-conscious customers back to instant coffee for their caffeine fix. Instant coffee has made a comeback after an expert recently predicted that we could be paying between $8 and $12 on average for a barista-made coffee by the end of the year. The increase in café coffee prices comes after a recent spike in the price in the cost of coffee beans, driven by poor growing conditions and ongoing supply chain issues. These higher coffee bean prices, coupled with other rising business operation costs, have resulted in an unfortunate but inevitable increase om the cost of café coffee. As households grapple with cost-of-living pressures, it seems coffee lovers are increasingly turning to cheaper at-home alternatives - leading to the surprise re-emergence of instant coffee. With so many brands on the market, Sydney nutritionist Lee Holmes has shared her verdict on popular supermarket instant coffees. Speaking to FEMAIL, the wholefoods chef said Nescafe's two varieties - Blend 43 and Gold - were among her top picks. 'Nescafe Gold is slightly less acidic than other instant coffees, and Nescafe Blend 43 uses 100 per cent natural beans with no additives or preservatives and claims sustainable sourcing,' Lee said. 'However, if avoiding chemicals and ensuring ethical sourcing are your top priorities, you may want to look for certified organic and Fair Trade brands.' The founder of Supercharged Food then ranked the following instant coffee brands: Robert Timms in second place, followed by Aldi Alcafe, Moccona, Coles and Woolworths. Surprisingly, her least favourite was International Roast, which she placed last, describing it as a 'basic instant coffee option'. Her rating comes after Martin Brown, Australian general manager for Nestlé - which owns Nescafé - revealed that while Aussies' love of coffee remains unwavering, they're now more willing to 'trade down' from barista made-coffee to at-home alternatives. 'So we are drinking more soluble (instant) coffee, and we are drinking more premium choices of [instant] coffee,' Martin told The Australian. The company reported that its Nescafé Gold instant coffee is currently the fastest growing in the market. His comments are backed by market insight statistics showing that the at-home coffee market is on the rise in Australia and is predicted to grow annually by 3.64 per cent over the next four years. So, which instant coffee brew are we reaching for? According to Canstar Blue's Best-Rated Instant Coffee Brand of 2024, the surprise winner - which scored top marks across almost all categories - came from Aldi. Aldi's Alcafe range- which includes the Aroma Classic Instant Coffee (200g, $5.29), as well as Gold Classic and Gold Dark Instant Coffee (100g, $3.89 each) - proved popular among Aussie consumers. The budget supermarket's coffee brand received five-star reviews in the categories of taste, texture and consistency, value for money and packaging. However, it received only three stars for variety and range. A 200g jar yields around 40 cups of coffee, meaning Aldi Alcafe's Aroma Classic Instant Coffee clocks in at around 13 cents per cup. Close behind in second place was Moccona, which similarly received five-stars for taste but was marked down for value for money, as well as in the texture and consistency categories. Moccona Freeze Dried Instant Coffee Classic Medium Roast 200g is currently sold at Woolworths for $23.60 In third and fourth place were Nescafé's instant coffee varieties - Blend 43 and Nescafé Gold. At Coles, a 250g jar of Nescafé Blend 43 costs $14.50 and a 200g jar of Nescafé Gold sells for $20. Rounding out the top five was International Roast, followed by Robert Timms in sixth. Both major supermarket's own instant coffee brands ranked at the bottom of the report, with Coles in seventh place and Woolworths in last. A CHOICE taste test report from 2023 covered a broader range of instant coffee brands and consequently yielded different results. The report crowned Bushells Classic Gourmet Instant Coffee as the winner, followed by runners-up Robert Timms Full-Bodied Granulated Coffee, Coles Classic Granulated Coffee Smooth & Bold and Vittoria Mountain Grown 100% Arabica Instant Coffee Freeze Dried. The 2024 Canstar instant coffee brand winner, Aldi Alcafe, was also featured in the 2023 Choice report, where their Gold Dark Instant Coffee product placed seventh.
Time of India
24-05-2025
- Business
- Time of India
Nestle's Nescafe to invest additional $89 million in Brazil business
HighlightsNestle's Nescafe plans to invest an additional 500 million reais ($88.7 million) in Brazil by 2028, building on a previous 1 billion-real investment announced last year. The total investment in Brazil will reach 1.5 billion reais, reflecting the country's strategic importance in Nestle's global growth plans. Valeria Pardal, the business executive officer for coffee beverages at Nestle, expressed optimism about the future growth of the 'portion coffee' category, which has seen a 20% growth over the last five years. Nestle's Nescafe plans to invest an additional 500 million reais ($88.7 million) in Brazil by 2028, the coffee brand said on Thursday in a presentation to journalists. The amount comes on top of the 1 billion-real investment the company had announced last year in Latin's America largest economy. Brazil is the second-largest coffee consumer in the world and Nestle's total investment - now standing at 1.5 billion reais - will reinforce the country's strategic role in the company's global growth, it said. The fresh investments are focused on expanding its Montes Claros factory, located in the southeastern state of Minas Gerais, and increasing the footprint of its "Nestle Professional" coffee machines, according to the firm. Nescafe refers to its capsule products as "portion coffee" and Valeria Pardal, the company's business executive officer for coffee beverages said it was optimistic about the sector's future growth. "In the last five years, Nestle's "portion coffee" category has grown around 20%, so we are estimating this level of growth going forward," Pardal said.
