Nestle India shares in focus after new Maggi noodles line added at Sanand plant
ADVERTISEMENT The expansion is part of Nestlé India's broader capital expenditure plan, which includes both greenfield and brownfield projects from 2020 to 2025. The Sanand plant currently has a total annual capacity of around 1,00,700 tonnes and is operating at 77% utilisation.
In a regulatory filing, the company said the investment will be funded through internal accruals and is aligned with its long-term strategy to meet future demand for Maggi noodles. Sanand is one of several Nestlé India facilities manufacturing Maggi products across the country.
This capacity expansion comes just a week after the board approved the company's first-ever bonus issue in a 1:1 ratio, subject to shareholder approval.
Also Read: 10 Nifty smallcaps with up to 29 buy calls; analysts see up to 26% upside
For the March quarter, Nestlé India reported a 5.2% year-on-year (YoY) decline in standalone net profit to Rs 885 crore, while revenue from operations rose 4.5% YoY to Rs 5,504 crore. Both figures slightly exceeded analyst estimates.
ADVERTISEMENT Total and domestic sales grew 3.7% and 4.2%, respectively, with the company highlighting broad-based growth in domestic sales.According to Trendlyne, the average target price for Nestlé India shares is Rs 2,624, indicating an upside of nearly 10% from current levels. The stock holds a 'Hold' rating from 35 analysts.
ADVERTISEMENT In Wednesday's session, shares of Nestlé India ended 0.9% lower at Rs 2,388.20. The stock is down 6% over the past year, though it has gained 10% year-to-date in 2025. Over the past two years, it has delivered muted returns of around 4%.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
(You can now subscribe to our ETMarkets WhatsApp channel)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
15 minutes ago
- Indian Express
Crizac IPO: Last day subscription alert today! check allotment and listing date
CRIZAC IPO: Today (Friday, July 4) is the third and last day for the subscription of initial public offering (IPO) of CRIZAC Limited. The Rs 860-crore IPO of CRIZAC Limited was opened on July 2 (Wednesday). According to the NSE, the initial share sale of Crizac IPO received bids for 7,09,51,174 shares against 2,58,36,909 shares on offer so far, till 10:02 am. On Thursday, the Crizac IPO received 2.75 times subscription. The category for non-institutional investors fetched 6.28 times subscription while Retail Individual Investors (RIIs) part got subscribed 2.71 times. The Qualified Institutional Buyers (QIBs) portion received 15 per cent subscription, reports PTI. The price band of Crizac IPO has been fixed at Rs 233-245 share. According to the details available, the Crizac IPO is slated to be finalised on July 7. The allotment status will be released online on the official website of the registrar — MUFG Intime India Private Limited. Additionally, the allotment status will also be made available on the official websites of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Crizac Limited's shares are proposed to be listed on NSE, and BSE. The listing will likely take place on July 9. The face value of Crizac IPO is Rs 2 per equity share and the tick size is Re 1. Equirus Capital Private Limited and Anand Rathi Advisors Limited are the book running lead managers for Crizac IPO. HDFC Bank Limited and ICICI Bank Limited are the sponsor banks for the Crizac IPO. According to PTI, the Crizac Limited is a Kolkata-based B2B education platform for agents and global institutions, offering international student recruitment solutions to global institutions of higher education in the UK, Ireland, Canada, Australia and New Zealand.
News18
16 minutes ago
- News18
Gold Price Today In India, July 4: Yellow Metal Gains On MCX
Last Updated: Gold Prices Today, July 4: In Mumbai, the price of gold stands at Rs 90,500 per 10 grams for 22-carat and Rs 98,730 per 10 grams for 24-carat. Gold Prices In India Today, July 04: Gold prices in India rose on Friday after US President Donald Trump's tax-cut and spending bill passed in Congress, raising fiscal concerns. In Mumbai, the price of gold stood at Rs 90,500 per 10 grams for 22-carat and Rs 98,730 per 10 grams for 24-carat. The silver price stood at Rs 1,10,000 per kg in Mumbai. In the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading higher at Rs 97,110 per 10 gram, up by 0.34%, whereas silver (expiring on September 5, 2025) saw a gain of 0.12% to trade at Rs 1,08,370 per kg. What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities? City 22K Gold (per 10gm) 24K Gold (per 10gm) Delhi Rs 90,650 Rs 98,880 Jaipur Rs 90,650 Rs 98,880 Ahmedabad Rs 90,550 Rs 98,780 Patna Rs 90,550 Rs 98,780 Mumbai Rs 90,500 Rs 98,730 Hyderabad Rs 90,500 Rs 98,730 Chennai Rs 90,500 Rs 98,730 Bengaluru Rs 90,500 Rs 98,730 Kolkata Rs 90,500 Rs 98,730 In the international market, spot gold rose 0.1% to $3,329.67 per ounce, as of 0221 GMT. Bullion is up 1.7% this week. US gold futures inched down 0.1% at $3,339.30. Trump's tax-cut legislation cleared its final hurdle in the U.S. Congress on Thursday, which will fund his immigration crackdown, make his 2017 tax cuts permanent and deliver new tax breaks that he promised during his 2024 campaign. Through this bill 'we're not making any progress on getting our fiscal house in order here in the U.S., so in longer run, it should be bearish for the dollar and bullish for gold," Marex analyst Edward Meir said. The nonpartisan Congressional Budget Office estimates the legislation would add $3.4 trillion over a decade to the nation's $36.2 trillion debt. What Factors Affect Gold Prices In India? First Published: July 04, 2025, 10:08 IST
Time of India
17 minutes ago
- Time of India
Artha Global invests Rs 700 crore in Hyderabad's Phoenix Triton project
AI Image (TIL creatives) HYDERABAD: Artha Global Opportunities Fund, a Rs 5,000-crore category III alternative investment fund (AIF) operating out of GIFT City, has made its maiden private credit investment in India with Rs 700 crore to fund the completion of the Phoenix Triton project in Hyderabad. The investment in the 2.8 million square feet commercial real estate project located on a 3.15-acre parcel of land in Financial District, is structured as a four-year non-convertible debenture (NCD). With this investment, the fund said it is pioneering a variable return model that is directly linked to the project's sales performance. With a floor and cap interest rate, the returns ease cash flow pressures on the developer while offering attractive upside potential for investors, it explained. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad "As we debut the first private credit investment from our over Rs 5,000 crore Artha Global Opportunities Fund, we are bringing to the market innovative structures that solve real-world challenges faced by Indian entrepreneurs. This structured funding for the Phoenix Global Spaces project will provide last-mile financing for a Grade A project nearing completion," said Sachin Sawrikar, managing partner, Artha Bharat Investment Managers IFSC LLP.
