Nestle India Ltd is a Large Cap company (with market capital of Rs 144390.25 Crore) engaged inthe food business, it has a presence in milk & nutrition, beverages, prepared dishes & cooking aids, chocolate & confectionery segments.
NestleIndia manufactures products under internationally famous brand names such as Nescafe, Maggi, Milkybar, Milo, Kit Kat, Bar-One, Milkmaid and Nestea and in recent years the Company has also introduced products of daily consumption and use such as NestleMilk, NestleSlim Milk, NestleDahi and NestleJeera Raita.
The company has 8 manufacturing facilities across the country (In August 2019, Nestle India announced the commencement of construction of its ninth factory in India at Sanand, Gujarat), there is four branch offices which arelocated in Delhi, Mumbai, Chennai and Kolkata. The company’s head office is located in Gurgaon, Haryana.
Nestle India Limited was incorporated in 1959, the current Chairman & Managing Director is Mr. Suresh Narayananand the company’s top management includes Dr.Rakesh Mohan, Dr.Swati A Piramal, Mr.Martin Roemkens, Mr.Rajya Vardhan Kanoria, Mr.Shobinder Duggal, Ms.Rama Bijapurkar& Ms.Roopa Kudva.
Revenues grew by nearly 10% year-on-year, for the nine months ended September 30, 2019, supported by healthy volumes and new product launches.
Contribution of new products to domestic sales improved to 3.7% for the six months ended through June 2019, from 3% in the corresponding period of 2018.
Operating margins have moderated marginally by 100 basis points to 23.7% for the for the nine months ended September 30, 2019 on the back of higher input costs mainly milk and milk derivatives, and wheat.
CRISIL has reaffirmed its ‘CRISIL AAA/Stable/CRISIL A1+’ ratings on Nestle India Limited (Nestle India’s) long-term and short-term debt programme and bank loan facilities.
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