Nestlé India is one of the largest players in India's fast-moving consumer goods sector and has a long history in the country. It reported a 24.69% year-on-year (YoY) rise in profit at Rs 736.64 crore for the March quarter compared with Rs 590.77 crore in the corresponding quarter last year.
Nestlé's Q1CY23 bottom line beat analyst forecasts of 13-20% growth. Nestlé India said it witnessed the highest growth in a quarter in the last 10 years, excluding an exceptional quarter in 2016 that was a one-off due to a low base in 2015.
Nestlé India is home to many well-known brands like Maggi, Nescafé, and a+ milk range. It is one of the leading companies in the world in the nutrition, health and wellness sectors. Nestlé shares are among the most expensive stocks in India.
Nestlé India share price has jumped more than 14,400% in the last 30 years. The stock has risen from Rs 137 in April 1993 to over Rs 20,663 as on April 25, 2023 closing.
Nestlé India Limited was incorporated in New Delhi on March 28, 1959 and was promoted by Nestle Alimentana S.A. via a wholly owned subsidiary, Nestle Holdings Ltd., Nassau, Bahama Islands.
Nestlé India built their first production facility in India in 1961 at Moga, in Punjab. Its second plant was set up at Choladi in Tamil Nadu, the plant was built primarily to process the tea grown in the area.
In 1989, Nestlé established a factory at Nanjangud in Karnataka. It entered the confectionery business in 1990 by introducing Nestlé premium chocolate.
In 1991, Nestlé India started the production of soya-based products through a joint venture with the BM Khaitan group. In 1995 and 1997, Nestlé established two facilities in Goa at Ponda and Bicholim respectively.
2006 marked the year when Nestlé India set up its 7th factory at Pantnagar in Uttarakhand. The company opened another plant in Karnataka in 2011 bringing up its total plants in India to eight.
In October 2020, Nestle India announced an investment of Rs 2,600 crore for a new plant at Sanand in Gujarat. Initial phase of production commenced in 2021. Nestlé India's market cap as of April 25, 2023 stood at Rs 1,99,223 crore.
Nestle India share commands a PE (price-to-earning) ratio of 83. Its 1-year beta is 0.6, signalling low volatility. Its 1-year return is 13.8% compared to the 3.6% return of Nifty50.
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