NESTLE INDIA: FAST GROWTH
Article Abstract:
Nestle India Ltd (NIL) proposes to launch 30 products each year till 2000 AD. In the first quarter of 1998-99, it posted a 30 percent growth in sales and declared an interim dividend of 25 percent. In the first half of 1998-99, it is expected to post sales of Rs815 crore (Rs625 crore in the same period of 1997-98). Its net profit is likely to be Rs40 crore (Rs22 crore) in the first half of 1998-99. It is projected to post a net profit of Rs80.4 crore for 1998-99. NIL is in the confectionery business. (rk) ------------------------------------------------------------ Financial results of Nestle India Ltd ------------------------------------------------------------ Particulars March 1997 March 1996 (Rs in crore) ------------------------------------------------------------ Gross sales 1,370.84 1,148.98 ------------------------------------------------------------ Gross profit 174.71 132.87 ------------------------------------------------------------ Interest 50.51 50.58 ------------------------------------------------------------ Depreciation 27.47 22.66 ------------------------------------------------------------ Tax 22.40 6.78 ------------------------------------------------------------ Net profit 74.33 52.85 ------------------------------------------------------------ Equity 96.42 96.42 ------------------------------------------------------------ EPS (Rs) 7.71 5.48 ------------------------------------------------------------ Dividend (%) 60.00 45.00 ------------------------------------------------------------ Book value (Rs) 26.85 25.85 ------------------------------------------------------------
Comment:
Proposes to launch 30 products each year till 2000 AD
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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Sugar-free confectionery
Article Abstract:
The UK market for sugar-free confectionery is predicted to improve by 81%, during 1997-2201, at 1997 prices. Sales are forecasted to be worth 315 million pounds sterling, by 2001. Sales of sugar confectionary, which includes sugar-free varieties, were worth around 1.6 billion pounds sterling, in 1997, compared to total sales of confectionery, worth 5.2 billion pounds sterling. Sales of sugar-free confectionery were worth 174 million pounds sterling, in 1997. The best selling sugar-free confectionery product is gum, which accounted for almost 80% of all sales, in 1997.
Publication Name: Market Research Great Britain
Subject: Business, international
ISSN: 0308-3047
Year: 1998
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Mars yet to assign local brands; no formal media review
Article Abstract:
Mars is reshuffling brands such as Bounty between roster agencies to achieve creative freshness. More media changes are possible as there are many national Mars brands that have not yet been assigned. Mars recently withdrew $400 million worth of billings from Saatchi & Saatchi and Bates. The company has chosen Merkley Newman Harty of New York to handle US domestic brands.
Publication Name: Euromarketing
Subject: Business, international
ISSN: 0952-3820
Year: 1995
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