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Nestle India Q4 Results: Nestle said its board approved execution of a definitive agreement to form a joint venture with Dr Reddy s Laboratories. The partners intend to bring together a global range of nutritional health solutions as well as vitamins, minerals and health supplements of Nestle Health Science. The joint venture is expected to become operational in the second quarter of the financial year 2024-25, subject to customary closing conditions, the FMCG firm said. ....
Nestle India delivers the highest growth in a quarter in the last decade. In Q1 of 2023, the company s PAT stood at ₹737 crore up by 24.7% YoY, while net sales soared by 21.3% YoY to ₹4,808 crore. Also, the company posted double-digit growth across all products in the last four quarters. ....
The addition of the iconic Ching s brand to Maggi-maker Nestle India s basket will be a further boost to its market leadership, believe analysts but some have valuation concerns. ....
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