LIC-Backed Maggi Maker FMCG Giant to Invest Rs 225 Crore in New Munch Line, Adds 8,300 T Capacity
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The stock price has surged over 7.94 per cent in last 1 year. The stock has delivered approximately 11.7 per cent returns from its 52-week low of Rs 1074 per share.
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On Friday, shares of Nestle India Ltd jumped 1.13 per cent to Rs 1199.7 per share from its previous closing of Rs 1186.3 per share. The stock’s 52-week high is Rs 1340.4 per share and its 52-week low is Rs 1074 per share. The stock surged 0 per cent to its Intraday high of Rs 1204 per share.
As of 13:21 IST, shares of Nestle India Ltd were trading at Rs 1199.7, up 1.13 per cent.
Nestle India Ltd has announced an expansion of its manufacturing capabilities with the addition of a new production line for its Munch brand at its Sanand factory in Gujarat. The company informed the stock exchanges on March 19, 2026, about the development.
The new production line will add approximately 8,300 tons per annum to the company’s capacity. The expansion is expected to be completed within the financial year 2025-26.
The company will invest around Rs 225 crore in the project. Nestle India Ltd stated that the entire investment will be funded through internal accruals, with no requirement for external debt, reflecting its strong balance sheet position.
This expansion is part of the company’s broader capital expenditure plans, which include both greenfield and brownfield projects. The company aims to scale up its overall production capacity to meet future consumer demand. While the Sanand factory is being upgraded, Nestle India Ltd continues to manufacture Munch at its other existing facilities as well.
The company has a market cap of over Rs 231204.89 crore. The stock price has surged over 7.94 per cent in last 1 year. The stock has delivered approximately 11.7 per cent returns from its 52-week low of Rs 1074 per share.
Disclaimer: The article is for informational purposes only and not investment advice.