Latest news with #Maggi-maker
Time of India
6 days ago
- Business
- Time of India
Nestle India shares rally 4% this week as Street cheers 1:1 bonus announcement
Shares of Maggi-maker FMCG firm Nestle India have surged 3.7% this week to touch a high of Rs 2,453.95 on the BSE, uplifted by the positive sentiment around the company's announcement of its first-ever 1:1 bonus shares issue for the shareholders. The board of directors of Nestle India, on Thursday, approved a 1:1 bonus share issue for its shareholders, stating that the record date to determine shareholder eligibility will be announced at a later time. 'This is to inform you that the Board of Directors of the Company, at its meeting held today i.e. 26th June 2025, inter-alia, considered and approved the following: 1. Issue of bonus equity shares in the ratio of 1:1, i.e., one (1) bonus equity share of face value of 1/- each for every one (1) fully paid-up equity share of face value of 1/- each, held by the members of the Company as on the record date,' said Nestle in its regulatory filing. Nestle India has also announced that the bonus shares will be credited or dispatched to eligible shareholders within two months, i.e., on or before August 25, 2025. According to data available on Trendlyne, this marks the first-ever instance of Nestle India issuing bonus shares to its shareholders. What is a 1:1 bonus share issue? A 1:1 bonus share issue means that for every one share an investor already holds, they will receive one additional share for free. It is a way for a company to reward its shareholders by increasing the number of shares they own, without changing the overall value of their investment. While the total number of shares doubles, the stock price is adjusted accordingly, so the overall market value remains the same. This move increases liquidity and may signal the company's confidence in its future earnings. Around 10:15 am today, the shares of Nestle India were trading flat at Rs 2,439.30 on the BSE. Also read: Rs 1 lakh crore selloff tsunami threatens Nifty rally as promoters, strategic investors exit ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
6 days ago
- Business
- Economic Times
Nestle India shares rally 4% this week as Street cheers 1:1 bonus announcement
Shares of Maggi-maker FMCG firm Nestle India have surged 3.7% this week to touch a high of Rs 2,453.95 on the BSE, uplifted by the positive sentiment around the company's announcement of its first-ever 1:1 bonus shares issue for the shareholders. ADVERTISEMENT The board of directors of Nestle India, on Thursday, approved a 1:1 bonus share issue for its shareholders, stating that the record date to determine shareholder eligibility will be announced at a later time. 'This is to inform you that the Board of Directors of the Company, at its meeting held today i.e. 26th June 2025, inter-alia, considered and approved the following: 1. Issue of bonus equity shares in the ratio of 1:1, i.e., one (1) bonus equity share of face value of 1/- each for every one (1) fully paid-up equity share of face value of 1/- each, held by the members of the Company as on the record date,' said Nestle in its regulatory filing. Nestle India has also announced that the bonus shares will be credited or dispatched to eligible shareholders within two months, i.e., on or before August 25, to data available on Trendlyne, this marks the first-ever instance of Nestle India issuing bonus shares to its shareholders. ADVERTISEMENT A 1:1 bonus share issue means that for every one share an investor already holds, they will receive one additional share for free. It is a way for a company to reward its shareholders by increasing the number of shares they own, without changing the overall value of their the total number of shares doubles, the stock price is adjusted accordingly, so the overall market value remains the same. This move increases liquidity and may signal the company's confidence in its future earnings. ADVERTISEMENT Around 10:15 am today, the shares of Nestle India were trading flat at Rs 2,439.30 on the BSE. Also read: Rs 1 lakh crore selloff tsunami threatens Nifty rally as promoters, strategic investors exit (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
7 days ago
- Business
- Economic Times
Nestle India Bonus Issue: Board approves first-ever 1:1 bonus; shares up 1%
Nestle India has also announced that the bonus shares will be credited or dispatched to shareholders within two months, by or before August 25, 2025. According to data from Trendlyne, this marks the first time the company has issued bonus shares to its shareholders. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The board of directors of Maggi-maker Nestle India on Thursday approved a 1:1 bonus share issue for its shareholders, informing that the record date to determine the shareholder eligibility will be announced in due this, the shares of the company were trading 1% higher at Rs 2,430 on the is the first-ever instance of the company issuing bonus shares to its shareholders, according to the data available on Trendlyne.'This is to inform you that the Board of Directors of the Company, at its meeting held today i.e. 26th June 2025, inter-alia, considered and approved the following: 1. Issue of bonus equity shares in the ratio of 1:1, i.e., one (1) bonus equity share of face value of 1/- each for every one (1) fully paid-up equity share of face value of 1/- each, held by the members of the Company as on the record date,' the company said in its exchange means that the shareholders will now receive an additional share of the company for each share that they already hold in their demat India has also informed that the bonus shares would be credited/dispatched to the shareholders within 2 months, which is on or before August 25, India 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 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 by the rapid growth of quick commerce, e-commerce contributed 8.5% to Nestlé India's domestic sales in the past one year, the shares of Nestle India have declined by 4.13%. However, it has shown strong recovery in recent periods, gaining 11.98% year-to-date (YTD), 12.97% over the last six months, and 8.30% in the past three months. In contrast, the stock slipped slightly by 0.97% over the past one month.
Time of India
7 days ago
- Business
- Time of India
Nestle India board approves 1:1 bonus share issue, stock up 1%
The board of directors of Maggi-maker Nestle India on Thursday approved a 1:1 bonus share issue for its shareholders, informing that the record date to determine the shareholder eligibility will be announced in due course. Following this, the shares of the company were trading 1% higher at Rs 2,430 on the BSE. 'This is to inform you that the Board of Directors of the Company, at its meeting held today i.e. 26th June 2025, inter-alia, considered and approved the following: 1. Issue of bonus equity shares in the ratio of 1:1, i.e., one (1) bonus equity share of face value of 1/- each for every one (1) fully paid-up equity share of face value of 1/- each, held by the members of the Company as on the record date,' the company said in its exchange filing. This means that the shareholders will now receive an additional share of the company for each share that they already hold in their demat account. Nestle India has also informed that the bonus shares would be credited/dispatched to the shareholders within 2 months, which is on or before August 25, 2025. Live Events This is the first-ever instance of the company issuing bonus shares to its shareholders, according to the data available on Trendlyne. Nestle India Q4 results Nestle India 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. 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. Propelled by the rapid growth of quick commerce, e-commerce contributed 8.5% to Nestlé India's domestic sales in FY25. Nestle India share price history Over the past one year, the shares of Nestle India have declined by 4.13%. However, it has shown strong recovery in recent periods, gaining 11.98% year-to-date (YTD), 12.97% over the last six months, and 8.30% in the past three months. In contrast, the stock slipped slightly by 0.97% over the past one month.
Economic Times
19-06-2025
- Business
- Economic Times
Nestle board to meet on June 26 to consider bonus share issue
Nestle India will consider a bonus share issue on June 26. Q4 net profit dipped 5.2% YoY to ₹885 crore, while revenue rose 4.5%, slightly beating expectations. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 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, 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 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 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 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 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%.
