Nestle India Ltd News Today

The new factory is an initial investment of ₹900 crore in its first phase and will primarily manufacture prepared dishes and cooking aids from Nestlé India’s foods portfolio.

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This is a part of the company's total ₹5,800 crore capital expenditure plan from 2020 to 2025, made to increase its production and to cater to rising consumer demand

The company recorded an exceptional loss of ₹107 crore in the base quarter, which impacted the previous year’s comparison.

Cooking tools and prepared foods also continued to expand, with innovations accounting for almost 30% of the growth during the quarter.

Furthermore, Nestle India's shareholders authorised the continuation of a 4.5% royalty payment to its Swiss parent, Nestle.

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