Latest news with #NestleIndia
Business Standard
15 hours ago
- Business
- Business Standard
Nestle India rises on bonus issue plan
Nestle India rose 1.94% to Rs 2,364.05 after the company announced that its board will meet on Thursday, 26 June 2025, to consider a bonus share issue. The official announcement was made on 19 June 2025 after the market hours. Nestlis the world's largest food and beverage company. It manufactures internationally famous brand names such as Nescaf Maggi, Milkybar, Kit Kat, Bar-One, Milkmaid, and Nestea. The companys standalone net profit declined 5.2% to Rs 885.41 crore on a 4.49% jump in net sales to Rs 5,503.9 crore in Q4 FY25 over Q4 FY24.
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Business Standard
15 hours ago
- Business
- Business Standard
Nestle India to consider bonus issue on June 26; stock advances 2%
Nestle bonus issue: Nestle India shares rose 1.6 per cent in trade on Friday, June 20, 2025, logging an intraday high at ₹2,356.8 per share on BSE after the company said its board will consider issuing bonus shares in a meeting on June 26, 2025. However, at 10:18 AM, Nestle shares pared some gains and were trading 1.03 per cent higher at ₹2,342.85 per share on the BSE. In comparison, the BSE Sensex was up 0.65 per cent at 81,894.29. The company's market capitalisation stood at ₹2,25,887.56 crore. Its 52-week high was at ₹2,777 per share and 52-week low was at ₹2,115 per share. Nestle bonus shares detail After market hours, on Thursday, Nestle informed investors that the fast-moving consumer goods (FMCG) giant's board will consider issuing bonus shares. What is bonus issue? A bonus issue refers to a corporate action where a company issues additional shares to its existing shareholders for free, in proportion to the number of shares they already hold. Only existing shareholders who hold shares in the company before the record date are eligible to receive the bonus shares. If one buys the shares on or after the record date, they won't be eligible to receive the bonus issue. Nestle Q4 results The consumer giant reported a net profit fall of 5 per cent to ₹885.4 crore in the January to March quarter of the financial year 2025 (FY25), as compared to ₹934.1 crore in the same period last year. The fall in the bottom line came while the revenue from operations rose 4.5 per cent to ₹5,503.8 crore in the quarter under review. In the fourth quarter of the previous year, the company reported a revenue of ₹5,267.50 crore.
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Business Standard
18 hours ago
- Business
- Business Standard
Stock Market LIVE: Airtel, M&M, RIL lift Sensex 680 pts, Nifty tops 25,000; Nifty PSB, Realty up 1%
Sensex Today | Stock Market LIVE on Friday, June 20, 2025: In the broader markets, the Nifty MidCap index and the Nifty SmallCap index added 0.84 per cent and 0.74 per cent respectively 11:03 AM Stock Market LIVE Updates: Nestle India to consider bonus issue on June 26; stock advances 2% Stock Market LIVE Updates: Nestle India shares rose 1.6 per cent in trade on Friday, June 20, 2025, logging an intraday high at ₹2,356.8 per share on BSE after the company said its board will consider issuing bonus shares in a meeting on June 26, 2025. However, at 10:18 AM, Nestle shares pared some gains and were trading 1.03 per cent higher at ₹2,342.85 per share on the BSE. In comparison, the BSE Sensex was up 0.65 per cent at 81,894.29. The company's market capitalisation stood at ₹2,25,887.56 crore. Its 52-week high was at ₹2,777 per share and 52-week low was at ₹2,115 per share. READ MORE 10:32 AM Stock Market LIVE Updates: Bulls lift benchmarks; Sensex up 700 pts Stock Market LIVE Updates: BSE Sensex was ruling over 700 pts higher at 82,077 level around 10:30 AM. The Nifty50, meanwhile, was at 25,014, up 220 points or 0.89 per cent. In the broader market, the Nifty MidCap, and SmallCap indices were up 0.8 per cent each. 9:23 AM Stock Market LIVE Updates: Sensex heatmap Stock Market LIVE Updates: 26 out of 30 stocks were trading in the positive zone on the BSE Sensex.
Economic Times
18 hours ago
- Business
- Economic Times
Sensex Rejig: Trent, BEL to see over $700 million in inflows; Nestle, IndusInd face exit
The BSE Sensex will see a reshuffle on June 24, with Trent and BEL replacing Nestle India and IndusInd Bank. Passive fund flows of over $700 million are expected on June 20. BEL could receive $378 million and Trent $330 million in inflows, driven by index inclusion. BEL has surged 38% in six months, while Trent declined 15%. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The BSE Sensex is set for a reshuffle next week, with Tata Group's Trent and Bharat Electronics (BEL) entering the benchmark 30-share index, replacing Nestle India and IndusInd Bank . The changes, announced earlier, will take effect from Monday, June 24, while passive fund flows linked to the rejig are expected on June to estimates by Nuvama Alternative Research, Bharat Electronics could see inflows of around $378 million — approximately 2.8 times its average daily volume (ADV). BEL shares have rallied 38% over the last six months, driven by strong interest in defence sector the Tata Group's retail arm, may witness passive inflows of $330 million, or 5.8 times its ADV. Despite a 15% decline over the past six months, Trent remains a key large-cap component in the BSE 100 the other hand, Nestle India is likely to see outflows of $230 million — roughly 10.7 times its average daily volume (ADV) — following its removal from the index. The stock has gained 8% over the last six Bank, which has faced scrutiny over governance concerns in recent months, will also be excluded. The lender may see outflows of $145 million, equivalent to about 1.9 times its other changes, UltraTech Cement will see a marginal weight increase, with estimated inflows of $4 million. Meanwhile, index heavyweights such as HDFC Bank Sun Pharma , L&T, and ITC are expected to see minor weight reductions, possibly resulting in limited passive the FTSE index rejig is also expected to trigger significant inflows into several Indian stocks. Vishal Mega Mart may see the highest inflow at $115 million, followed by Hyundai Motor India ($56 million), Waaree Energies ($49 million), Swiggy ($32 million), and NTPC Green Energy ($22 million).Additionally, Reliance Industries could receive $57 million in inflows, with an estimated 3 million shares being added—though this represents only 0.3 times its average daily volume (ADV). Other companies expected to be included in the FTSE indices include Afcons Infrastructure, OneSource Specialty Pharma, Sai Life Sciences, and Inventurus rebalancing exercises are closely tracked by investors as they influence passive fund flows and reflect broader market trends. These adjustments help ensure that benchmark indices such as the Sensex remain aligned with India's evolving equity landscape.
News18
19 hours ago
- Business
- News18
Nestle India Share Price Rises 2% As Board To Consider Bonus Issue On June 26
Last Updated: Shares of FMCG major Nestle India rose up to 1.6% on Friday to an intraday high of Rs 2,356.80 on the NSE; Key points for investors Nestle India Share Price: Shares of FMCG major Nestle India rose up to 1.6% on Friday to an intraday high of Rs 2,356.80 on the NSE, after the company announced that its board will meet on June 26, 2025, to consider and approve a proposal for issuing bonus shares. In anticipation of this meeting, the trading window for dealing in the company's securities will remain closed from June 19 to June 28. Bonus shares are additional shares issued by a company to its existing shareholders free of cost, based on the number of shares already owned. These are typically issued out of the company's accumulated earnings and are aimed at rewarding shareholders, improving stock liquidity, and attracting broader investor participation—particularly from retail investors. Meanwhile, Nestle India and IndusInd Bank are scheduled to be removed from the BSE Sensex effective June 23, as part of the index's semi-annual rebalancing. They will be replaced by Trent and Bharat Electronics, both of which recently saw increased investor interest following their inclusion in the Nifty50 index. For the March 2025 quarter, Nestle India reported a 5.2% year-on-year (YoY) decline in standalone net profit to Rs 885 crore, even as revenue from operations rose 4.5% YoY to Rs 5,504 crore, marginally exceeding analyst estimates. Total sales grew 3.7% and domestic sales 4.2%, with the company citing broad-based demand across product categories. Looking ahead, Nestle India noted that commodity prices remain firm for coffee, while cocoa prices, though slightly corrected, are still elevated. Prices of edible oils are stable, but milk costs have risen with seasonal demand during summer. In FY25 so far, the company's powdered and liquid beverages category emerged as the top performer with high double-digit growth, while the confectionery segment also fared well with high single-digit growth, driven largely by KITKAT, for which India is the world's second-largest market. Despite strong operational performance, Nestle India shares have underperformed broader indices, falling nearly 8% over the past year. In 2025 year-to-date, the stock is up about 7%, whereas the Nifty has gained over 5% in the past 12 months and 4.4% so far this year. Nestlé India, a subsidiary of Swiss multinational Nestlé S.A., is one of the country's leading food and beverage companies. Known for brands like Maggi, Nescafé, KITKAT, and Milkmaid, the company has a long-standing presence in India and a strong footprint across urban and rural markets. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published: June 20, 2025, 09:49 IST
