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Nestle India's Q3 net profit surges 23 per cent

Nestle India on Friday said its net profit after tax climbed 23.26 per cent to Rs 343.17 crore for the third quarter of 2017. Net profit for the July-September quarter of the company, which uses the calendar year of declaring...

Few GST operational issues still being ironed out: Nestle India CMD

Describing 3-month old GST as a "fairly encouraging exercise", Nestle India CMD Suresh Narayanan said there are a few operational issues that are still being ironed out. According to a PTI report: As far as the FMCG industry is concerned,...

Nestle launches KitKat Dessert Delight on Bigbasket

FMCG major Nestle announced the launch of its KitKat Dessert Delight on popular online food and grocery store Bigbasket, thus, extending its presence online. "We recognize that e-commerce would be a key channel for FMCG players in future. To drive...

Milk content increased by 8 per cent in new Milkybar: Nestle India

Trying to improve the nutritional profile of its chocolate products, Nestle India has re-introduced 'Milkybar' with its milk content increased by 8 per cent. The company said raising the milk content has been followed by reducing the sugar quantity in...

Nestle R&D Centre launches first food safety institute in India

The Nestle Research and Development (R&D) Centre on Wednesday said it has inaugurated the first Nestle Food Safety Institute (NFSI) in the country to develop a collaborative approach towards ensuring safe food. According to the company, NFSI India, -- a...

GST to impact registered sales growth till June next year: Nestle

FMCG major Nestle India expects its registered sales growth to be impacted till June next year on account of GST. According to a PTI report: However, sales volume will not be impacted as much, the company said in a investors...

Nestle India's April-June net profit up 9 per cent

Nestle India on Wednesday reported a rise of 9.66 per cent in its net profit after tax for the second quarter (Q2) of 2017. The company's net profit for the April-June quarter stood at Rs 263.43 crore -- up 9.66...

Nestle to pass on GST benefits to consumers

FMCG major Nestlé India said that it will pass on benefits of reduced tax rate under GST on various products such as milk powder to consumers once the new tax regime kicks in. There has been considerable reduction in GST...

Nestlé introduces iron fortified noodles; to cut down sodium level further in Maggi

Nestlé India has launched iron fortified noodles as part of its mission to reduce sodium content in the noodles further by 10 per cent by 2020 and increasing micronutrient fortification, the company said in a statement. "Over the last 10...

Nestle India's January-March net profit up 6.7 per cent

Nestle India on Friday reported a surge of 6.7 per cent in its net profit after tax for the first quarter (Q1) of 2017. The company's net profit for the January-March quarter stood at Rs 306.76 crore -- up 6.7...
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