Life Insurance Corporation of India (LIC) has raised its stake in Nestlé India to 5.001%, acquiring an additional 1,49,000 shares through market purchases.
Key Transaction Details:
- Previous Holding: 4.988% (4,80,75,710 shares)
- New Holding: 5.001% (4,82,24,710 shares)
- Acquisition Date: May 23, 2025
- Stock Performance: Nestlé India shares closed 1.65% higher at ₹2,453.35 on BSE.
Strategic Implications & Market Reaction
LIC’s increased stake reflects strong institutional confidence in Nestlé India, a leading FMCG player known for brands like Maggi, Nescafé, and Cerelac. Despite a 6.5% decline in Q4 net profit to ₹873.46 crore, Nestlé India’s revenue grew 3.67% YoY, reaching ₹5,447.64 crore.
Future Outlook & Industry Trends
Analysts believe LIC’s move signals long-term optimism in India’s consumer goods sector, with Nestlé India expected to expand its domestic footprint and strengthen its premium product portfolio.
With institutional backing and steady revenue growth, Nestlé India remains a key player in India’s FMCG market, reinforcing investor confidence.
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