Shares of Nestle India climbed 1.6% on the National Stock Exchange on June 20, today, as the fast moving consumer goods firm late June 19 announced that its board of directors will be meeting next week to consider bonus issue of shares. The company intimated the exchanges of the meeting which is scheduled to take place on June 26.
If the board approves the bonus issue, it will be the first ever in the company's history since it was listed on the Indian bourses. In January last year, Nestle India undertook a 1:10 stock split. Along with the latest quarter financial results, the FMCG company also informed that its board had recommended a final dividend of ₹10 per equity share for the financial year ended March 2025.
The stock closed 1% lower on the National Stock Exchange on June 19. At the close, the stock was over 16% lower than the 52-week high level mark, while just 10% above its 52-week low level, which it touched in March this year. The stock has lost 9% in the last one year and 3.7% in the last one month. However, the FMCG stock has gained 7% in 2025 so far.
Nestle India reported a standalone net profit of ₹885.4 crore for the fourth quarter of FY25, marking a decline of over 5% on year. On the other hand, its sales improved during the quarter by over 4% year-on-year to ₹5,503.88 crore. Nestle India’s total and domestic sales grew by 4% each.
The turnover of FMCG major has grown 2.5 times to ₹20,100 crore in last decade, post the Maggi crisis in 2015, according to the company's annual report. At the time of the crisis, Nestle India's turnover was at ₹8,100 crore. In June 2015, FSSAI banned Nestle's instant noodles Maggi, for allegedly containing lead beyond permissible limits.
