Food inflation basket a matter of concern, says Nestle India CMD Suresh Narayanan
"Inflation this year has been slightly lower compared to last year, but still there are worries about availability of some commodities that we deal with. The one that is of concern is coffee; coffee prices are extremely high. Wheat prices have also gone up substantially," Narayanan.
Small FMCG packs a challenge; need for standard packaging: Distributors
Distributors in India are facing challenges due to the indiscriminate launch of small-packs of fast-moving consumer goods (FMCG), leading to storage issues. The All India Consumer Products Distributors Federation (AICPDF) has written to the Ministry of Public Distribution, suggesting that there should be only four pack sizes. Retailers are reluctant to stock a large number of stock keeping units (SKUs) due to increased complexity and potential confusion among consumers.
UBS downgrades Nestle India to Neutral; Stocks trade lower
Nestle India's rich valuation limits the upside. The stock is currently trading at 66x 1-year forward earnings, which is 1 standard deviation above the mean multiple.
Go tough on junk food, consumer front urges government
A coalition of consumer groups, along with public health advocates, lawyers, and doctors, has urged the Indian government to take action against the consumption of junk food high in sugar, salt, and fat. The coalition is calling for legislation to define junk food and restrictions on marketing similar to those for infant foods. They also recommend setting up guidelines to prevent the serving of unhealthy foods in schools, hospitals, prisons, and other public places. The coalition believes that existing regulatory policies on junk food are ineffective.
Small is big for FMCG players as they tap into ‘Rurban’ promise
Companies including Nestle and Dabur are betting on smaller packs and low price points to woo value-conscious consumers in rural areas and small towns.
Tata Consumer leads race for maker of Ching's Secret
Tata Consumer is to first buy 65-70% of the company from its three investors, with a pathway to acquire the rest over a period of time, valuing the company at ₹5,500 crore. The other contenders in fray include Nestle SA, the world's largest foods company, and The Kraft Heinz Co. T
Saurabh Mukherjea adds multibagger Tata stock, smallcap to portfolio
Saurabh Mukherjea recently added Trent Rainbow Childrens Medicare to his portfolios in Augusts. Shares of Tata Group-owned retailer Trent have more than doubled in just two years while smallcap Rainbow has more than doubled from its IPO issue price of Rs 506.
Tata Elxsi, Nestle, 5 other large & midcap stocks cross 100-Day SMA
The Indian stock market brought significant developments on September 14 as several major stocks surged past their 100-Day Simple Moving Averages (SMA).
After nearly 100% return in 6 months, MFs fancy Zomato as top pick in August. Should you buy?
Zomato reported a surprise net profit of Rs 2 crore for the June quarter, compared to a loss of Rs 186 crore a year ago, and a loss of Rs 189 crore a quarter ago. This was on the back of a sharp 71% growth in revenue to Rs 2,416 crore.
LTIMindtree, Maruti among 10 Nifty stocks with golden crossover pattern
This article explores why over 40 Nifty stocks have experienced this pattern, handpicking 10 standout stocks to watch. Dive into the world of technical analysis and equip yourself with valuable insights for successful investing.
Parle-G: The humble biscuit that became the taste of India
Parle-G, the iconic biscuit brand in India, has remained popular with the masses for decades. It has been a symbol of India's large consuming class, including the poor population. During the COVID-19 lockdowns, Parle-G became a relief food for migrants and donated millions of packs to the needy. Despite challenges like higher taxes and rising inflation, Parle-G continues to dominate the biscuit market and has expanded into premium products.
Nestlé India enters into millets-based Ready-to-Make category
The company has introduced a+ masala millets containing bajra in the select market of NCR and online but has plans to expand it to other markets as it scales up, its Chairman and Managing Director Suresh Narayanan said.
Food inflation still a concern; uncertainty due to shortfall of monsoon: Nestle India CMD Suresh Narayanan
Over the rural demand, Narayanan said even though it sounds speculative, if the rural sector gets badly impacted due to rains, then demand from those markets will have an impact. Nestle India, the makers of popular Maggi instant noodles, Kitkat chocolates and Nescafe, is expanding its rural exposure with relevant offering and currently gets one-fifth of sales from far-flung markets.
In expansion mode, many cos on the lookout for senior talent
Consumer, retail, and FMCG companies and startups are increasing their hiring of senior leadership talent to expand their reach and launch new products. This trend has been confirmed by executive search firms and recruitment services firms. Companies like Nestle, Dabur, Clensta, and Citykart are actively seeking senior talent for various functions like marketing, finance, and HR.
Sensex rises 213 points led by rebound in financials; small & midcaps hit 19-month high
Domestically focussed mid-caps and small-caps gained 0.39% and 0.91%, hitting fresh record and 19-month highs, respectively. Jio Financial Services hit a 5% lower circuit for the 3rd straight day
Technical breakout: RIL, SBI among 7 largecap stocks cross 100-day SMA
The crossing of the 100-day SMA by Nestle India, Reliance Industries, and other stocks on August 22 signifies their impressive market performance and growth prospects.
Sensex, Nifty trade on tepid note amid mixed global cues; RBI minutes eyed
From the Sensex pack, Nestle, HCL Tech, Infosys, and Tata Steel opened with gains, while Jio Financial Services, Sun Pharma, and Bharti Airtel opened with losses.
D2C surge: Traditional brands pivot for next-gen wallet share
Dabur is one of many traditional brands that is looking for a slice of the D2C market. Analysts say that even big brands will eventually need unique products and the ability to stay in this market segment over the long term.
US ETF market ushers in active investing in India, Brazil stocks
The South American nation, which earlier attracted bond investors and carry traders with one of the worlds most aggressive monetary tightening, is now luring equity buyers with an early start to cutting rates. Thus, it is more of a “tactical” opportunity, said Dorson
Advertising big shots are now relying on AI to market to the masses
Generative artificial intelligence (AI), which can be used to produce content based on past data, has become a buzzword over the past year, capturing the public's imagination and sparking interest across many industries.
Sensex, Nifty log longest weekly losing streak in 15 months, dragged by IT, bank stocks
Both Nifty 50 and Sensex declined for a fourth consecutive week. The Nifty 50 has lost 3.4% since hitting a record high on July 20. From the Sensex pack, TCS and Tech Mahindra were the top laggards, falling about 2% each.
From Mad Men to machines? Big advertisers shift to AI
Generative artificial intelligence (AI), which can be used to produce content based on past data, has become a buzzword over the past year, capturing the public's imagination and sparking interest across many industries.
Despite the run-up, should you buy Safari or Gland Pharma? Devang Mehta answers
“After a long hibernation, pharma has come out of its orbit. Probably, there is a lot more upside. There is some bit of valuation comfort still in pharma, which has reached near fair valuation but it is still nowhere like the premium valuation it used to command during the Covid times.”
Financials drag Sensex 307 points lower post RBI’s hawkish note on inflation
Sectors sensitive to domestic interest rates like banks and financial services stocks were among the top losers as Nifty Bank fell 0.76%. Meanwhile, FMCG index lost 0.91%, followed by Pharma, which was down 0.74%.
Nestle India, PI Industries among 5 stocks with RSI trending up
RSI can confirm the strength of a stock's trend. When the RSI moves up along with the stock's price, it confirms the strength of the uptrend. Conversely, when the RSI moves down along with the stock's price, it validates the bearish trend
KKR has signed definitive agreements to acquire a majority stake in LEAP India, a pallet pooling platform in India. ET first reported that KKRs infrastructure fund was in talks to acquire a majority stake in LEAP at an enterprise value of up to Rs3,000 crore. KKR is making this investment as part of its Asia infrastructure strategy.
No longer an urban trend, premiumisation has reached Bharat
Nestle India Chairman & MD Suresh Narayanan told ET recently that small-town India too is moving from single packs to multi-packs and from multi-packs to premium brands. "If I can go to Gopiganj and find KitKat being picked up by the consumer by name, that tells me that the premiumisation brand journey has also arrived in those towns," he said.
Those who make arrogant assumptions on consumer behaviour, fall on the sword of weak results: Nestle MD
Nestle India is considering expanding aggressively in the packaged food category, including sauces and ketchup and packaged ready-to-eat food, and is open to acquisitions that fit with the company's culture, capability, and expansion through synergies. The company already has a strong prepared dishes business and is investing in noodles, chocolates, and other categories. Nestle India's Chairman and MD, Suresh Narayanan, said the company is looking at both big brands with non-India presence and nascent categories.
Bharat is discovering Nestle brands, there is secular growth: Suresh Narayanan
Chairman and MD of Nestle India, Suresh Narayanan, said that Bharat or rural India is discovering Nestle brands, and the company is seeing secular growth across all geographies. He cited that the annual penetration of Maggi Noodles, for example, is 80-85%, while coffee's is 30-40%, and there is still low penetration in many of the company's categories. Narayanan also announced that the company invested Rs 2,130 crore in H1-2023.
Food inflation here to stay, but demand to drive India story: Suresh Narayanan, chairman Nestle India
The maker of Maggi noodles is investing ₹4,200 crore in the three-year period between 2023 and 2025 on manufacturing and capacity building, as it sees "fairly robust" demand in the coming years. "A good part of this investment support is from the Swiss parent firm Nestle SA," Narayanan said.
Semi-urban & rural to be new growth areas, to focus on premium offerings; Nestle India CMD
Nestle is focussing on 12-13 states to grow its distribution footprint in semi-urban and rural markets and offering relevant packs. It is also increasing the number of distribution points, which have gone up significantly in the last couple of years, he added.
Nestle investing Rs 4,200 crore by 2025, to set up its 10th factory in Odisha
These investments are for augmentation of manufacturing capacity, Chairman and Managing Director Suresh Narayanan said, adding a third of that has gone into food space, another one-third on chocolate and confectionary and the rest on nutrition and others.
Nestle's Q2 earnings beat Street's estimates. Should you buy stock?
Jefferies recommended a 'Hold' on Nestle India for a price target of Rs 19,900. The company witnessed a volume miss offset by margin expansion, the brokerage noted. Revenue growth was broad-based across cities and towns and also product segments. Like the packaged food story, but valuations are expensive, it said.
Nestle gains on double-digit growth in all categories in Q1, brokerage views mixed
Nestle India's beverage portfolio reported a double-digit growth which was carried by greater household penetration in Nescafe Classic, Nescafe Sunrise, and Nescafe Gold. The milk and milk products portfolio also registered double-digit growth despite high inflation in milk
Hot Stocks: Brokerages on Shriram Finance, ACC, Nestle India, and Laurus Labs
HSBC maintained a buy rating on Shriram Finance with a target price of Rs 228. A 4% profit beat was led by lower provisions despite higher-than-estimated operating costs.
Nestle says it will 'moderate' its price increases
The Swiss group, whose brands include KitKat bars, Nespresso coffee capsules and Purina dog food, said revenue reached 46.3 billion Swiss francs ($54 billion) in the first six months of the year, up 1.6 percent from the same period in 2022.
Nestle Q2 Preview: PAT may rise 36% YoY on strong sales, margin show
Revenue from operations is likely to grow 16% on year to Rs 4,690 crore. In terms of key monitorables, analysts will keep an eye on margin trajectory from the management given that milk prices remain high
ITC, IndusInd, TCS among 10 Nifty50 stocks with Golden Crossover pattern
Trendlyne has reported that 45 Nifty50 stocks have recently experienced the Golden Crossover, a bullish technical pattern that occurs when a stock's short-term moving average crosses above its long-term moving average.
Paper or plastic? That’s not an easy answer anymore:
Plastic, especially single-use packaging, is now the world's most hated material. From environmentally damaging it has now become simply unacceptable by society.
Nestle India gets approval to set up food processing unit in Odisha; shares gain
The unaudited financial results of the company for the second quarter and half year ending June 30, 2023 shall be considered by the board of directors of the company at their meeting proposed to be held on July 27, 2023.
Six of the 13 major sectoral indices logged gains, with public sector banks rising 0.83%. The high weightage IT fell 0.71% and was the top sectoral loser. The market breadth was skewed in the favour of the bulls. About 1,748 stocks gained, 1,711 declined, and 142 remained unchanged on the BSE.
Ahead of Prime Day sale, Amazon says consumer sentiments 'positive' in market
Amazon Pay is launching the fastest hotels and international flights booking experience, with access to special prices on all flights and 1,10,000-plus hotels, homestays, and villas.
Sensex, Nifty rise in early trade on gains in RIL, HDFC twins
From the Sensex pack, Nestle, HDFC Bank, HUL, Reliance, HDFC, and Tata Steel traded with gains, while UltraTech Cement Maruti, Power Grid, Axis Bank, and Bajaj Finance witnessed some losses.
Market valuation of BSE-listed firms hit lifetime peak of Rs 301.10 lakh cr
From the Sensex pack, Reliance Industries quoted over 2 per cent higher. Power Grid, Nestle, Larsen & Toubro, UltraTech Cement, NTPC, Axis Bank, Asian Paints and Tata Motors were among the other major gainers.
It's the cafe chains that the young are flocking to
Cafe chains in India are now growing faster than quick service restaurants (QSR) as younger, aspirational consumers increasingly prefer to meet and hang out in cafes despite high menu prices, executives and analyst reports say.
Fri-yay on D-Street! Sensex, Nifty hit fresh record highs on robust US data
From the Sensex pack, Power Grid and Asian Paints were the top gainers, rising 2-3%. Infosys, Tata Motors, Titan, Wipro, Bajaj Finance, and IndusInd Bank rose in early trade. On the flip side, only, Tata Steel, Nestle, and ICICI Bank traded with cuts.
World Bank President Ajay Banga named in 2023 list of Great Immigrants
With over 30 years of experience in key positions, 63-year-old Banga is expected to usher in transformative policies at the World Bank to combat poverty and address climate change, opening opportunities for people around the globe, a statement issued by Carnegie on Wednesday said.
HAL, Vedanta among 7 stocks with bearish MACD crossover
Seven Indian companies, including defense contractor Hindustan Aeronautics, electrical and digital services company Siemens and natural resources company Vedanta, have recently experienced a bearish MACD crossover, a technical indicator that helps investors identify potential bearish trends in the stock market. The bearish signal suggests that the upward momentum of a stock is weakening and may signal a downward trend.