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BSE Announcements on Nestle
Posted by :
MMB Messenger
Nestle India Ltd has informed BSE that at the 50th Annual General Meeting (AGM) of the Company held on May 05, 2009, all the items of business contained in the Notice of the 50th Annual General Meeting were approved by the shareholders, who: -
1. Approved the Balance Sheet as at December 31, 2008 and the Profit and Loss Account for the year ended on that date together with the Reports of the Directors and Auditors thereon.
2. Approved final dividend of Rs 12.00, per equity share for the year 2008 and confirmed the two interim dividends of Rs 8.50 and Rs 14.50 per equity share, already paid for the year ended December 31, 2008.
3. Re-appointed Mr. Michael W O Garrett as a Director of the Company.
4. Re-appointed M/s. A F Ferguson & Co., Chartered Accountants, as the Auditors of the Company upto the conclusion of the next Annual General Meeting of the Company; and
5. Re-appointed Mr. Shobinder Duggal as a Whole-time Director, designated as "Director-Finance & Control", of the Company for a further period of five years with effect from May 10, 2009....
Key take aways:Nestle : Hem securities
Posted by : BAZEEGARThe company has come up with decent number for the quarter ended March 2009. The company’s domestic sales have increased by 19% due to increased volumes and better realizations. Despite rupee depreciation, the export sales have dropped by 15% largely on account of lower exports to Russia. The company’s other operating income doubled from Rs 2.4 crore to Rs 5 crore due to backlog of export incentives received during the March quarter. Favourable sales mix, lower petroleum prices, improved realizations and better forex exposure management have enabled the company to achieve this performance. The company has also witnessed a decline in raw material and employee costs to total revenues in the quarter under review. In all, the company has posted commendable results and is expected to perform well in future as well....
The company has posted healthy results for first quarter ended March 2009. Net sales witnessed a jump of 16.50% at Rs.12707.80 million in Q1FY09 as against Rs.10909.10 million clocked in the same quarter year ago, thereby translating in op-erating profits of Rs.3041 million, portraying a growth of 27% from Q1FY08. The bottom line for Q1FY09 stood at Rs.1973 million witnessing a whooping growth of 63% from previous quarter ended December 2008. On the margins front, operating profit margins expanded by 202 bps at 23.93% as compared with 21.91% in Q1FY08. Similarly, net profit margins surged by 85 bps to stay at 15.53% from 14.68% clocked in the corresponding quarter last fiscal. EPS for the quarter under review stood at Rs.20.46, exhibiting a tremendous growth of 23.20% from the same quarter previous year....
Nestle India is the largest dairy products company in India listed on the bourses. A subsidiary of Nestle S.A. of Switzerland, the company was incorporated in 1959. It set up its first factory at Moga, Punjab in 1961. With a broad product portfolio of milk products & nutritions, beverages, prepared dishes & cooking aids and chocolates & confectionary, the company generates above Rs.3,500 crore income annually. Its milk products & nutritions portfolio encompasses a wide range of products right from milk and skimmed milk to value added products like condensed milk, curd, ghee, yogurt and raita. These products are sold under various popular brands -- Nestle Eve-ryday, Nestle Milkmaid, Nestle Milk, Nestle Fresh n Natural etc. The company has a capacity to produce 72,502 tonnes of milk products & nutritions per annum, spread over seven plants located...
BSE Announcements on Nestle
Posted by : MMB MessengerNestle India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 29, 2009, inter alia, has declared an Interim Dividend of Rs 9.00 (Rupees nine only) per equity share for the year 2009, which shall be paid on and from May 15, 2009 on the entire issued, subscribed and paid-up equity share capital of the Company of 96,415,716 equity shares of the nominal value of Rs 10/- each....
BSE Announcements on Nestle
Posted by : MMB MessengerNestle India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 30, 2009, inter alia, to consider the un-audited financial results of the Company for the first Quarter ended March 31, 2009 (Q1)....
So dear,
where can this head upto in this month?
Thanks in advance!
Regards
Aman...
Expect Bonus + Good divident at the Annual Meeting as NESTLE is completing 50 years of there Business in India....
BSE Announcements on Nestle
Posted by : MMB Messenger
Nestle India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 29, 2009, inter alia, to consider declaration of Interim Dividend for the year 2009, if any.
Further, with reference to the earlier announcement dated March 06, 2009 regarding the Book Closure from May 05, 2009 to May 06, 2009 (both days inclusive) for the purpose of Annual Closing and determining entitlement of shareholders to the final dividend for the year 2008 of Rs 12.00 per equity share, the same Book Closure shall also determine entitlement of shareholders to the Interim Dividend for 2009, if any....
BSE Announcements on Nestle
Posted by : MMB MessengerNestle India Ltd has informed BSE that the 50th Annual General Meeting (AGM) of the Company will be held on May 05, 2009....
Share recommended last month still looking good. Hold....
The undertone of the share was quite firm. Hold....
Share has shown a steady performance under the present weak market conditions....
Share is relatively steady in current volatile market....
BSE Announcements on Nestle
Posted by : MMB Messenger
Nestle India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 06, 2009, inter alia, has recommended a final dividend for 2008 of Rs 12.00 per equity share, for approval of the shareholders.
Further the Company has informed that, the Register of Members & Share Transfer Books of the Company will remain closed from May 05, 2009 to May 06, 2009 (both days inclusive) for the purpose of payment of final dividend & 50th Annual General Meeting (AGM) of the Company to be held on May 05, 2009....
