Latest news with #NestleIndiaLtd
Mint
26-05-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; Eight stocks to buy or sell on Monday — 26 May 2025
Stock Market Today: During the week ending 23 May 2025, amidst volatility, the market continued consolidating as the benchmark Nifty-50 index, at 24,853.15, ended 0.7% lower week on week. The Bank Nifty, at 55,398.25, ended nearly flat, though Realty, Metals, and Industrials were among key gainers. Autos, FMCG, and IT were among the key losers. The Broader markets also ended marginally lower. For the benchmark Nifty 50 index, 24600 and 24450 would be the key support zones for the short term, while 25000 would be the immediate resistance zone for the bulls. A successful breakout above 25000 could push the market up to 25150-25500. On the other side, below 24450, the sentiment could change, said Amol Athawale, VP-Technical Research, Kotak Securities: For bank Nifty, a higher bottom support is placed at 54575, as long as it is trading above the same, the bullish momentum is likely to continue, he added In the week ahead, market participants will first react to the RBI's record dividend transfer of ₹ 2.7 lakh crore to the government and its implications for fiscal policy. Additionally, the release of India's industrial and manufacturing production data for April, scheduled for May 28, along with the Q1 GDP growth figures, will offer insights into the economic recovery trajectory. Updates on the progress of the monsoon will also be closely monitored. On the global front, developments in the U.S. bond market, the release of FOMC minutes, and progress in the India-U.S. trade negotiations will continue to influence market sentiment, said Ajit Mishra – SVP, Research, Religare Broking Ltd Moreover, the final leg of the Q4 earnings season—with results from key companies like Bajaj Auto, Aurobindo Pharma, and IRCTC—will remain in focus. Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks, while Shiju Koothupalakkal, Senior Manager — Technical Research, at Prabhudas Lilladher has given three stock picks. These include Bharat Heavy Electricals Ltd or BHEL, Nestle India Ltd, SBI Life Insurance Company Ltd, Axis Bank, DLF Ltd, Paras Defence and Space Technologies Ltd , Tourism Finance Corporation of India Ltd and NIIT Ltd Heavy Electricals Ltd- Bagadia recommends buying Bharat Heavy Electricals or BHEL at around ₹ 254.80, keeping Stop Loss at ₹ 245 for a target price of ₹ 273 BHEL is currently trading near ₹ 254.80, demonstrating a sharp recovery from recent lows and signaling a strong reversal in momentum. The stock is on the verge of breaking its recent lower high structure, supported by a notable surge in trading volumes—indicating robust buying interest and market participation. 2. Nestle India Ltd - Bagadia recommends buying Nestle India or NESTLEIND at around ₹ 2414 keeping Stoploss at ₹ 2329 for a target price of ₹ 2583 NESTLEIND is currently trading at ₹ 2414, having rebounded from a key support level at ₹ 2295. The stock has formed a bullish candlestick pattern on the daily timeframe and is poised to break out of its consolidation range between ₹ 2245 and ₹ 2425. A decisive breakout above this range would further validate the ongoing reversal trend, supported by a noticeable surge in trading volumes—indicating strong buying interest. 3. SBI Life Insurance Company Ltd- AR Positional BUY sbilife @ 1798 SL 1770 TGT 1860 In the recent short-term trend analysis of the stock, a notable bullish reversal pattern has emerged. This technical pattern suggests the possibility of a temporary retracement in the stock's price, potentially reaching around Rs. 1860. At present, the stock is maintaining a crucial support level at Rs.1770. Given the current market price of Rs.1798, a buying opportunity is emerging. This suggests that investors might consider purchasing the stock at its current price, anticipating a rise towards the identified target of Rs. 1860. 4. AXIS Bank Ltd- Dongre recommends buying AXIS Bank or AXISBANK at around ₹ 1210 keeping Stoploss at ₹ 1175 for a target price of ₹ 1250 We have seen a major support in this stock around Rs. 1175 So, at the current juncture, the stock has again seen a reversal price action formation at the Rs.1210 price level, which may continue its rally till its next resistance level of Rs.1250 so traders can buy and hold this stock with a stop loss of Rs.1175 for the target price of Rs.1250 in the upcoming weeks. 5. DLF Ltd- Dongre recommends buying DLF at around ₹ 775 keeping Stoploss at ₹ 745 for a target price of ₹ 795 In the recent short-term trend analysis of the stock, a notable bullish reversal pattern has emerged. This technical pattern suggests that there could be a temporary retracement in the stock's price, possibly to around Rs. 795 Currently, the stock is holding a crucial support level at ₹ 745. Given this scenario, there is potential for the stock to rebound towards the ₹ 795 level in the near future. Traders are advised to consider taking a long position, with a strategic stop loss set at Rs.745 to manage risk effectively. The target price for this trade is ₹ 795, reflecting the anticipated upward movement based on the identified technical 6. Paras Defence and Space Technologies Ltd=Koothupalakkal recommends buying Paras Defence or ₹ 1636 with target price of ₹ 1730 keeping Stop loss at ₹ 1600 The stock has recently witnessed a steep rise with strong trend maintained and after a short period of correction has once again indicated a turn around with bias improving taking support near the ₹ 1550 zone and expecting for another round of fresh upward move in1. the coming sessions. The RSI has cooled off from the highly overbought zone and is currently well placed having further potential to carry on with the positive move further ahead. 7. Tourism Finance Corporation of India Ltd- Koothupalakkal recommends buying Tourism Finance Corporation or TOURISM FINANCE at around ₹ 209 for a target price of ₹ 220 keeping Stop loss at ₹ 204 The stock has been in consolidation for quite some time with bias maintained intact and during the last hours of the intraday session, has indications of improving bias with huge volume participation visible to anticipate for further rise in the coming sessions. With the RSI corrected from the highly overbought zone, is currently well positioned and with strength indicated can carry on with the positive move further ahead. With the chart technically looking good, we suggest buying the stock for an upside target of ₹ 220 level keeping the stop loss of ₹ 204 level. 8. NIIT Ltd- Koothupalakkal recommends buying NIIT LTD at around ₹ 137.20 for a target price of ₹ 146 keeping Stop loss at ₹ 135 The stock has witnessed a decent revival from the low made near ₹ 103 zone and recently, maintaining above the important 50EMA level at ₹ 133 has shown signs of improvement in the bias with a positive candle formation on the daily chart and can expect for further upward move in the coming days. The RSI is picking up with a gradual rise and can carry on with the positive move with much upside potential visible. With the chart technically well positioned, we suggest buying the stock for an upside target of ₹ 146 level keeping the stop loss of ₹ 135 level. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
23-05-2025
- Business
- Business Standard
Quick Wrap: Nifty FMCG Index gains 1.63%
Nifty FMCG index ended up 1.63% at 56502.05 today. The index has slipped 2.00% over last one month. Among the constituents, Varun Beverages Ltd rose 4.09%, ITC Ltd added 2.39% and Nestle India Ltd jumped 2.23%. The Nifty FMCG index has soared 1.00% over last one year compared to the 8.21% increase in benchmark Nifty 50 index. In other indices, Nifty India Consumption index gained 1.11% and Nifty Private Bank index increased 1.08% on the day. In broad markets, the Nifty 50 increased 0.99% to close at 24853.15 while the SENSEX increased 0.95% to close at 81721.08 by Capital Market - Live News
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Business Standard
24-04-2025
- Business
- Business Standard
Nestle India Q4FY25 results: Profit drops 6.5% to ₹873 crore, sales up 3.7%
Nestle India Ltd on Thursday reported 6.5 per cent decline in consolidated net profit at Rs 873.46 crore for March quarter FY25 as the FMCG industry faced food inflation and moderation in urban consumption. The company posted a profit of Rs 934.17 crore for the January-March period a year ago, according to a regulatory filing from Nestle India. Revenue from the sale of products was up at Rs 5,447.64 crore in the quarter as against Rs 5,254.43 crore a year ago. "Total sales and domestic sales for the quarter increased 3.7 per cent and 4.2 per cent, respectively. Domestic sales growth was broad-based. Domestic sales crossed Rs 5,235 crore, the highest ever, surpassing that of JanuaryMarch 2024 quarter," said Nestle India, which owns popular brands as Maggi, Nescafe and Kit Kat. However, exports were down 8.65 per cent to Rs 212.66 crore in Q4 FY25 due to commodity headwinds in coffee. In March quarter, total expenses of Nestle India were at Rs 4,307.76 crore. Revenue from operations was at Rs 5,503.88 crore in the quarter, up 4.48 per cent year-on-year. Commenting on the result, Chairman and Managing Director Suresh Narayanan said:"This quarter we witnessed double-digit growth in Beverages and Confectionery, with 3 out of 4 product groups delivering healthy growth" In FY25, Nestle India's consolidated net profit was Rs 3,207.59 crore. Revenue from operations in FY25 was at Rs 20,201.56 crore as against Rs 19,563.37 crore a year ago. "During the financial year ended 31st March 2025, Powdered and Liquid Beverages was the largest growth contributor, with high double-digit growth. NESCAF strengthened its leadership position by gaining market share and bringing more than 5.1 million households into the coffee category," the company said. In FY25, Nestle India's presence in e-commerce channels strengthened its availability, enhanced forward packs and targeted media interventions for consumers. While in the organised trade, it delivered strong, broad-based growth across categories driven by store expansion, enabled by strong in-store activations, in Out of Home (OOH) it continued to accelerate, led by driving penetration. In export, Nestle India expanded its footprint to the Maldives and Papua New Guinea, offering a diverse range of confectionery stock keeping units (SKUs). "Maggi noodles were introduced in new markets in the Middle East and South Africa, while it saw a decline in North America. Exported NESCAF Sunrise to the US," it said. However, commodity headwinds in green coffee impacted growth in coffee exports. Over the commodity prices, Nestle India said it continues 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 summer," it said. In a separate filing, Nestle India said its board in a meeting held on Thursday recommended a final dividend of Rs 10 per equity share of face value of Re 1 each for financial year 2024-25. Besides, the board approved the appointment of Manish Tiwary as Key Managerial Personnel of the company with effect from April 24, 2025. As announced earlier, Tiwary will be Managing Director from August 1, 2025 after the incumbent Suresh Narayanan retires in July. Shares of Nestle India were trading at Rs 2,413.25 apiece, down 0.86 per cent on BSE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
24-04-2025
- Business
- Time of India
Nestle India Q4 profit drops 6.5% to Rs 873 crore, sales up 3.7% to Rs 5,448 crore
NEW DELHI: Nestle India Ltd on Thursday reported 6.5 per cent decline in consolidated net profit at Rs 873.46 crore for March quarter FY25 as the FMCG industry faced food inflation and moderation in urban consumption. The company posted a profit of Rs 934.17 crore for the January-March period a year ago, according to a regulatory filing from Nestle India. Revenue from the sale of products was up at Rs 5,447.64 crore in the quarter as against Rs 5,254.43 crore a year ago. "Total sales and domestic sales for the quarter increased 3.7 per cent and 4.2 per cent, respectively. Domestic sales growth was broad-based. Domestic sales crossed Rs 5,235 crore, the highest ever, surpassing that of January-March 2024 quarter," said Nestle India, which owns popular brands as Maggi, Nescafe and Kit Kat. However, exports were down 8.65 per cent to Rs 212.66 crore in Q4 FY25 due to commodity headwinds in coffee. In March quarter, total expenses of Nestle India were at Rs 4,307.76 crore. Revenue from operations was at Rs 5,503.88 crore in the quarter, up 4.48 per cent year-on-year. Commenting on the result, Chairman and Managing Director Suresh Narayanan said:"This quarter we witnessed double-digit growth in Beverages and Confectionery, with 3 out of 4 product groups delivering healthy growth" In FY25, Nestle India's consolidated net profit was Rs 3,207.59 crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo Revenue from operations in FY25 was at Rs 20,201.56 crore as against Rs 19,563.37 crore a year ago. "During the financial year ended 31st March 2025, Powdered and Liquid Beverages was the largest growth contributor, with high double-digit growth. NESCAFE strengthened its leadership position by gaining market share and bringing more than 5.1 million households into the coffee category," the company said. In FY25, Nestle India's presence in e-commerce channels strengthened its availability, enhanced forward packs and targeted media interventions for consumers. While in the organised trade, it delivered strong, broad-based growth across categories driven by store expansion, enabled by strong in-store activations, in Out of Home (OOH) it continued to accelerate, led by driving penetration. In export, Nestle India expanded its footprint to the Maldives and Papua New Guinea, offering a diverse range of confectionery stock keeping units (SKUs). "Maggi noodles were introduced in new markets in the Middle East and South Africa, while it saw a decline in North America. Exported NESCAFE Sunrise to the US," it said. However, commodity headwinds in green coffee impacted growth in coffee exports. Over the commodity prices, Nestle India said it continues 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 summer," it said. In a separate filing, Nestle India said its board in a meeting held on Thursday recommended a final dividend of Rs 10 per equity share of face value of Re 1 each for financial year 2024-25. Besides, the board approved the appointment of Manish Tiwary as Key Managerial Personnel of the company with effect from April 24, 2025. As announced earlier, Tiwary will be Managing Director from August 1, 2025 after the incumbent Suresh Narayanan retires in July. Shares of Nestle India were trading at Rs 2,413.25 apiece, down 0.86 per cent on BSE. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
Mint
24-04-2025
- Business
- Mint
Nestle Q4 consolidated net profit at ₹873 crore declines 6.5% year on year: Declares final dividend of ₹10
Q4 Results: Nestle India Ltd reported Q4 consolidated net profit at ₹ 873.46 crore declined 6.5% year on year. the company Recommended final dividend of Rs. 10/- per equity share e of the face value5% compared of Re. 1/- (Rupee one only) each for the financial year 2024-25 Nestle India Ltd reported Q4 consolidated net profit at ₹ 873.46 crore, which declined 6.5% year on year compared to ₹ 934.17 crore in the year ago quarter At the standalone level Nestle reported net profit at ₹ 885 crore declined 5.3% compared to ₹ 934 crore in the year ago quarter The Revenues from operations at the consolidated level came at ₹ 5503.88 crore, which marked a growth of 4.5% compared to ₹ 5267.59 crore in the year ago quarter. Nestle's domestic sales at ₹ 5234.98 crore for the quarter ending March 2025 while were up 4.3% compared to ₹ 5021.61 crore in the year ago quarter, Exports sales at ₹ 212.66 crore however declined compared to ₹ 232.82 crore in the March 2024 quarter. It was the rising other income which compensated and pushed up the revenue growth. Further the rising cost as that of material consumes, Employee benefit expenses and also some surge in finance costs, led to an impact on operating performance and in turn the net profits. The revenues from operation at the standalone level at ₹ 5503.88 crore on grew 4.5% compared to ₹ 5267.59 crore in the year ago quarter. Nestle India Ltd also recommended a final dividend of Rs. 10/- (Rupees ten only) per equity share of the face value of Re. 1/- (Rupee one only) each for the financial year 2024-25 on the entire issued, subscribed and paid-up share capital of the Company of 964,157,160 equity shares of face value of Re. 1/- (Rupee one only) each. Nestle share price opened at ₹ 2435 on the BSE on Thursday, almost flat compared to previous days close. Nestle share price while gained to intraday highs of ₹ 2514.25, however post results slipped and also saw intraday lows of ₹ 2392.85, marking a decline of 1.7%
