Tag: Nestle India

Nestle eyes Rs 7,500 crore premiumisation opportunity in Indian market

4Feb

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Nestle eyes Rs 7,500 crore premiumisation opportunity in Indian market

New Delhi, February 04, 2025.FMCG major Nestle India will be leveraging the trend of premiumisation, where it sees a Rs 7,500 crore opportunity for the company, said its chairman and Managing Director Suresh Narayanan on Tuesday.Amidst the slowdown, particularly in urban consumption, Nestle India's premium products are outpacing category growth.According to Nestle, the company is witnessing premiumisation trend universally across urban and rural, the maker of Maggi, Kit Kat and Nescafe said in a presentation before analysts and institutional investors.

Nestle India shareholders reject proposal to hike royalty payment to parent firm

20May

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Feature, National News

Nestle India shareholders reject proposal to hike royalty payment to parent firm

New Delhi, May 2024.Shareholders of FMCG firm Nestle India Ltd have rejected a proposal by the company to increase royalty payment to its parent firm, according to a regulatory filing by the company.Nestle India’s board had last month approved increasing royalty payment to its parent firm Societe des Produits Nestle S.A (licensor) by 0.15 per cent per year for the next five years thereby enhancing it to 5.25 per cent of net sales.It had proposed to start the 0.15 per cent per annum increase over the current royalty fee of 4.5 per annum from July 1, 2024. Subsequently, it had sought approval from its shareholders of the same as an ordinary resolution through a postal ballot.In a regulatory filing, Nestle India said 57.18 per cent of the total votes were against the ordinary ...