Nestle India jumps after tie up with Flipkart to launch new Maggi variant
23 - Aug - 2018 12:00 AM | 28 days ago
The announcement was made after market hours on Tuesday, 21 August 2018.
Meanwhile, the S&P BSE Sensex was down 17.05 points, or 0.04% to 38,268.70.
On the BSE, 5,467 shares were traded in the counter so far compared with average daily volumes of 13,000 shares in the past two weeks. The stock had hit a high of Rs 11,373.60 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 10,885 so far during the day. The stock hit a 52-week low of Rs 6,585 on 24 August 2017.
As a part of the partnership, from August 21 consumers can pre-book MAGGI Special Masala Noodles on Flipkart, this product will also be available exclusively on Flipkart from August 25 - 30, following which it will be available nationwide through Nestle's strong distribution reach.
Net profit of Nestle India rose 49.96% to Rs 395.03 crore on 12.24% rise in net sales to Rs 2678.57 crore in Q2 June 2018 over Q2 June 2017.
Nestle India is a subsidiary of Nestle S.A. of Switzerland. Nestle is the world's largest food and beverage company. It has more than 2000 brands ranging from global icons to local favourites.
Nestle India partners with Flipkart to launch MAGGI Special Masala Noodles
21 - Aug - 2018 12:00 AM | 30 days ago
Nestle India has announced that it will partner with Flipkart to launch MAGGI Special Masala Noodles, that epitomizes the flavours of India and brings with it the goodness of 20 finely ground and whole spices, roasted to perfection. As a part of the partnership, from 21 August 2018 consumers can pre-book MAGGI Special Masala Noodles on Flipkart, this product will also be available exclusively on Flipkart from 25 - 30 August, following which it will be available nationwide through Nestle's strong distribution reach.
Nestle India announced that the Board of Directors of the Company at its meeting held on 3 August 2018, inter alia, have recommended the interim dividend of Rs 20 per equity Share (i.e. 200%) , subject to the approval of the shareholders.
Nestle India standalone net profit rises 49.96% in the June 2018 quarter
03 - Aug - 2018 12:00 AM | 48 days ago
Net profit of Nestle India rose 49.96% to Rs 395.03 crore in the quarter ended June 2018 as against Rs 263.43 crore during the previous quarter ended June 2017. Sales rose 12.24% to Rs 2678.57 crore in the quarter ended June 2018 as against Rs 2386.54 crore during the previous quarter ended June 2017.
