Nestlé India Limited (NESTLEIND.NS)
| Previous close | 2,480.65 |
| Open | 2,492.60 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 2,451.50 - 2,492.60 |
| 52-week range | 2,145.00 - 2,769.30 |
| Volume | |
| Avg. volume | 868,454 |
| Market cap | 2.388T |
| Beta (5Y monthly) | 0.06 |
| PE ratio (TTM) | 80.65 |
| EPS (TTM) | 30.71 |
| Earnings date | 25 Jul 2024 |
| Forward dividend & yield | 32.25 (1.30%) |
| Ex-dividend date | 16 Jul 2024 |
| 1y target est | N/A |
ReutersNestle India misses Q1 estimates, posts slowest revenue growth in 8 years
BENGALURU (Reuters) -Nestle India's first-quarter profit and revenue came in below expectations on Thursday as price hikes drove shoppers towards cheaper rivals, pushing the consumer giant to mark its slowest revenue growth in eight years. Shares of Nestle India fell further after the results to trade 2.6% lower, making it the top loser in Nifty FMCG index, which was down 0.8%. Over the last few years, Nestle India and other consumer good giants have raised prices of their chocolates and milk products to offset the surge in cost of raw materials, including cocoa and milk.
ReutersNestle India profit beats estimates on strong demand; forms JV with Dr. Reddy's
Nestle India reported a bigger-than-expected increase in its quarterly profit on Thursday, as it benefited from higher product prices and demand for its packaged food items including Maggi instant noodles and KitKat chocolates. Consumer goods makers have seen steady demand for certain food items such as chocolates and biscuits, especially in urban areas, while they have also raised prices on some products including coffee and noodles to protect their bottomline. The Indian arm of the Swiss food giant Nestle reported a nearly 27% increase in net profit to 9.34 billion rupees ($112.03 million) for the three months ended March 31, beating LSEG estimates of 8.71 billion rupees.
