NESTLEIND

Adds details from paragraph 2

Jan 16 (Reuters) - Nestle India NEST.NS on Friday named Edouard Mac Nab, currently head of finance and control at Nestle Canada, as its new chief financial officer effective March 1, the company said in an exchange filing.

He will succeed Svetlana Boldina, whose term as Nestle India's CFO is set to end on January 31.

Mac Nab, 54, joined the company in February 2022 as the CFO of Nestle France and moved to his current role in September 2024.

He has previously held senior finance positions at Britain's Reckitt, Mead Johnson Nutrition and Bristol-Myers Squibb.

Nestle India will publish its quarterly earnings for the October-December period on January 30.

The company, known for its Kit Kat chocolates and Maggi brand of noodles, had announced in December that Boldina would step down.

(Reporting by Chandini Monnappa and Nandan Mandayam in Bengaluru; Editing by Vijay Kishore)

(([email protected]; https://www.linkedin.com/in/chandini-monnappa-8a37b013b/;))

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Shritama Bose

MUMBAI, Jan 13 (Reuters Breakingviews) - India is piling into consumer giants’ basket of troubles. Unilever ULVR.L and Nestlé NESN.S are losing pricing power in the world’s fifth-largest economy amid growing competition from nimble upstarts. It’s an unwelcome headache for the groups that are trying to revive their more established markets in Europe and the U.S. With no easy fixes, the problem may require expensive remedies.

Consumer titans were once synonymous with boringly predictable earnings. But a recent bout of management churn and intense competition has made them about as predictable as the start-ups they are now battling for market share. Last February, $140 billion Unilever replaced its CEO Hein Schumacher with its finance chief Fernando Fernandez to accelerate its growth plans. It also grappled with rising commodity prices and spun out its ice cream unit at a disappointing valuation.

Nestlé is enduring an even trickier time. The $240 billion Kitkat maker is on its third CEO in less than three years and is dealing with a decline in sales in Europe and the U.S. These factors have weighed on the groups’ share prices which are flat versus the same period last year, underperforming Europe’s Stoxx 600 .STOXX which is up nearly 20% in the same period.

In ordinary times, these groups could rely on their Indian businesses to compensate. Indeed, historically they performed better than their parents’ businesses in developed markets. At its 2016 peak, sales at Nestlé India NEST.NS grew nearly 16%, eight times the pace of the Swiss group’s European business and four times that of its Americas unit. As recently as 2021, Hindustan Unilever HLL.NS was growing turnover at a punchy 18% as Europe and the Americas only managed under 5%.

But those dynamics are changing. During the year ended March 2025 sales at HUL grew just 2% , down from double digits two years earlier. Meanwhile, Nestlé ’s Indian business grew 1% in 2024. That run rate means India can barely contribute much more to these groups' top lines than it currently does - 2% and 11% for Nestlé and Unilever respectively.

More concerning for investors, however, is the effect this is having on these groups' profitability. EBITDA margins of Hindustan Unilever and Nestlé India are off pandemic-era peaks and could remain below those levels at least until 2027, according to forecasts compiled by Visible Alpha.

The bosses of these businesses blame the recent weakness on rising commodity prices and high inflation which, coupled with stagnating incomes in the aftermath of Covid, have diminished Indians’ purchasing power.

The danger for investors is the decline may intensify. Affluent urban Indians are increasingly shopping for essentials on e-commerce platforms Eternal ETEA.NS and Swiggy SWIG.NS, which use a network of mini warehouses to deliver everything from milk to umbrellas in 10 minutes. These apps enable challenger brands like Honasa Consumer’s Mamaearth and Investment Corporation of Dubai-backed snackmaker Slurrp Farm to display their brands alongside legacy names like Sunsilk and KitKat, robbing Unilever and Nestlé of their storied distribution edge.

Big groups also missed the boat on premiumisation. Indian consumers have become aspirational. That’s birthed whole categories from grooming products to pancake mixes that Unilever, Nestlé and their large rivals are struggling to compete in.

Amid these forces, consumer group boardrooms face two unpalatable choices. They can jack up prices to protect margins but are likely to lose market share in the hypercompetitive Indian market. Alternatively, they can sacrifice margins to boost growth but that means fewer spoils to share with investors.

The first option hardly seems feasible as smaller and more agile rivals are only likely to take more market share from larger groups. Meanwhile, demand for private labels is growing which will put even more pressure on pricing. For now, investors may have to accept lower margins as Unilever and Nestlé try to protect their businesses and invest more heavily in new products.

The risks are plain to see in these groups' valuations. HUL now trades at 47 times forward earnings, down from 65 times in 2021 and lagging supermarket chain Avenue Supermarts' AVEU.NS 69 times.

For now, there are no easy fixes. Launching their own quick commerce offerings makes little sense for consumer giants as users of the existing apps are proving increasingly sticky. A less immediate but more effective way to counter the loss of pricing power is to rejig their product mix. HUL and Nestlé will have to ensure their presence across categories and locations so that consumers rising up the value chain choose their brands over upstarts. A bigger investment in agile AI-enabled tracking of sales trends at mom-and-pop retailers could help with that.

Acquiring fast-growing brands is another option. HUL's 2025 purchase of personal care brand Minimalist valued its target at 9 times its trailing sales, on par with its own multiple. But buying one of India's top online platforms is out of the question: Eternal and Swiggy are delivery service-based companies that would be a clunky fit in these sprawling manufacturing businesses.

Businesses may also need to rethink marketing in a country where close to two-thirds of the population is under the age of 35 and shopping choices are increasingly based on influencer recommendations. HUL spent 10% of its revenue on sales and marketing in the year to March 2025, while its personal-care rival Honasa shelled out 57%. If the Unilever unit raised marketing spend by 10%, its EBITDA margin would go down 87 basis points, Breakingviews calculations based on Visible Alpha estimates show.

To be sure, all these options involve squeezing margins in the short term to ensure staying power in a crowded market. For now, consumer giants will have to add India to their growing list of fixer upper projects.

Follow Shritama Bose on LinkedIn and X

(Editing by Aimee Donnellan; Production by Aditya Srivastav)

((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Shritama Bose

MUMBAI, Jan 13 (Reuters Breakingviews) - India is piling into consumer giants’ basket of troubles. Unilever ULVR.L and Nestlé NESN.S are losing pricing power in the world’s fifth-largest economy amid growing competition from nimble upstarts. It’s an unwelcome headache for the groups that are trying to revive their more established markets in Europe and the U.S. With no easy fixes, the problem may require expensive remedies.

Consumer titans were once synonymous with boringly predictable earnings. But a recent bout of management churn and intense competition has made them about as predictable as the start-ups they are now battling for market share. Last February, $140 billion Unilever replaced its CEO Hein Schumacher with its finance chief Fernando Fernandez to accelerate its growth plans. It also grappled with rising commodity prices and spun out its ice cream unit at a disappointing valuation.

Nestlé is enduring an even trickier time. The $240 billion Kitkat maker is on its third CEO in less than three years and is dealing with a decline in sales in Europe and the U.S. These factors have weighed on the groups’ share prices which are flat versus the same period last year, underperforming Europe’s Stoxx 600 .STOXX which is up nearly 20% in the same period.

In ordinary times, these groups could rely on their Indian businesses to compensate. Indeed, historically they performed better than their parents’ businesses in developed markets. At its 2016 peak, sales at Nestlé India NEST.NS grew nearly 16%, eight times the pace of the Swiss group’s European business and four times that of its Americas unit. As recently as 2021, Hindustan Unilever HLL.NS was growing turnover at a punchy 18% as Europe and the Americas only managed under 5%.

But those dynamics are changing. During the year ended March 2025 sales at HUL grew just 2% , down from double digits two years earlier. Meanwhile, Nestlé ’s Indian business grew 1% in 2024. That run rate means India can barely contribute much more to these groups' top lines than it currently does - 2% and 11% for Nestlé and Unilever respectively.

More concerning for investors, however, is the effect this is having on these groups' profitability. EBITDA margins of Hindustan Unilever and Nestlé India are off pandemic-era peaks and could remain below those levels at least until 2027, according to forecasts compiled by Visible Alpha.

The bosses of these businesses blame the recent weakness on rising commodity prices and high inflation which, coupled with stagnating incomes in the aftermath of Covid, have diminished Indians’ purchasing power.

The danger for investors is the decline may intensify. Affluent urban Indians are increasingly shopping for essentials on e-commerce platforms Eternal ETEA.NS and Swiggy SWIG.NS, which use a network of mini warehouses to deliver everything from milk to umbrellas in 10 minutes. These apps enable challenger brands like Honasa Consumer’s Mamaearth and Investment Corporation of Dubai-backed snackmaker Slurrp Farm to display their brands alongside legacy names like Sunsilk and KitKat, robbing Unilever and Nestlé of their storied distribution edge.

Big groups also missed the boat on premiumisation. Indian consumers have become aspirational. That’s birthed whole categories from grooming products to pancake mixes that Unilever, Nestlé and their large rivals are struggling to compete in.

Amid these forces, consumer group boardrooms face two unpalatable choices. They can jack up prices to protect margins but are likely to lose market share in the hypercompetitive Indian market. Alternatively, they can sacrifice margins to boost growth but that means fewer spoils to share with investors.

The first option hardly seems feasible as smaller and more agile rivals are only likely to take more market share from larger groups. Meanwhile, demand for private labels is growing which will put even more pressure on pricing. For now, investors may have to accept lower margins as Unilever and Nestlé try to protect their businesses and invest more heavily in new products.

The risks are plain to see in these groups' valuations. HUL now trades at 47 times forward earnings, down from 65 times in 2021 and lagging supermarket chain Avenue Supermarts' AVEU.NS 69 times.

For now, there are no easy fixes. Launching their own quick commerce offerings makes little sense for consumer giants as users of the existing apps are proving increasingly sticky. A less immediate but more effective way to counter the loss of pricing power is to rejig their product mix. HUL and Nestlé will have to ensure their presence across categories and locations so that consumers rising up the value chain choose their brands over upstarts. A bigger investment in agile AI-enabled tracking of sales trends at mom-and-pop retailers could help with that.

Acquiring fast-growing brands is another option. HUL's 2025 purchase of personal care brand Minimalist valued its target at 9 times its trailing sales, on par with its own multiple. But buying one of India's top online platforms is out of the question: Eternal and Swiggy are delivery service-based companies that would be a clunky fit in these sprawling manufacturing businesses.

Businesses may also need to rethink marketing in a country where close to two-thirds of the population is under the age of 35 and shopping choices are increasingly based on influencer recommendations. HUL spent 10% of its revenue on sales and marketing in the year to March 2025, while its personal-care rival Honasa shelled out 57%. If the Unilever unit raised marketing spend by 10%, its EBITDA margin would go down 87 basis points, Breakingviews calculations based on Visible Alpha estimates show.

To be sure, all these options involve squeezing margins in the short term to ensure staying power in a crowded market. For now, consumer giants will have to add India to their growing list of fixer upper projects.

Follow Shritama Bose on LinkedIn and X

(Editing by Aimee Donnellan; Production by Aditya Srivastav)

((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))

Adds details throughout

Dec 10 (Reuters) - Nestle India's NEST.NS chief financial officer Svetlana Boldina will step down with effect from January 31, 2026, to take up a new position with a Nestle affiliate, the consumer firm said on Wednesday.

The management change comes at a time when Indian consumer majors such as Hindustan Unilever HLL.NS and Britannia BRIT.NS have reshuffled their top brass following several quarters of muted earnings.

In October, Nestle India posted a marginal rise in second-quarter profit and noted a gradual improvement in urban demand for items such as Maggi noodles and Nescafe coffee.

A new CFO will be announced shortly, the company said on Wednesday.

Boldina took the role in March 2023, having been part of the Nestle group for more than 25 years with experience spanning markets such as Russia and Indonesia.

(Reporting by Hritam Mukherjee and Ananta Agarwal in Bengaluru; Editing by Janane Venkatraman)

(([email protected]; X: @MukherjeeHritam;))

Dec 2 (Reuters) - Nestle India Ltd NEST.NS:

• NESTLE INDIA - RECEIVES TAX PENALTY OF 82.8 MILLION RUPEES

Source text: ID:nBSEbZ7r8M

Further company coverage: NEST.NS

(([email protected];))

** Nestle India NEST.NS extends gains to climb 1% to 1,289 rupees, its highest level in more than one year

** Stock rose as much as 5.3% on Thursday after the Maggi noodles maker reported higher quarterly profit, led by rebound in urban demand

** Centrum analysts call results a "positive surprise", highlighting a pick-up in revenue momentum and volume-led growth

** Results boosted by strong recovery in sales volumes, says ICICI Direct, adding softening coffee and cocoa prices to support margins in the second half
** Stock rated "hold" on avg; median PT is 1,210 rupees, per data compiled by LSEG

** YTD, stock up ~19% vs FMCG index's .NIFTYFMCG 1.2% decline

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

Oct 16 (Reuters) - Nestle India NEST.NS posted a marginal increase in second-quarter profit on Thursday, benefiting from improving urban demand for items such as Maggi noodles and Nescafe coffee.

The Indian arm of Swiss food major Nestle NESN.S said profit before exceptional items and tax rose to 10.29 billion rupees ($117.07 million) in the three months ended September 30 from 10.21 billion rupees a year ago.

($1 = 87.8987 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru and Praveen Paramasivam in Chennai; Editing by Janane Venkatraman)

(([email protected];))

Sept 30 (Reuters) - Nestle India Ltd NEST.NS:

• NESTLE INDIA LTD - NESTLÉ INDIA SIGNS MOU WITH MINISTRY FOR INVESTMENTS

• NESTLE INDIA - INVESTMENTS IN PROJECTS IN ODISHA, EXISTING MANUFACTURING LOCATIONS

Source text: ID:nBSE5dqlXy

Further company coverage: NEST.NS

([email protected])

Add details, context in paragraphs 2, 5, 7-14

By Nikunj Ohri and Aditi Shah

NEW DELHI, Sept 1 (Reuters) - India plans to cut consumption tax by at least 10 percentage points on nearly 175 products ranging from shampoos and hybrid cars to consumer electronics, two sources said, revealing new details of Prime Minister Narendra Modi's tax overhaul.

The biggest reform of the goods and services tax system in nearly a decade comes amid strained trade ties with the U.S., with Modi making repeated calls for increased use of Indian products. Modi first flagged his reform plan last month on Independence Day when he said he would make daily products cheaper for people in the world's fifth largest economy.

His proposal includes reducing goods and services tax (GST) on consumer items such as talcum powder, toothpaste and shampoo from 18% to 5%, which is likely to boost sales at companies like Hindustan Unilever HLL.NS and Godrej Industries GODI.NS.

Air conditioners and television sets could see GST drop from 28% to 18% ahead of the Diwali shopping season starting in October, when brands like Samsung 005930.KS, LG Electronics 066570.KS, and Sony 6758.T dominate sales.

India's GST council, which is headed by federal Finance Minister Nirmala Sitharaman and has representation from the country's states, is expected to finalise the list of items for tax cuts in a meeting on September 3-4.

The finance ministry did not immediately reply to an email seeking comments on this story.

The proposed tax cuts are also aimed at cushioning the expected fall in exports to the United States by boosting domestic consumption, helping raise farm incomes and encouraging self-reliance among Indian manufacturers.

India is planning to cut consumption tax on key export items like fertilisers, farm machinery and tractors and their parts to 5% from 12% or 18% at present. The reduction also extends to the textile sector - one of India's largest exporters - that has been hard hit by U.S. President Donald Trump's tariff blitz.

CARS AND COLAS

In a win for Japanese carmakers Toyota Motor 7203.T and Suzuki Motor 7269.T, Modi's government has proposed reducing GST on small petrol hybrid cars to 18% from 28%. The carmakers have for years lobbied for cuts to tax on a technology they say is cleaner than petrol cars.

Lowering the tax on hybrids, which use a combustion engine and electric motor to power the vehicle, will bring it closer to the 5% GST on electric cars.

Indian EV makers Tata Motors TAMO.NS and Mahindra & Mahindra MAHM.NS have previously expressed fears that reducing the tax on hybrids risks derailing the country's electrification ambitions.

The government has also proposed cutting the tax on motorcycles and scooters with an engine capacity of less than 350cc, which mainly includes commuter vehicles and covers 95% of close to 20 million two-wheelers sold in India last fiscal year by companies including Bajaj Auto BAJA.NS, Hero MotoCorp HROM.NS and TVS Motor TVSM.NS.

The proposed tax cuts are expected to lead to a resurgence in the sale of small cars in the world's third-largest automobile market - a boost for Maruti Suzuki MRTI.NS, India's largest carmaker, as well as rivals Hyundai Motor HYUN.NS and Tata Motors TAMO.NS.

However, bigger cars, categorised as those longer than 4 meters in length and with a large engine capacity, will see a higher GST of 40%, up from 28%, but the government is expected to lower additional levies to keep the overall rate the same at around 50%.

India is also considering raising rates on items like coal as well as services like betting, casinos and horse racing while maintaing levies on colas and other carbonated drinks made by the likes of PepsiCo PEP.O, Coca-Cola KO.N and homegrown Reliance Industries RELI.NS, despite calls for tax cuts.

(Reporting by Nikunj Ohri and Aditi Shah; editing by Toby Chopra and Mark Heinrich)

(([email protected]; +91 99109 33884;))

Rewrites throughout, updates stock moves

By Kashish Tandon and Chandini Monnappa

Aug 18 (Reuters) - Indian auto and consumer stocks rallied on Monday, with the auto index .NIFTYAUTO jumping nearly 5% to a 10-month high after the government's plans of sweeping tax cuts, including lower goods and services tax (GST) on small cars.

The government's plan to lower GST on small cars to 18% from 28%, among other changes, as part of tax reforms unveiled by Prime Minister Narendra Modi on Friday, is expected to spur demand and boost consumer spending.

The plans are likely to be announced by Diwali, a major, five-day Hindu festival in October and India's biggest shopping season as households traditionally splurge, leading to the country's consumption cycle peaking around the festival.

"These are strong tailwinds for the market with potential to take it higher," said VK Vijayakumar, chief investment strategist at Geojit Investments, calling the timing of the next major GST reforms a "big positive".

"Sectors like autos and cement, which are presently in the 28% tax slabs, are expected to benefit," he said.

Urban consumers have been tightening their belts in recent quarters, squeezed by high living costs and sluggish income growth. A cut in GST on small cars, the auto-market's most price-sensitive segment, could fire up festive season demand, giving middle-class buyers a break.

Auto stocks .NIFTYAUTO led sectoral gains on the Nifty 50 .NSEI index, and were set for their best day since June 5, 2024.

Maruti Suzuki MRTI.NS and Hyundai Motor India HYUN.NS jumped 8% and 9%, respectively, to a record high.

Additionally, the simpler two-rate structure - slabs of 5% and 18%, with the 12% and 28% slabs scrapped - would make a host of products cheaper, from butter and fruit juices to dry fruits, offering a lift to consumer goods firms and shoppers.

Consumption stocks such as Hindustan Unilever HLL.NS, Nestle India NEST.NS and Dabur DABU.NS gained between 4% and 7%, powering the FMCG index .NIFTYFMCG 1.8% higher.

(Reporting by Kashish Tandon and Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala and Janane Venkatraman)

(([email protected]; 8800437922;))

By Aditya Kalra

NEW DELHI, Aug 11 (Reuters) - From McDonald's and Coca-Cola to Amazon and Apple, U.S.-based multinationals are facing calls for a boycott in India as business executives and Prime Minister Narendra Modi's supporters stoke anti-American sentiment to protest against U.S. tariffs.

India, the world's most populous nation, is a key market for American brands that have rapidly expanded to target a growing base of affluent consumers, many of whom remain infatuated with international labels seen as symbols of moving up in life.

India, for example, is the biggest market by users for Meta's WhatsApp and Domino's has more restaurants than any other brand in the country. Beverages like Pepsi and Coca-Cola often dominate store shelves, and people still queue up when a new Apple store opens or a Starbucks cafe doles out discounts.

Although there was no immediate indication of sales being hit, there's a growing chorus both on social media and offline to buy local and ditch American products after Donald Trump imposed a 50% tariff on goods from India, rattling exporters and damaging ties between New Delhi and Washington.

McDonald's, Coca-Cola, Amazon and Apple did not immediately respond to Reuters queries.

Manish Chowdhary, co-founder of India's Wow Skin Science, took to LinkedIn with a video message urging support for farmers and startups to make "Made in India" a "global obsession," and to learn from South Korea whose food and beauty products are famous worldwide.

"We have lined up for products from thousands of miles away. We have proudly spent on brands that we don't own, while our own makers fight for attention in their own country," he said.

Rahm Shastry, CEO of India's DriveU, which provides a car driver on call service, wrote on LinkedIn: "India should have its own home-grown Twitter/Google/YouTube/WhatsApp/FB -- like China has."

To be fair, Indian retail companies give foreign brands like Starbucks stiff competition in the domestic market, but going global has been a challenge.

Indian IT services firms, however, have become deeply entrenched in the global economy, with the likes of TCS TCS.NS and Infosys INFY.NS providing software solutions to clients world over.

On Sunday, Modi made a "special appeal" for becoming self-reliant, telling a gathering in Bengaluru that Indian technology companies made products for the world but "now is the time for us to give more priority to India's needs."

He did not name any company.

DON'T DRAG MY MCPUFF INTO IT

Even as anti-American protests simmer, Tesla TSLA.O launched its second showroom in India in New Delhi, with Monday's opening attended by Indian commerce ministry officials and U.S. embassy officials.

The Swadeshi Jagran Manch group, which is linked to Modi's Bharatiya Janata Party, took out small public rallies across India on Sunday, urging people to boycott American brands.

"People are now looking at Indian products. It will take some time to fructify," Ashwani Mahajan, the group's co-convenor, told Reuters. "This is a call for nationalism, patriotism."

He also shared with Reuters a table his group is circulating on WhatsApp, listing Indian brands of bath soaps, toothpaste and cold drinks that people could choose over foreign ones.

On social media, one of the group's campaigns is a graphic titled "Boycott foreign food chains", with logos of McDonald's MCD.N and many other restaurant brands.

In Uttar Pradesh, Rajat Gupta, 37, who was dining at a McDonald’s in Lucknow on Monday, said he wasn’t concerned about the tariff protests and simply enjoyed the 49-rupee ($0.55) coffee he considered good value for money.

"Tariffs are a matter of diplomacy and my McPuff, coffee should not be dragged into it," he said.

(Reporting by Aditya Kalra; Additional reporting by Saurabh Sharma, Praveen Paramasivam and Aditi Shah)

((Email: [email protected]; X: @adityakalra;))

Aug 5 (Reuters) - Indian biscuit maker Britannia Industries BRIT.NS reported first-quarter profit below estimates on Tuesday.

The company, which sells 'Marie Gold' and 'Bourbon' biscuits, reported consolidated net profit of 5.21 billion rupees ($59.3 million).

Analysts, on average, had expected 5.7 billion rupees, as per data compiled by LSEG.

($1 = 87.8470 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru; Editing by Janane Venkatraman)

(([email protected];))

July 31 (Reuters) - Nestle India Ltd NEST.NS:

• NESTLE INDIA LTD - SURESH NARAYANA TO RETIRE AS CHAIRMAN AND MD OF NESTLÉ INDIA

Source text: ID:nBSE5bkznG

Further company coverage: NEST.NS

(([email protected];;))

** Nestle India NEST.NS falls more than 2% to hit a near 4-month low of 2,270 rupees

** Down for second straight session after posting a drop in Q1 profit

** "Past price hikes driven by broad-based inflation have weighed on performance amid demand stress," says Emkay Global Financial Services, which retained "reduce" rating on stock

** UBS lowers PT to 2,500 rupees from 2,650 rupees earlier, says earnings growth outlook remains lacklustre

** Analysts on avg recommend "hold" rating on stock; median PT 2,410 rupees, as per LSEG data

** YTD, NEST up 4.6%

(Reporting by Vivek Kumar M)

(([email protected];))

** Shares of Nestle India NEST.NS fall 2.6% to 2,387.8 rupees

** Shares dropped as much as 4.1% after results, they were trading about 0.1% higher ahead of the announcement

** Consumer goods maker posted first-quarter profit at 6.59 billion rupees ($76.37 million), down ~12% on-year from 7.47 billion rupees a year ago

** Stock top loser on the benchmark Nifty 50 index .NSEI, which is down 0.4%

** Session's losses trim YTD gains to ~9%

($1 = 86.2950 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

July 4 (Reuters) - Nestle India Ltd NEST.NS:

• NESTLE INDIA LTD - NESTLÉ INDIA APPROVES BONUS EQUITY SHARES IN 1:1 RATIO

Source text: ID:nNSEbFlyw5

Further company coverage: NEST.NS

(([email protected];))

July 2 (Reuters) - Nestle India Ltd NEST.NS:

• NESTLE INDIA LTD - ADDS NEW MAGGI NOODLES PRODUCTION LINE

• NESTLE INDIA LTD - INVESTMENT REQUIRED FOR CAPACITY ADDITION 1.05 BILLION RUPEES

• NESTLE INDIA LTD - CAPACITY ADDITION FINANCED THROUGH INTERNAL ACCRUALS

Source text: ID:nBSE8TN1tS

Further company coverage: NEST.NS

(([email protected];;))

June 26 (Reuters) - Nestle India Ltd NEST.NS:

• ISSUE OF BONUS EQUITY SHARES IN THE RATIO OF 1:1

Source text: ID:nBSElMyC3

Further company coverage: NEST.NS

(([email protected];;))

** Nestle India NEST.NS climbs 2.1% to 2,368 rupees, top gainer on FMCG index .NIFTYFMCG

** "Maggi" noodles maker says it will consider issue of bonus shares in board meeting on June 26

** Co did not specify quantum of issue

** NEST among five stocks on 15-member FMCG index rated "hold"; rest rated "buy" or higher - data compiled by LSEG

** YTD - NEST up 9% vs FMCG index 4% decline

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

June 19 (Reuters) - Nestle India Ltd NEST.NS:

• NESTLE INDIA - BOARD TO CONSIDER AND APPROVE BONUS SHARES PROPOSAL

Source text: ID:nBSEbFjQzS

Further company coverage: NEST.NS

(([email protected];))

April 24 (Reuters) - Nestle India NEST.NS reported a lower fourth-quarter profit on Thursday as high commodity costs weighed on its margins.

The Indian arm of Swiss food major Nestle NESN.S reported a standalone net profit of 8.85 billion rupees for the quarter ended March 31, compared with 9.34 billion a year ago.

($1 = 85.1660 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru and Praveen Paramasivam in Chennai; Editing by Sonia Cheema)

(([email protected];))

By Praveen Paramasivam

April 16 (Reuters) - Indian dairy firm Heritage Foods HEFI.NS will increase the prices of its products this financial year to offset rising costs such as fuel and raw material expenses, its CEO told Reuters.

Consumer goods majors, including Nestle India NEST.NS and Cinthol soapmaker Godrej Consumer Products GOCP.NS, are hiking prices to battle a double whammy of a slowdown in consumer spending and higher costs.

"The price increase will be across the board, not specifically on milk," Heritage CEO Srideep Kesavan said last week. "It will also be on paneer and other dairy products ... in line with covering our costs increase."

A one-litre pouch of Heritage toned milk is priced at 53 rupees (62 U.S. cents). The company intends to increase the price by 1 to 2 rupees, or 2%-4%, in the financial year that started on April 1.

In comparison, the prices of milk and milk products in India rose 2.6%-2.9% in the January-March quarter, still below the broader inflation rate, according to government data.

Heritage, which mainly caters to the Southern states, raised milk prices earlier this year, its first increase in nearly two years.

It also plans to expand its footprint this year to 350,000 stores from 250,000 currently, including deeper growth in existing markets such as Chennai.

PROTEIN DEFICIENCY IN INDIA

Dairy brands, from Amul to Milky Mist, have lately been highlighting the amount of protein on packages of everything from cottage cheese to curd as affluent Indians strive to meet daily protein requirements.

Surveys indicate a majority of Indians have a protein-deficiency due to a largely vegetarian diet.

But Heritage, according to Kesavan, will focus more on maintaining the taste of its products rather than reformulating its products to add more protein.

"Taste is more important than loud claims," he said.

($1 = 85.9450 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai; Editing by Sonia Cheema)

(([email protected]; +91 867-525-3569;))

April 3 (Reuters) - Nestle India Ltd NEST.NS:

• INITIAL INVESTMENT OF 9 BILLION RUPEES FOR NEW KHORDHA FACTORY

• NEW FACTORY TO MANUFACTURE PRODUCTS FROM ITS FOODS PORTFOLIO

Source text: ID:nBSE1sFCwl

Further company coverage: NEST.NS

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** Consumer stocks Hindustan Unilever HLL.NS and Nestle India NEST.NS drop 1.5% and 2.5%, respectively, after BofA downgrade

** BofA says, "Growth recovery for HLL seems to be far slower than we had imagined earlier"; downgrades to "neutral" from "buy"

** Cuts HLL's Q4 FY25 earnings estimate by 2% and FY26-FY27 earnings estimate by 4%-5%, citing macro and inflationary volatility

** Also downgrades NEST to "underperform" from "neutral", citing subdued growth, soft demand and cost pressures

** Says general softness in consumption continues with urban India slowdown, while rural recovery has been gradual

** YTD, HLL loses 4%, while NEST gains 3% vs a 6.3% drop in consumer index .NIFTYFMCG

(Reporting by Bharath Rajeswaran in Bengaluru)

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March 26 (Reuters) - Nestle India Ltd NEST.NS:

• NESTLE INDIA LTD - GETS TAX PENALTY OF 6.9 MILLION RUPEES

Source text: ID:nBSE2swCvc

Further company coverage: NEST.NS

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March 7 (Reuters) - Nestle India NEST.NS said on Friday it received a warning from the country's markets regulator for a breach of insider trading regulations "by a designated person of the company."

The Indian arm of Swiss food giant Nestle NESN.S said its compliance officer received an administrative warning letter from the Securities and Exchange Board of India (SEBI) on Thursday. But the firm stopped short of revealing the findings of the letter or the details of the person.

The company, which makes Maggi instant noodles, said there was no material impact on its financials, operations or other activities because of the incident.

Nestle India did not immediately respond to a Reuters' request for comment.

(Reporting by Praveen Paramasivam in Chennai; Editing by Sonia Cheema)

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By Haripriya Suresh

MUMBAI, Feb 24 (Reuters) - Nestle India NEST.NS will consider raising prices of its products by a small margin to counter inflation in coffee, cocoa and edible oil while aiming to keep sales coming in, a top executive said on Monday.

Profits at Corporate India came under pressure in the October-December quarter due to the double whammy of consumers cutting back due to inflation in large cities and high prices of commodities.

"Wherever (price increase) is absolutely essential, we will have to take some pricing action," Nestle India Managing Director Suresh Narayanan told Reuters at the sidelines of an industry conference in Mumbai.

The company, which makes the Nescafe brand of instant coffee, will keep the price hikes "as low as possible," Narayanan said, adding that "price increases are not the salvation for the industry because it impacts volume growth."

India's plan to cut personal income tax rates in fiscal 2026, unveiled earlier this month, is expected to put more disposable income in the hands of the people and eventually boost consumption.

Affluent consumers in India, however, have been splurging, including on hyperfast delivery platforms such as Swiggy's SWIG.NS Instamart, Zomato's ZOMT.NS Blinkit and upstart Zepto.

While these platforms have eaten into the market share of traditional sales channels in large cities, Nayaranan pinned the chances of them maintaining their growth rate on how the models work in the longer term, given they are still making a loss.

Last month, Nestle India, the Indian arm of the eponymous Swiss consumer goods giant NESN.S, reported a smaller-than-expected quarterly profit, hit by a slowdown in consumer spending in major cities and higher product prices.

(Reporting by Haripriya Suresh in Mumbai; Writing by Praveen Paramasivam in Chennai; Editing by Janane Venkatraman)

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ZURICH/GDANSK, Feb 13 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Thursday:

NESTLE NEST.NS

Nestle posted slightly better than expected full-year sales growth on Thursday as the world's biggest packaged food company raised prices for its coffees, chocolates and pet food.

CREDIT SUISSE

Bank of America BAC.N has doubled the size of its banking team in Switzerland, its CEO said, after Credit Suisse's collapse.

COMPANY STATEMENTS

* Barry Callebaut BARN.S - places dual-tranche EUR 1,750 mln bond

* DSM-Firmenich DSFIR.AS - posts full year results and sees adjusted EBITDA for 2025 at at least EUR 2.4 bln

* Idorsia LTD IDIA.S - publishes resolutions for upcoming bondholder meeting

* Santhera SANN.S - announces agreement with german GKV-SV on reimbursement amount for Agamree (Vamorolone)

* BCV BCVN.S - posts FY revenue of CHF 1.16 billion.

* Swisscom AG SCMN.S - Full-year earnings release due.

ANALYST'S VIEWS

GEBERIT AG GEBN.S - BERENBERG RAISES TO BUY FROM HOLD; RAISES TARGET PRICE TO CHF 604 FROM CHF 511

MEDACTA GROUP SA MOVE.S BERENBERG RAISES TARGET PRICE TO CHF 160 FROM CHF 150

ECONOMY

Swiss January CPI due at 0730 GMT. Seen -0.1 m/m, +0.4 y/y.

(Reporting by Zurich newsroom and Gdansk newsroom)

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Adds consumer, trade body and company reaction; updates shares

By Praveen Paramasivam and Sai Ishwarbharath B

CHENNAI/BENGALURU, Feb 1 (Reuters) - India's plans to cut personal income tax rates will put more disposable income in the hands of the people and eventually boost consumption in the world's fifth-largest economy, top executives said on Saturday.

The comments came after the government in its annual budget said that people earning up to 1.28 million rupees ($14,800) per year will not have to pay any taxes, raising its threshold from 700,000 rupees. It also cut tax rates for people earning above the new threshold.

Private consumption accounts for about 60% of India's gross domestic product.

Consumption in India has been under stress in the last few quarters as shoppers tightened their purse strings amid stubborn inflation and modest wage growth.

"Tax reforms benefiting the middle class will increase disposable income, further fuelling demand across essential and aspirational categories," Godrej Consumer Products' GOCP.NS CFO Aasif Malbari said.

The news boosted the shares of consumer goods .NIFTYFMCG, autos .NIFTYAUTO and realty .NIFTYREAL firms by 4.1%, 2.1% and 3%, respectively. It also pushed the shares of food delivery firms Zomato ZOMT.NS and Swiggy SWIG.NS 7.8% and 8.7% higher, respectively.

The government's plan is estimated to help around 25-30 million personal tax payers save about 100,000 rupees annually, according to Kamal Bali, managing director of Volvo Group India.

"It will boost discretionary capital spends like buying a vehicle. (People) will have better repaying capacity for EMIs," Bali told Reuters.

Others echoed the sentiment.

"The tax cut is going to be a helpful factor in accelerating demand for various kinds of consumer products," RC Bhargava, chairman of Maruti Suzuki India MRTI.NS, India's top carmaker, told TV channel ET Now.

The Federation of Automobile Dealers Associations (FADA), a trade body, expects the government's plan to make car upgrades affordable to more middle-class families, leading to higher demand for SUVs, sedans, and premium two-wheelers.

Some consumers welcomed the news.

"I would have one less stressful obligation since I would no longer have to pay taxes," Chennai-based software engineer S. Surya said, adding he planned to use the money he saved "on higher-quality essentials and restaurant visits".

Some others were less thrilled.

"They haven't reduced goods and services tax or petrol prices," Pranav Charan, another engineer, lamented.

($1 = 86.5360 Indian rupees)

(Reporting by Praveen Paramasivam, Sai Ishwarbharath B and Nishit Navin; Editing by Dhanya Skariachan and Sonia Cheema)

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** Shares of Nestle India NEST.NS climb 5.5% to 2,339 rupees, set for their best day since October 2020, if gains hold

** Stock is top gainer on benchmark Nifty 50 .NSEI and FMCG index .NIFTYFMCG, which are up ~2% and 0.9%, respectively

** The Maggi noodles maker missed Q3 results estimates, but analysts say the worst is behind for sector

** Results lower than estimates but show worst is behind for Nestle and the sector, says Abneesh Roy of Nuvama Institutional Equities

** Rival Tata Consumer's TACN.NS Q3 results also missed expectations but stock rose ~4% as analysts lauded its rev growth

** Meanwhile, Dabur India DABU.NS beat Q3 profit view on sustained rural demand

** Nestle India also declared a dividend of 14.25 rupees per share

** NEST among four stocks on 15-member FMCG index rated hold", rest rated "buy" or higher - LSEG data

** Stock down 5% since Q2 results in October

(Reporting by Kashish Tandon in Bengaluru)

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