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NESTLE INDIA LTD. - 500790 - Regulation 44 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations'): 62Nd Annual General Meeting Held Today Through Video Conferencing/Other Audio Visual Means Facility.

 This is to inform that the 62nd Annual General Meeting (AGM) of the Company concluded today through Video Conferencing / Other Audio Visual Means (VC/OAVM) facility. The Company provided remote e-voting facility to the members on resolutions proposed to be considered at the AGM from 4th May 2021 (9:00 am) to 6th May 2021 (5:00 pm) on the e-voting portal of National Securities Depository Limited (NSDL). Further, those members, who participated through VC/OAVM facility, were provided facility to e-vote on NSDL portal. The results of remote e-voting and e-voting during AGM, on the resolutions from Item Nos. 1 to 4 of the Notice of the AGM, will be forwarded separately on declaration of voting results, in the format prescribed under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The video recording of the AGM is being uploaded on the Company website www.nestle.in
07-05-2021

Nestle buys vitamin maker Bountiful's main brands for $5.75-b

 Deal excludes sports, active nutrition brands
30-04-2021

Nestle says 573 UK jobs at risk amid confectionery revamp

 "We are proposing changes to adapt our confectionery manufacturing for the future with a 29.4 million pound ($40.8 million) investment at our factories in York and Halifax and the proposed closure of our Fawdon site towards the end of 2023."
28-04-2021
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Nestle India Ltd - 500790 - Certificate Under Regulation 40(9) Of The Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - For The Period From 1St October 2020 To 31St March 2021.

 Please find enclosed herewith certificate from a qualified Company Secretaries for the period from 1st October 2020 to 31st March 2021, as required under Regulation 40(9) of the of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
28-04-2021

Nestle confirms discussions to acquire vitamin maker Bountiful

 There were reports the firm was close to a deal in the mid-single digit billions
26-04-2021

Nestle apologies for wrongly depicting Keibul Lamjao National Park on packaging

 The packaging of the particular batch of the KitKat travel break chocolate had also displayed a picture of a Red Panda, a species which is not found at the Keibul Lamjao National Park
23-04-2021
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Nestle India Ltd - 500790 - Compliance Certificate Under Regulation 7(3) Of The Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

 Please find enclosed herewith compliance certificate for the half year ended 31st March 2021, as required under Regulation 7(3) of the of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
23-04-2021

Coffee lovers and home bakers drive strongest Nestle quarter in a decade

 The maker of KitKat chocolate bars and Nespresso coffee confirmed its full-year and medium-term sales guidance.
22-04-2021

Nestle is poised for a good 2021

 Nestle India reported healthy numbers for Q1 CY21, carrying forward the growth momentum of the past two quarters. Nestle has four main revenue segments- milk products and nutrition, prepared dishes and cooking aids, confectionery, and beverages. After growing consistently over the past four years, Covid-19 caused it to skid in the quarter ended June 2020. The company has since then got its act together, resolving its supply chain constraints and focusing on rural India. Quick Takes: Capex of Rs 2,600 core laid out for the next 3-4 years for Maggi, coffee and confectionary segments Rural footprint will be increased more than 30% by 2024, with the total rural reach of about 120,000 Margins might be impacted by higher crude and rising raw material prices in the near future The company has 40 new products in the pipeline and new product sales contribute 4.3% of revenues rising from a low 1.5% in 2016 Revenues grow at a fair clip in Q1CY21 Nestle India reported a third consecutive quarter of double-digit domestic sales growth (10.2% YoY) in Q1 CY21 (calendar year 2021). Revenue from operations came in at Rs 3,611 crore compared to Rs 3,325 crore a year ago, rising 8.6% YoY. Growth for the quarter ended March 2021 was broad-based across all product categories, and largely driven by a rise in volumes and better product mix. Despite facing headwinds in commodity and packaging material costs, operating margin for Q1 was 25.8%, expanding 190 bps (basis points) YoY during the quarter. Net Profit or PAT was reported at Rs 602 crore, compared to Rs 525 crore a year ago. The management said products like Maggi Noodles, Kitkat, Nescafé Classic, Maggi sauces, Milkmaid and Maggi Masala-ae-Magic delivered robust performance, achieving double-digit growth during the quarter. E-commerce revenues continued to deliver strong performance in Q1 CY21 increasing 66% YoY maintaining its contribution to domestic sales. Nestle Vs Britannia Quarterly Volume Growth Beating the slowdown effect, Nestle India was reporting strong numbers, better than its closest peers Britannia and Hindustan Unilever (HUL). Then the Covid-19 pandemic struck. The company has distinguished itself by exhibiting resilience and with its product stable. Competitors such as Britannia captured Covid driven tailwinds of the packaged foods industry at a faster pace, reporting 21.5% jump in volumes in the quarter ended June 2020. Nestle on the other hand was unable to catch up owing to its lower dependence on co-packers and manufacturers. Consequently, volumes in June quarter 2020 grew in single digits (2.6% YoY). But as the economy opened and supply chain disruptions were resolved, Nestle was back to its usual double-digit growth trajectory. The company reported domestic sales growth of 10% for the past three quarters. Britannia, on the other hand reported 5.6% YoY sales growth and revenues fell sequentially in the December 2020 quarter. Resurgence post Maggi Noodles fiasco The Maggi fiasco unravelled Nestle’s high dependence on its flagship product. Due to five months ban on Maggi, annual revenue declined 17% and PAT 52% YoY in CY 2015. The company has launched 80 new products in the past five years. New product sales contributed 4.3% of revenues, rising from a low 1.5% in 2016. Nestle also started working on its urban centric customer base with just rural reach of 1000 villages. By 2020, rural reach has been increased to 89,288 villages, penetrating into resilient rural Bharat. But the cornerstone of its resilient performance is mainly due to the strong leadership position of its product stable. Nestle is the market leader in seven out of its total eight product categories. Except in ketchups & sauces, the company is market leader in infant cereals, infant formula, tea creamer, instant coffee, instant noodles, white & wafers and instant pasta. In fact, in baby food products where advertisements are banned by International Medical Health Organization (IMHO) and World Health Organization (WHO), the company has an envious market share position of 96% in the infant cereal category (Cerelac). And lastly, higher contribution from traditional trade, namely kirana stores roughly 85%, also aided its faster recovery. Optimistic 2021 outlook As India reels under pandemic, the packaged food industry has its tailwinds intact. Nestle’s management is optimistic about future growth prospects and has laid down a Rs 2,600 crore capex plan spread over the next 3-4 years. The company will undertake capacity expansion for Maggi in Sanand (Gujarat), new product manufacturing plant for coffee segment in Nanjangud (Karnataka) and expansion for confectionery segment in Ponda (Goa) and Tahiwal (Haryana). Nestle is also moving ahead on its innovation plans. The company has 40 new products in the pipeline. It is also expanding its rural footprint with an aim to increase its rural reach to 120,000 villages by 2024. Currently, Nestle earns 25% of its revenues from rural areas, while most of its top tier peers earn 30-40% of their revenues from rural India. While the company seems set for future growth, margins might be impacted by rising crude prices (packaging material uses crude derivatives) and higher raw material costs. The management will have to work out how to deal with these headwinds, and new strategies to tackle the impact of the ongoing second wave.
22-04-2021
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NESTLE INDIA LTD. - 500790 - Updates on Book Closure for Interim Dividend

 Nestle India Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from May 01, 2021 to May 07, 2021 (both days inclusive) for the purpose of Payment of Interim Dividend.The Interim Dividend for the year 2021 shall be paid on and from May 19, 2021 along with the Final Dividend 2020, asapproved by the shareholders at the 62nd Annual General Meeting.
21-04-2021
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