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Neutral Nestlé India; target of Rs 23,900 : Motilal Oswal

Motilal Oswal recommended Neutral rating on Nestlé India with a target price of Rs 23,900 in its research report dated October 26, 2023.

Nestlé India enters into millets-based Ready-to-Make category

Nestle India is expanding its focus on millet-based products. It has already launched products such as Ceregrow grain selection with ragi, Milo Cocoa Malt with bajra and Koko Krunch millet-jowar breakfast cereals.

Nestlé India to invest Rs 4,200 crore by 2025 to ramp up capacity

Suresh Narayanan, Chairman and Managing Director of Nestlé India, says that the firm has invested nearly Rs 2,100 crore over the last three years

Nestlé to raise chocolate, coffee capacities in India

Nestlé India plans to invest ₹4,200 crore ($564 million) by 2025 to expand its manufacturing capacity for noodles, coffee, and chocolates in the country. The investment will help the company meet the demand for both mass and premium products.

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