The shares of one of the largest Fast Moving Consumer Goods(FMCG) companies jumped 5 percent in the day’s trade after it declared a stock split of equity shares of the company in the ratio of 1:10.
At 11:35 a.m the shares of Nestle India Limited were trading at Rs. 25,520, up 4.79 percent from its previous day’s close price of Rs. 24,354.25 and its market capitalization is Rs. 2,45,660 Crores.
Nestle Industries Limited has announced the stock split of the company’s equity shares in the ratio of 1:10 where 1 equity share with a face value of Rs. 10 will be divided into 10 equity shares with a face value of Rs. 1 and January 5, 2024, is fixed as the Record date for being determining the entitlement of equity shareholders for the stock split.
It has launched over 110 new products over the last seven years with approximately 30 new projects in the pipeline. Some famous brands Nestle India sells are Maggi, Nescafe, Milo, Kitkat, ceregrow, and many more.
It has reported a return on equity (ROE) of 138 percent and a return on capital employed (ROCE) of 108 percent, it is making very good returns on its equity and capital employed.
The company’s revenue from operations grew 14.63 percent from Rs. 14,740.59 Crores in December 2021 to Rs. 16,896.96 Crores in December 2022, accompanied by increasing profits of Rs. 2,118.41 Crores to Rs. 2,390.52 Crores.
Nestlé India is the Indian subsidiary of Nestle which is a Swiss MNC, it is the world’s largest food and beverage company with more than 2000 brands ranging from global icons to local Favorites. It has a wide distribution network with More than 2,000 distributors, and 4500 suppliers over India.
Written by: Bharath K.S
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