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
Reliance Securities recommended hold rating on Nestle with a target price of Rs 6624 in its research report dated July 27, 2017.
Bi-axially Oriented Polyamide (BOPA) Film (commonly known as Nylon) is characterised by high impact resistance and tensile strength, good stiffness and resistance towards fats, oils; dilute bases and acids. Although BOPA Film finds extensive use in food packaging, especially for fatty and oily food, distilled goods packaging, agricultural products packaging or medical products, its barrier with respect to gases deteriorates rapidly with increasing humidity.
The company is on track to meet its 2-to-4 percent sales growth target and wants to grow in a medium single-digit range from 2020 in organic terms, Schneider said in an interview published on ThursdayThe company is on track to meet its 2-to-4 percent sales growth target and wants to grow in a medium single-digit range from 2020 in organic terms, Schneider said in an interview published on Thursday.
Amit Gupta of ICICIdirect suggests buying Nestle, Colgate Palmolive, Shriram Transport Finance and Power Grid.
The New York-based hedge fund, controlled by billionaire investor Daniel Loeb, disclosed a $3.5 billion stake in the company on Sunday when it started pushing for Nestle to more aggressively boost performance and buy back shares.
Edelweiss recommended hold rating on Nestle with a target price of Rs 7276 in its research report dated May 15, 2017.
IOC | Cipla | Nestle | Indian Hume Pipe | Reliance Power are stocks, which are in news today.
While the government is aggressive about rolling out the new tax structure by 1st July, the consumer firms are asking for a wider window to prepare themselves for GST.
CLSA says HDFC remains its top pick in financials segment as the expansion of subsidy scheme by government is positive for housing finance companies.
Swiss FMCG major Nestle today said its Indian business reported a strong growth in 2016 despite some disruptive impact of demonetisation with Maggi continuing to regain market share.