Nestle India Limited: History, Latest Updates, Milestones, Subsidiaries & Share Price
Introduction
Nestle India Limited is the Indian subsidiary of Nestle .Nestle started its business in India in 1912 as “The NESTLÉ Anglo-Swiss Condensed Milk Company (Export) Limited''. After Independence of India, the company incorporated in India in 1959. Nestle produces milk products such as dairy whitener, condensed and toned milk, yoghurt, milk-based formula foods etc. Nestle also produces noodles, sauces, seasonings, pasta and ready to eat cereals, instant coffee and tea powders. It also produces ready to drink beverages and confectionery. Nestle India manufactures international quality products under popular brand names such as Necafe, Maggi, Milky Bar, Kit Kat, Bar One, Milkmaid and Nestea. Recently Nestle India has also introduced daily consumption products like Nestle Milk, Nestle Slim Milk, Nestle Dahi and Nestle Jeera Raita. Nestlé India also exports its products. Currently , Nestle India has its head Office at Gurgaon, India with 9 manufacturing units and 4 branch offices employing over 8000 people.
Currently, Nestle India Limited is owned by Nestle Group with 59.8% shareholding. Nestle India shares are traded on both NSE and BSE. Nestle India Limited share price can be checked at Enrich Money's stock analysis page.
Nestle India Moves In 2023:
February 2024
Nestle India has partnered with Social and Boss burger to launch a trial of Maggi Professional's plant-based meals. These menu options are available in The New Irresistible Menu.
Nestle India has planned to invest Rs.6000 crore - Rs.6500 crore by 2025. This investment amount is more than what Nestle has invested in India till its inception.
Nestle India has announced a dividend of Rs.7 per equity share. Currently, the face value of Nestle India share is Rs.1.
Nestle India has reported its Q4FY2023 results with a rise in net profit by 4.4% to Rs.655.6 crore.
January 2024
On 5th January 2024, Nestle India divided its stocks in 1:10 ratio. Hence, the Nestle India share price face value of Rs.10 will be split into 10 shares with Nestle India share price face value of Rs.1 per equity share.
November 2023
Nestle India has announced its second interim dividend of Rs.140 per equity share .
Nestle India is planning to go coal free and furnace oil free by next year as an initiative to reduce air pollution. The company is on the move to start plant-based protein product production. For the past 3 years, Nestle India has been plastic neutral by recycling its plastics.
October 2023
Nestle India released its Q3FY2023 results, in which the net profit of the company has grown to 37.3% on year-on-year basis to Rs.908 crore . Its consolidated revenue increased to 9.5% on a year-on-year basis to Rs.5036 crore. This is the first time that Nestle has reported in any of its quarters to cross Rs.5000 crore . Nestle India's EBITDA increased by 21.3% at Rs.1225 crore. It also recorded total sales growth of 9.4% with its domestic sales growth was 10.3%.
Nestle India has planned to increase its sales through online commerce platforms.
September 2023
Nestle India Limited introduced Nestlé a+ Masala millet as a new product offering aligning with the Indian government’s emphasis on promotion of millet as a sustainable food option.
August 2023
Internshala , a career tech firm partners with Nestle India to launch NESTERNSHIP 2023. Its aim is to involve young individuals actively by offering them into the FMCG sector.
July 2023
Nestle India has received approval to set up its 10th food processing unit at Odisha at an investment of Rs. 894.10 crore. This comes as a part of Nestle India's investment of Rs.4200 crore till 2025, to grow its presence in semi urban and rural areas through RURBAN strategy. NESmitra, a customer ordering app, is being used in RURBAN markets to enhance retailer-distributor connections.
Nestle India has changed its financial year from calendar year to April - March cycle.
Following this change, Nestle India has released its July results, where the company's net has risen by 36.86% of Rs 698.34 crore. Revenue from operations has risen to 15% on a year-on-year basis and domestic sales growth also grew to 14.6% on a year-on-year basis.
Evolution Of Nestle India: From Past to Present:
|
Year |
Evolution |
|
1912 |
The NESTLÉ Anglo-Swiss Condensed Milk Company (Export) Limited |
|
1959 |
Company incorporated at New Delhi, India . Promoted by Nestle Alimentana S.A. |
|
1961 |
First factory at Punjab. |
|
1987 |
Installed a new Coffee factory at Nanjangud, Karnataka . |
|
1989 |
Change of name from Food Specialities Limited to Nestle India Limited. |
|
1990 |
Introduced Nestle premium chocolates |
|
1993 |
Installed new cereal-based products factory at Samalkha |
|
1994 |
Launched Cerelac, Soya, Milkmaid, Dessert mixes, Maggo Tonit’s special cooking bases, Maggi 1-2-3 noodles, Contadina snack dressing, chocolate items, bar one peanut, polo. |
|
1995 |
Constructed a new kit kat factory at Goa. Installed noodles factory at Samalkha. Installed a new milo factory at Nanjangud. |
|
1996 |
Launched Milo, instant dosa batter, sambar powder, pickles and Maggi soups in South India. |
|
1997 |
Nestle India Limited became the largest producer of instant coffee. |
|
1998 |
Nestle SA joint ventured with BM Khaitan under the name ‘ Nutritional Food Products India Ltd” and later amalgamated into Nestle India. |
|
1999 |
Nestle India agreement with Campco to manufacture and supply chocolates and cocoa products. |
|
2000 |
Launched ‘Pure Life’ and ‘San Pellegrina’ water bottle, Nestle Oure Milk, Nescafe Gold and Nescafe Gold Decaffeinated. |
|
2002 |
Nestle Group increased its shareholding in Nestle India to 53.27%. Tied up with Nilgiris for co-branding purposes. Launched throat lozenges Acti -V. Nestle SA sold assets of Excelsia Foods to Parson Nutritional Private Limited. |
|
2003 |
Rolled out ‘Nestle Development Nutritio Plan’. Launched Cerelac 123. Nestle Group increased its shareholding in Nestle India to 59.8%. |
|
2004 |
Nestle India introduced ‘Sweet Lassi’. |
|
2005 |
Launches new variant of Maggi. |
|
2006 |
Initiates Uttaranchal unit |
|
2009 |
Nestle India Board acquired Healthcare Nutrition Business of Speciality Food. |
|
2010 |
Inaugurated New plant at Nanjangud. Signed India Pledge. |
|
2011 |
New plant at Karnataka |
|
2012 |
Nestle celebrates 100 years. |
|
2013 |
Acquired 26% stakes in Indicon Agro and Allied Activities Private Limited. Nestle India exports noodles and sauces. |
|
2014 |
Agreement signed with Magic Bus India Foundation. |
|
2015 |
Resumed Manufacturing of Maggi after safety clearance test. |
|
2016 |
Launched Nestle a+ GREKYO yoghurt, nestle a+ Pro-Grow, Nescafe Ready to Drink. |
|
2017 |
Launched Nescafe Sunrise Insta filter. Supported Cause of Educating the Girl Child with Nanhi Kali. Tied up with Alibaba for marketing. |
|
2018 |
Launched breakfast cereals, NesPlus |
|
2019 |
Relaunched Milo. |
|
2020 |
Launched Maggi Desh Ke Kiye 2 Minute -Ek Chhoti Si Koshish. |
|
2022 |
Acquired Purina Pet Care India Private Limited’s Pet Foods business. Introduced NestlMilk, Nestle Slim Milk, Nestle Dahi, Nestle Jeera Raita. |
|
Company Information |
|
|
Name |
Nestle India Limited |
|
Founded year |
28th March 1959 |
|
Founding Company |
Nestle |
|
Headquarters |
Gurugram, Haryana , India |
|
Industry |
Food Processing |
|
Current Managing Director |
Mr. Suresh Narayanan |
|
Major subsidiaries |
Nil |
|
Revenue |
Rs. 15,050 crores in 2022 |
|
Geographical presence |
India |
|
NSE code |
NSE: NESTLEIND NSE NIFTY 50 Constituent |
|
BSE code |
BSE: 500790 BSE SENSEX Constituent |
Timeline Of Nestle India:
|
Year |
Fact |
Description |
|
28th March 1959 |
Incorporated |
Nestle India Limited |
|
1961 |
Initiated |
First production factory at Moga, Punjab. |
|
1989 |
Set Up |
New factory at Nanjangud, Karnataka |
|
1990 |
New Business Entry |
Nestle Premium Chocolate |
|
1991 |
Joint Venture |
With BM Khaitan group (soya-based products) |
|
1995 |
Set Up |
New facility at Ponda, Goa |
|
1997 |
Set Up |
New facility at Bicholim, Goa |
|
2000 |
New Business Entry |
Liquid milk and Iced Tea |
|
2006 |
Set Up |
7th factory at Pantnagar, Uttarakhand. |
|
2011 |
Set Up |
8th factory at Karnataka |
|
2020 |
Invested |
Rs.2600 crore on new plant at Gujarat |
|
2021 |
Initiated |
Production at Gujarat |
Inside Nestle India: Exploring Subsidiary Ventures:
Nestle India
Corporate Action
-
Nestle India has announced a dividend of Rs.7 per equity share. Currently, the face value of Nestle India share price is Rs.1.
-
Nestle India has reported its Q4FY2023 results with a rise in net profit by 4.4% to Rs.655.6 crore.
-
On 5th January 2024, Nestle India divided its stocks in 1:10 ratio. Hence, the Nestle India share price face value of Rs.10 will be split into 10 shares with Nestle India Share Price face value of Rs.1 per equity share.
-
In November 2023, Nestle India announced its second interim dividend of Rs.140 per equity share .
Main News
-
Nestle India Ltd share price went up by 1.28% with last traded share price of Nestle Company is Rs. 2482.7 .
-
Nestle India has partnered with Social and Boss burger to launch a trial of Maggi Professional's plant-based meals. These menu options are available in The New Irresistible Menu.
-
Nestle India has planned to invest Rs.6000 crore - Rs.6500 crore by 2025. This investment amount is more than what Nestle has invested in India till its inception.
-
Nestle India is planning to go coal free and furnace oil free by next year as an initiative to reduce air pollution. The company is on the move to start plant-based protein product production. For the past 3 years, Nestle India has been plastic neutral by recycling its plastics.
Nestle Share Price NSE India Today
|
COMPANY NAME |
SECTOR |
SHARE PRICE LINK |
|
Nestle India Limited |
FMCG |
Achievements & Milestone:
|
Year |
Milestones |
|
1956 |
Founded Nestle India Limited |
|
1961 - 1989 |
First industry at Moga, Punjab.(1961) Second industry at Choladi, Tamil Nadu (1967) Third industry at Nanjangud, Karnataka (1989) |
|
1990 - 1993 |
Entered the confectionery business with Nestle Premium Chocolate. Fourth industry at Samalkha, Haryana (1993) |
|
1995 - 1999 |
Launched Kit Kat (1995) Fifth & Sixth industry at Goa (1995 & 1997) Launched Nestle Growing Up Milk (1999) |
|
2000-2005 |
Entered ultra heated liquid milk industry(2000) Launched Pure Life water bottles (2001) Launched Infant Nutritional goods (2004) Awarded Best Exporter of Instant Coffee to Russia and Far East Countries (2005) |
|
2006-2008 |
Eighth industry at Pant Nagar, Uttarakhand.(2006) Awarded India Innovator (2007) Launched Nestle NAN 3 & Maggi Pichkoo (2008) |
|
2010-2014 |
Acquired Specialty Foods India Private Limited Healthcare Nutrition business (1.1.2010) New facility at Karnataka (2011) |
|
2015-2017 |
Ban on Maggi Noodles (2015) Awarded Twitter Aviator Award (2016) |
|
2018-2019 |
Celebrated 35th anniversary (8.3.2018) Awarded Golden Peacock Occupational Health & Safety Award for Moga factory (2019) |
|
2020 |
Award for Covid -19 Relief efforts in Business World Pure 2020 |
|
Year |
Awards & Achievements |
|
2023 |
Best Industry award for product innovation for millet mainstreaming. |
|
2023 |
Food Company of the Year Award by IFSNSA |
Conclusion
Nestle India always emphasizes on good values through its principle ‘Good Food Good Life’. Nestle India always places a high priority on improving operational efficiency. As a result, increasing sales, the profitability of working capital, cost of capital, duration of value growth and Nestle India share price have been continuously positive.
Even when the fluctuating market conditions impact Nestle India share price, its strong fundamentals make it an attractive investment option in the FMCG sector.
To gain more information on Nestle India's share price and its stock analysis, visit our stock analysis page. We provide the best trading app in India for beginners.
Frequently Asked Questions:
What is the Nestle India Share Price NSE?
You can check Nestle India Share Price on Enrich Money's stock analysis page.
What is Nestle India Share Price Today?
As on 16th February, 2024, Nestle India Share Price is Rs. 2487.65
Where to find Nestle India share price?
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Where to find Nestle India share price prediction tomorrow?
You can find the future of Nestle India Share Price in the Enrich Money stock analysis page.
What is Nestle India share price target?
Considering bullish market trends, with favourable market conditions. The Nestle India share price is expected to potentially reach a bullish uptrend by the end of 2024. To gain live insights on Nestle India Share Price future , login to Enrich Money.
What is the 52-week low and high of Nestle India share price?
52 weeks low and high of Nestle India share price is Rs. 2448.60 and Rs. 2490.50
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