
Nestle shares surge 4% on interim dividend plan, stock split proposal
The share price of Nestle India surged as much as 4.45% to hit an intraday high of ₹23,333.65.
The share price of Nestle India surged as much as 4.45% to hit an intraday high of ₹23,333.65.
The net profit of Colgate Palmolive Ltd stood at ₹273.68 crore, witnessing a growth of 30.52% as against ₹209.67 crore in the corresponding period of the previous year.
Nestle India declares interim dividend of ₹27 per equity share. It will be paid on and from 8th May 2023, along with the final dividend for 2022 of ₹75.0 per equity share
How legacy FMCG companies staged a comeback in their battle with new-age brands by investing in data-led strategies, acquisitions and premium product portfolio.
The BSE Sensex closed 524 points higher and the NSE Nifty rose 162 points in the one-hour special Muhurat trading session on Monday.
Nestle has launched its first-ever d2c platform -- MyNestle, which will offer curated product bundles, personalised gifting, subscriptions, and discounts. It’ll be launched in Delhi-NCR initially.
Suresh Narayanan is using innovation and technology to keep the company on a steady growth path.
The Sensex and Nifty are set to open higher on Thursday, mirroring gains in Asian markets and positive trends at SGX Nifty futures.
The Sensex and Nifty are set to start the day lower after global equities fell on worries over high-interest rates.
The dip in profit despite robust revenue figures was caused by the reformed pension scheme for certain employees of the company.