Nestle board to meet on June 26 to consider bonus share issue
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FMCG major Nestle India will hold a board meeting on June 26, 2025, to consider and approve a proposal for issue of bonus shares. The trading window for dealing in the securities of the company will remain closed from June 19, 2025 to June 28, 2025.The company informed about the development after market hours and shares of Nestle India today ended at Rs 2,313.30 on the NSE, down by Rs 27.50 or 1.17% over the Wednesday closing price.The Maggi-maker reported a 5.2% year-on-year (YoY) decline in standalone net profit to Rs 885 crore for the March quarter, while revenue from operations rose 4.5% YoY to Rs 5,504 crore. Both figures came in slightly above Street estimates.The total sales and domestic sales for the quarter increased by 3.7% and 4.2%, respectively, with the company saying that the domestic sales growth was broad-based.In its outlook, Nestlé India had said that the commodity prices remain firm for coffee, while cocoa prices, though corrected, continue to stay elevated. "Prices remain stable for edible oils. Milk prices have firmed up cyclically with the onset of summer."In FY25, powdered and liquid beverages were the largest growth contributors, posting high double-digit growth. The confectionery segment grew at a high single-digit pace in both value and volume, driven by KITKAT, for which India is the second-largest market globally.Nestle India shares have underperformed the markets witnessing an 8% slide in the past one year. In 2025, its gains have been to the tune of 7%. In contrast Nifty has yielded over 5% returns in the past 12 months while its year-to-date returns stand at 4.4%.
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