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Nestlé India

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Nestlé India is an Indian food and beverage company, headquartered in Gurugram, Haryana, India. A subsidiary of Swiss multinational Nestlé S.A., which holds a 62.76% stake, it was incorporated in 1961 and operates in segments including milk products, prepared dishes, beverages, and confectionery.[3] Known for brands like Maggi, Nescafé, KitKat, and Milkmaid, Nestlé India is a leading player in India’s fast-moving consumer goods (FMCG) sector, with a market capitalization of approximately ₹2.24 trillion (US$27 billion) as of 2024.[3]

Nestlé India
Company typePublic
BSE: 500790
NSE: NESTLEIND
IndustryFood and Beverage
Founded1961
HeadquartersGurugram, Haryana, India
Key people
Manish Tiwary (Managing Director, effective August 2025)
Suresh Narayanan (Chairman and Managing Director, retiring July 2025)
RevenueUS$2.45 billion (2023–24)[1]
Number of employees
7,600 (2024)[2]
ParentNestlé S.A. (62.76% stake)
Websitewww.nestle.in

History

Founding and Early Growth

Nestlé India was established in 1961 as a wholly-owned subsidiary of Nestlé S.A. to manufacture and sell milk products and infant foods.[4] Its first product, Maggi noodles, launched in 1983, became a household name.[4] By the 1990s, the company expanded into beverages and confectionery, introducing brands like Nescafé and KitKat.[5] The company went public in 1990, listing on the Bombay Stock Exchange and National Stock Exchange of India.[2]

Expansion and Challenges

Nestlé India’s growth was driven by distribution expansion and new product launches, with Maggi noodles leading market share in instant noodles.[6] In 2015, a lead contamination controversy led to a temporary ban on Maggi noodles, causing significant financial and reputational damage.[7] The brand was relaunched in 2016 after regulatory clearance, regaining market leadership.[6] Between 2020 and 2025, Nestlé India invested ₹6,500 crore to expand manufacturing and distribution networks.[8]

Recent Developments

In FY 2023–24, Nestlé India reported a 15% revenue increase to ₹20,202 crore (US$2.45 billion) and a net profit of ₹3,208 crore, despite challenges like food inflation and muted demand.[3][1] In January 2024, the company executed a 1:10 stock split, reducing the face value from ₹10 to ₹1 per share.[8] In April 2025, Nestlé India announced a ₹10 per share final dividend and appointed Manish Tiwary as Managing Director, effective August 2025, succeeding Suresh Narayanan.[3][9] The company also acquired a minority stake in pet food brand Drools India in 2025 to expand its portfolio.[10][](https://x.com/CNBCTV18News/status/1926936676376478132)

Operations

Nestlé India operates eight manufacturing facilities across Haryana, Punjab, Himachal Pradesh, Karnataka, Goa, Tamil Nadu, and Uttar Pradesh.[2] Its product portfolio includes:

The company serves domestic and export markets, with products sold in over 20 countries, including South Asia and the Middle East.[2] Nestlé India emphasizes sustainability, aiming to reduce greenhouse gas emissions by 20% by 2025 and achieve 100% deforestation-free supply chains for key commodities.[11]

Financial Performance

In FY 2023–24 (15-month period ending March 2024), Nestlé India reported revenue of ₹20,202 crore and a net profit of ₹3,208 crore, with a profit margin of 15.9%.[3] Domestic sales grew by 14.6% year-on-year, driven by Maggi, Nescafé, and KitKat.[8] However, the company faced challenges from rising commodity prices, leading to a 7% profit increase to ₹934 crore in Q1 2024.[1] The stock traded at ₹2,395 in October 2024, down 8.2% year-on-year, reflecting concerns over slowing growth.[3][](https://x.com/ETPrime_com/status/1927582123226964144)

Sustainability and Social Responsibility

Nestlé India aligns with Nestlé S.A.’s “Good Food, Good Life” mission, focusing on nutrition, health, and sustainability.[8] Initiatives include reducing virgin plastic use by one-third by 2025 and supporting 10 million young people through the Nestlé needs YOUth Initiative by 2030.[11] The company faced criticism over water extraction practices, prompting sustainability leadership changes, with Himmat Singh appointed Head of Corporate Affairs and Taruna Saxena as Head of Sustainability in 2025.[8][](https://x.com/grok/status/1927719273356750900)

External Links

References

  1. ↑ 1.0 1.1 1.2 "Nestle India net profit up 7 pc to Rs 934 crore in March 2024 quarter". The Economic Times. 25 April 2024. Retrieved 30 May 2025.
  2. ↑ 2.0 2.1 2.2 2.3 "About Nestlé India". Nestlé India. Retrieved 30 May 2025.
  3. ↑ 3.0 3.1 3.2 3.3 3.4 3.5 3.6 "Nestle India Ltd share price". Screener. 16 October 2024. Retrieved 30 May 2025.
  4. ↑ 4.0 4.1 "Nestlé India Limited: History, Ownership, Mission". DCFmodeling. 19 December 2024. Retrieved 30 May 2025.
  5. ↑ "Nestlé India: 60 years of nourishing India". Livemint. 15 June 2023. Retrieved 30 May 2025.
  6. ↑ 6.0 6.1 "Nestlé India: Growth and Challenges". Forbes India. 20 September 2023. Retrieved 30 May 2025.
  7. ↑ "Maggi ban costs Nestlé India Rs 450 crore". Hindustan Times. 10 November 2015. Retrieved 30 May 2025.
  8. ↑ 8.0 8.1 8.2 8.3 8.4 "Nestle India Limited: History, Latest Updates, Milestones". Enrich Money. 19 December 2024. Retrieved 30 May 2025.
  9. ↑ "Nestlé India appoints Manish Tiwary as MD". CNBC-TV18. 25 April 2024. Retrieved 30 May 2025.
  10. ↑ "Nestlé India picks up minority stake in Drools India". CNBC-TV18. 26 May 2025. Retrieved 30 May 2025.
  11. ↑ 11.0 11.1 "Nestlé Annual Report 2024". Nestlé Global. 22 February 2024. Retrieved 30 May 2025.
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