GSK is looking to sell 72.5 percent stake in its Indian subsidiary
Nestle has launched Nescafe E in Cyprus and India is the second country, where the company is introducing it. This would be the first consumer appliance product by Nestle in the B2C segment in India.
In May, Nestle said it planned to eliminate up to 500 information technology jobs in Switzerland as it shifts work to an existing tech hub in Spain and other locations.
Swiss food giant Nestle, which also produces Nescafe instant coffee, had announced in May it would pay $7.15 billion (6.13 billion euros) for the rights to market Starbucks coffee globally.
Nestle India has reported a sales total income from operations of Rs 2,698.40 crore and a net profit of Rs 395.03 crore for the quarter ended Jun-2018
Nestle has been locked in a blockbuster legal war with US rival Mondelez, maker of Cadbury chocolate, over the four-fingered wafer biscuit which was first sold in 1935.
Net Sales are expected to increase by 9.7 percent Y-o-Y (down 1.1 percent Q-o-Q) to Rs. 2,726.9 crore, according to KR Choksey.
Brokerages forecast aggregate revenue, EBITDA and PAT growth of 13.5 percent, 21.8 percent and 22.7 percent, respectively for 1QFY19E
The Roundtable on Sustainable Palm Oil, a non-profit group that counts members from across the palm oil supply chain, suspended Nestle Wednesday and revoked the sustainable palm oil certificates at several of the company's facilities.
While the category itself undergoes a change, even the existing business of GSK Consumer holds value for other FMCG players and there is a scope for operational synergies
Health Food Drinks as a category have been growing at a slow pace in India due to rising competition and consumers making informed choices.
The India Meteorological Department (IMD) has predicted an average monsoon this year, which has already hit the Indian coast.
The agreement gives Nestle, which owns the Nescafe and Nespresso brands, a strong platform for continued growth in North America, the company said in a statement.
Net Sales are expected to increase by 6.2 percent Y-o-Y (up 5.8 percent Q-o-Q) to Rs. 2,753.1 crore, according to KR Choksey.
Brokerages estimated aggregate revenue growth for the discretionary pack at 13.5 percent, while aggregate volume growth was pegged at 8 percent.
Take a look at where some of the world's most recognised brands originate from.
Nestlé has finally opened its doors to the two-minute instant noodles, Maggi's manufacturing unit for customers to watch the entire process in a bid to highlight their safety aspect.
Last year's organic growth -- which strips out the impact of acquisitions and currency swings -- was the company's weakest since it began recording the measure in 1996 and missed even the lowest estimate of 2.6 percent in a Reuters poll of analysts.
In December last year, the company declared an interim dividend of Rs 33 per share for 2017.
Nescor is Cuba's third joint venture with Nestle and reflects President Raul Castro's drive to attract international capital to help update the Soviet-style command economy and stimulate growth.
As many as 178 items of daily use were shifted from the top tax bracket of 28 per cent to 18 per cent while a uniform 5 per cent tax was prescribed for all restaurants, both air- conditioned and non-AC.
Investors are looking for proof that Nestle, the world's largest packaged food company, can improve performance when the sector is battling a slew of upstart brands and changing consumer tastes and habits.
Amit Gupta of ICICIdirect expects 10-15 percent upside in GAIL India and Petronet LNG and advises acccumulating Havells India at around Rs 500.
Nestle, better known for KitKat bars, Nescafe coffee and Hot Pockets, did not disclose the price it paid for Sweet Earth, which makes frozen meals, burritos, breakfast sandwiches and burgers using meat alternatives like tofu and seitan.
Edelweiss is bullish on Nestle has recommended hold rating on the stock with a target price of Rs 7039 in its research report dated August 28, 2017