At a global meeting for Nestlé SA staff on Wednesday, new Chief Executive Officer Philipp Navratil kept it brief. He acknowledged challenges facing the world’s largest food company, praised its global presence and brands, and promised to return soon with a plan on how to revive a sluggish performance. The broadcast for the virtual event, … Read more
Shares of Nestle India surged as much as 4% in trade on Thursday and scaled a lifetime high, buoyed by the high dividend payout, stock split, and robust earnings for the September quarter. The Maggi noodles maker announced an interim dividend of Rs 140 a share, and the board also approved a 10-for-1 stock split. … Read more
Shares of Nestle fell 4% to Rs 18,837.6 in Friday’s intraday trade on BSE after the company reported Q4 earnings below market expectations. FMCG major Nestle India on Thursday posted a 66% year-on-year (YoY) rise in net profit at Rs 628 crore for the fourth quarter ended December 2022. The profit stood at Rs 379 … Read more
Indian market closed higher on Wednesday for the fourth consecutive day. The S&P BSE Sensex pared gains but closed above 59,000 while Nifty50 reclaimed 17,500 levels. Sectorally, buying was seen in energy, FMCG, realty, oil & gas and capital goods while selling was seen in utilities, power, metals, and IT stocks. Stocks that were in … Read more