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.
Here are some of the stocks that may see significant price movement today: Godrej Consumer, Mahangar Gas, Jupiter Wagons, etc.
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