Nestle India Limited (NESTLEIND) — Board Meeting | 24 July 2025(3 announcements)

Nestlé India announced the appointment of Mr. Manish Tiwary as Chairman and Managing Director, effective 1st August 2025. Tiwary, aged 55, brings 30 years of experience in e-commerce and consumer goods, including 8+ years at Amazon India as Country Manager and a 20-year tenure at Unilever across sales, marketing, and general management roles. His appointment was approved by shareholders at the 66th Annual General Meeting on 26th June 2025.

Nestlé India held its 66th AGM on June 26, 2025, approving a 1:1 bonus share issue benefiting 160,000+ small shareholders. The decade review (2015–2025) highlighted ₹6,500 crore capex commitment with ₹5,600 crore deployed, including ₹950 crore Odisha and ₹1,100 crore Sanand factory expansions. All seven resolutions passed with 99.94% approval, including ₹10 final dividend per share. Leadership transition approved: Manish Tiwary becomes Managing Director effective August 1, 2025. Revenue CAGR reached 10.3% over the decade; PAT grew 490%.

Nestlé India reported Q1 FY2025-26 results with 5.9% sales growth to ₹5,074 crore and net profit of ₹659.2 crore, driven by volume growth across beverages, prepared dishes, and confectionery despite commodity headwinds. The Board approved a ₹10 final dividend per share (payable July 24, 2025) and announced leadership transition: Manish Tiwary becomes Chairman and Managing Director effective August 1, 2025, replacing retiring Suresh Narayanan. E-commerce contributed 12.5% of domestic sales, while new product launches and rural expansion supported performance.