Nestle India will hold a meeting of the Board of Directors of the Company on 31 January 2025.Powered by Capital Market - Live

Nestle India Ltd fell for a fifth straight session today. The stock is quoting at Rs 2160.25, down 0.01% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.93% on the day, quoting at 23729.80078125. The Sensex is at 78412.16, down 1.02%.Nestle India Ltd has eased around 2.3% in last one month.Meanwhile, Nifty FMCG index of which Nestle India Ltd is a constituent, has increased around 0.11% in last one month and is currently quoting at 56157.9, down 0.71% on the day. The volume in the stock stood at 8.7 lakh shares today, compared to the daily average of 9.45 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 2165.65, up 0.31% on the day. Nestle India Ltd tumbled 13.99% in last one year as compared to a 11.64% rally in NIFTY and a 1.74% spurt in the Nifty FMCG index.The PE of the stock is 65.61 based on TTM earnings ending September 24.Powered by Capital Market - Live

The benchmark indices continued to trade with significant losses in mid-afternoon trade. The Nifty slipped below the 24,800 level. Metal shares extended losses for the fourth consecutive trading session. At 14:30 IST, the barometer index, the S&P BSE Sensex, tumbled 495.46 points or 0.61% to 81,008.24. The Nifty 50 index slipped 209.60 points or 0.84% to 24,761.70. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.41% and the S&P BSE Small-Cap index declined 1.14%. The market breadth was weak. On the BSE, 1,225 shares rose and 2,670 shares fell. A total of 116 shares were unchanged. Economy: The Union Cabinet has approved an additional installment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 1 July 2024 representing an increase of 3% over the existing rate of 50% of the basic pay/pension, to compensate against price rise. This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission. The combined impact on the exchequer on account of both DA and DR would be Rs.9,448.35 crore per annum. This will benefit about 49.18 lakh central government employees and 64.89 lakh pensioners. Buzzing Index: The Nifty Metal index fell 1.54% to 9,591.90. The index declined 3.43% in the four consecutive trading sessions. Jindal Steel & Power (down 4.34%), NMDC (down 3.85%), Adani Enterprises (down 2.78%), Vedanta (down 2.53%), JSW Steel (down 1.91%), Ratnamani Metals & Tubes (down 1.81%), Tata Steel (down 1.74%), Steel Authority of India (down 1.48%), Hindustan Copper (down 1.35%) and Hindustan Zinc (down 1%) edged lower. On the other hand, National Aluminium Company (up 4.39%) ,Welspun Corp (up 0.61%) and Hindalco Industries (up 0.14%) edged higher. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 1.77% to 6.893 as compared with previous close 6.885. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 84.0550, compared with its close of 84.0275 during the previous trading session. MCX Gold futures for 5 December 2024 settlement rose 0.22% to Rs 76,834. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.04% to 103.63. The United States 10-year bond yield gained 0.70% to 4.044. In the commodities market, Brent crude for November 2024 settlement added 26 cents or 0.35% to $74.48 a barrel. Stocks in spotlight: Nestle India slipped 3.37%. The FMCG major's standalone net profit rose 8.62% to Rs 986.36 crore on 1.33% increase in revenue from operations to Rs 5,104 crore in Q2 FY25 over Q2 FY24. Larsen & Toubro added 1.16% after company said that its hydrocarbon business (L&T Energy Hydrocarbon) has secured a 'significant' order under its AdVENT Business Vertical from a Government of India (GoI) undertaking. As per L&T's internal classification, the value of the aforementioned contract lies between Rs 1,000 crore and Rs 2,500 crore. Powered by Capital Market - Live

Net profit of Nestle India rose 8.62% to Rs 986.36 crore in the quarter ended September 2024 as against Rs 908.08 crore during the previous quarter ended September 2023. Sales rose 1.30% to Rs 5074.76 crore in the quarter ended September 2024 as against Rs 5009.52 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales5074.765009.52 1 OPM %23.0124.45 - PBDT1142.371226.76 -7 PBT1020.771115.60 -9 NP986.36908.08 9 Powered by Capital Market - Live

The Board of Nestle India at its meeting held on 17 October 2024 has approved the appointment of Manish Tiwary as 'Non-retiring Director' and 'Managing Director' (Key Managerial Personnel) of the Company w.e.f. 1 August 2025 for a term of five consecutive years, subject to approval of the shareholders. To ensure a smooth transition due to Suresh Narayanan's retirement as Chairman and Managing Director of the Company on 31 July 2025, the Board of Directors has decided that Manish Tiwary will commence his role at Nestl' India as Managing Director (Designate) starting 1 February 2025, taking on full responsibilities as Managing Director w.e.f. 1 August 2025.Powered by Capital Market - Live

Nestle India Ltd is down for a fifth straight session today. The stock is quoting at Rs 2488.65, down 0.54% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.4% on the day, quoting at 25026.3. The Sensex is at 81710.5, down 0.32%.Nestle India Ltd has lost around 2.39% in last one month.Meanwhile, Nifty FMCG index of which Nestle India Ltd is a constituent, has eased around 3.34% in last one month and is currently quoting at 62372.3, up 0.1% on the day. The volume in the stock stood at 3.53 lakh shares today, compared to the daily average of 11.5 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 2491.6, down 0.53% on the day. Nestle India Ltd jumped 7.69% in last one year as compared to a 26.83% rally in NIFTY and a 19.15% spurt in the Nifty FMCG index.The PE of the stock is 74.54 based on TTM earnings ending June 24.Powered by Capital Market - Live

Nestle India announced that Suresh Narayanan, Chairman and Managing Director will retire at the close of business hours on 31 July 2025. The Company has received nomination from Nestl' S.A. for the appointment of Manish Tiwary as the Managing Director of Nestle India with effect from 1 August 2025. The proposal is subject to necessary approvals. Powered by Capital Market - Live

Nestle India will hold a meeting of the Board of Directors of the Company on 17 October 2024.Powered by Capital Market - Live

Nestle India Ltd rose for a third straight session today. The stock is quoting at Rs 2689.4, up 2.1% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.53% on the day, quoting at 25803.45. The Sensex is at 84485.2, up 1.56%. Nestle India Ltd has added around 5.39% in last one month. Meanwhile, Nifty FMCG index of which Nestle India Ltd is a constituent, has added around 4.27% in last one month and is currently quoting at 64975.8, up 1.25% on the day. The volume in the stock stood at 5.74 lakh shares today, compared to the daily average of 9.39 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 2685.55, up 1.73% on the day. Nestle India Ltd is up 19.35% in last one year as compared to a 30.7% gain in NIFTY and a 27.32% gain in the Nifty FMCG index.The PE of the stock is 78.44 based on TTM earnings ending June 24.Powered by Capital Market - Live