29 brands of Nestl fetches an annual turnover of more than US$ 1.1 billion. Or they are reducing the size of the packages in order to be able to offer a lower price. By doing so, you and %USER_NAME% will not be able to see This stock pays an annual dividend of $2.99, which amounts to a dividend yield of 2.60%. . Home-baking products, including Toll House and Carnation, saw a sales decrease following exceptional demand in 2020 but remained above 2019 levels. Only post material thats relevant to the topic being discussed. English Edition English Edition . The impact of cost inflation, which increased strongly in the second half, was partly offset by price increases, operating leverage and efficiencies. ROI. Come here for news, press releases, statements and other multi-media content about Nestl. Earnings per share increased by 41.1% to CHF 6.06 on a reported basis. The Zones underlying trading operating profit margin increased by 30 basis points, with the positive margin impact of the Nestl Waters North America brands divestment more than offsetting significant cost inflation. Investors: Technical analysis trends NESTL S.A. Short Term: Mid-Term: Long Term: Trends: Bearish: Neutral: Bearish . The company is. Water. Interest Rates. Healthy beverages, such as RTD teas were also growing over 4% annually. Yearly training for high . The average price target for Nestle is $134.68, which is 17.20% higher than the current price. Equity is another word for ownership, it informs you of how well a companyshow more content. Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. Helps in financial forecasting and planning: Ratio analysis is of much help in the financial forecasting and planning. Represents the total incurred expenses through normal operations. The next largest market, China, generates CHF7.06 billion or 8% of the total revenue.[1]. Energy. We believe in the power of food to enhance quality of life. A Study of Nestl Financial Analysis February 2023 Authors: Shiau Yen Gooy Pui San Gong Why Kim Gong Rui Han No full-text available References (43) Forecasting Nestle Stock Price by using. Stock Market Investing Simplified Value Investing - The Ultimate Guide Technical Analysis - The Ultimate Guide Mutual Funds Investing Simplified Excel for Finance. The company has divided its operating segments into 3 geographic areas: The Americas (AMS), Europe, Middle East and North Africa (EMENA) and Asia, Oceania and sub-Saharan Africa (AOA). It does so by relating company's current assets to its current liabilities. Consumer Trends in The Food Industry. Zone AOA reported mid single-digit organic growth in a difficult economic environment with continued regional lockdowns. The debt to ratio is a ratio that compares a firms total liabilities and shareholders equity. The cost of direct labour of the firm in the year of 2004-05 is 4.94%and it increasing slithightlliy up to 2007-08 and it decrease in the next year. Coffee generates over 10% of the companys total sales and coffee beans are the major raw material used in its production. The beverage and food industries are highly competitive and consist of numerous small, large and multinational companies. By geography, the Americas and AOA posted double-digit growth. Excluding Wyeth business impairments, the Groups ROIC was 14.2%. Zone AMS reported high single-digit organic growth, building on a strong sales development in 2020. Nestle's PEG ratio is 4.21. of Shares 9.64 Cr. Net zero greenhouse gas emissions by 2050 Get detailed Nestle India share price news and analysis, Dividend, Quarterly results information, and more. Nestle India said, "The net sale growth was on the back of domestic sales which . Click here to view in mobile. The companys main products are: powdered and liquid beverages; milk products, ice cream; confectionary and pet care products. Organic growth in emerging markets was 7.8%, with robust RIG and positive pricing. Full details in Events. Foreign exchange negatively impacted sales by 0.6%. Looking at their annual report, their revenues clearly state that they are the most preferred food and beverage. Dairy recorded high single-digit growth, with a strong sales development for healthy-aging products, particularly Yiyang certified functional foods for improved immunity and mobility. Underlying trading operating profit increased by 1.4% to CHF 15.1 billion. 2. Infant Nutrition saw mid single-digit growth, based on robust demand for NAN premium and functional products. PM pillar master. Organic growth reached 7.5%, with real internal growth (RIG) of 5.5% and pricing of 2.0%. According to these financial ratios Nestle Malaysia Bhd.'s valuation is way below the market valuation of its sector. Precious Metals. Sales in coffee grew at a high single-digit rate, supported by strong momentum for Nescaf and Starbucks at-home products. The company offers over 2000 different product choices in 7 main categories:[3]. This is not likely to be an issue for them because sufficient amounts of cash is probably collected daily through the checkouts. Performing agroforestry activities to increase climate resilience, like planting shade trees. The second category is external stakeholders where we find the suppliers, customers, environment and so on. For more information on how to do a SWOT analysis please refer to our article. Formulated MD Protein for improved heart health and immunity. Through our simulation, we hoped to combat these issues by deliberately focusing on high quality and achieving customer satisfaction while still providing low-cost products. : +41 21 924 3509[emailprotected], Our CEO explains our novel initiative to help address challenges at community level, Meet the teams driving our net zero mission forward, Mark Schneider, Nestl CEO, discusses taking a new approach across our value chain, Bernard Meunier, Nestl's Head of Strategic Business Units, Marketing and Sales, explores the global trends fuelling a regenerative approach, Our agronomist empowers cocoa farmers to get the most out of their crops, Harnessing the power of pea to innovate a new dairy alternative, 5 exciting trends for pet owners to look out for, Across the globe, we are here to help answer your queries, We unlock the power of food to enhance quality of life for everyone, today and for generations to come. with InvestingPro. Similarly, the quick ratio, calculated as 1.24, shows that Mercks liquid assets surpass their liabilities, demonstrating their ability to pay off its short-term financial liabilities. The EV/EBITDA NTM ratio of Nestle Malaysia Bhd. Ten years of annual and quarterly financial ratios and margins for analysis of Nestle SA (NSRGY). Confectionery posted mid single-digit growth, led by robust demand for Shark wafer chocolate. View NSLYF financial statements in full. Avoid profanity, slander or personal attacksdirected at an author or another user. We apply our expertise in nutrition, health and wellness to help people, families and pets live happier, healthier lives. Bottled water products alone generate 8% of the total companys revenue. Ratio Analysis Nestle. Development of a uniform way of assessing the maintenance cost allocation versus lines efficiency + a new automatic tool to visualize the "health" of any factory. Stock Scorecard. 1 The Group has adequate credit facilities to fund the net current liabilities. . Pricing was 0.8%, increasing to 2.2% in the fourth quarter. Marketing and administration expenses decreased as a percentage of sales by 80 basis points, based on strong operating leverage and efficiencies. is significantly lower than its historical 5-year . The Philippines and Indonesia saw negative growth, turning positive in the fourth quarter led by Nescaf and Bear Brand. AboutPressCopyrightContact. Nestle Nigeria Plc has declared a final dividend of N36.50 to its shareholders for the year ended 31 December 2022. On December 15, 2021, Nestl sold 22.26 million of L'Oral shares for a total consideration of CHF 9.3 billion. All rights reserved. Sub-Saharan Africa recorded double-digit growth, based on strong sales developments for Maggi, Milo and Nescaf, particularly for affordable offerings. A novel incentive program aims to help farmers and their families steadily and sustainably build social and economic stability. anyone knows when they usually pay their dividends? Reported sales in Zone AOA were unchanged at CHF 20.7 billion. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. 51% of the surveyed said that their decisions will be influenced by clear and accurate labelling and 47% would like to see clearly displayed information. Zone EMENA reported high single-digit organic growth, reaching the highest level in the last decade. Learn about our strategy, sales and results or download our investor seminar presentations. The debt-to-equity ratio refers to the percentage of money invested by shareholders to a company. Check out why Nestle India share price is down today. All markets posted positive growth, with strong sales developments led by the United Kingdom, Russia, Italy and France. Nestl could start sourcing all of its materials from sustainably grown plantations and farms. Nestle has a market cap or net worth of $306.62 billion. Strong. Nestl is transforming its global water business, sharpening its focus on international premium and mineral water brands and healthy hydration products. Only post material thats relevant to the topic being discussed. Brands include: Nestl, KitKat, Cailler. Available at:https://www2.deloitte.com/us/en/pages/consumer-business/articles/us-food-industry-consumer-trends-report.html Accessed 6th January, 2017, CB Insights (2016). Brands include: Nescaf, Nescaf Dolce Gusto, Nespresso, Nestea. Cash generated from operations decreased from CHF 17.2 billion to CHF 16.6 billion, mainly due to slightly higher working capital at year-end. Continued prudent capital allocation and capital efficiency improvements. Comments that are written in all caps and contain excessive use of symbols will be removed. It was a forward split with a ratio of 25:10. As of January 26, 2012, 22 of PepsiCo 's brands generated retail sales of more than $1 billion apiece, and the company 's products were distributed across more than 200 countries, resulting in annual net revenues of $43.3 billion Based on net revenue, PepsiCo is the second largest food and beverage business in the world. Net divestitures reduced sales by 6.6%, as the divestment of the Nestl Waters North America brands more than offset the acquisitions of Freshly and Essentia Water. Social responsibility of buying ethically grown, sustainable foods is often more important that price. Current ratio is a financial ratio that evaluates if a business has an adequate amount of resources to cover its debt over the next business cycle (typically 12 months). addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc. Nestls brand recognition is also increased by its presence in 189 countries. By channel, organic growth in retail sales was 6.4%. Prices; Financials; Growth was strong across all channels, particularly in e-commerce and pet specialty stores. Find answers to some of our most frequently asked questions on the environment, human rights and more. Nestl's net sales amount to over 93 billion U.S. dollars. Growth was broad-based across most categories in both India and Pakistan, led by Maggi, KitKat, Nescaf and Nestl Professional. Therefore we need to find unlevered beta value so that we can find firms equity beta at the desired leverage ratio as mentioned in Table A. Commodities. In the current situation, where the established brands are losing sales and the capital is still very cheap, Nestl could increase its investments in startups that will help the company to meet the future challenges and increase the sales. Nespresso posted high single-digit growth, moderating to a mid single-digit rate in the second half following a high base of comparison in 2020. Best Global Brands 2016. Stock Market Investing Simplified Value Investing - The Ultimate Guide Technical Analysis - The Ultimate Guide Mutual Funds Investing Simplified Excel for Finance. Financial Ratios Analysis of Nestle India Ltd. - The Key ratio of Nestle India Ltd. Company, including debt equity ratio, turnover ratio etc. Pricing increased to 2.0%, reaching 3.1% in the fourth quarter, to offset significant cost inflation. Infant Nutrition reported market share losses. The full assurance statement with EY's independent conclusion can be found here: Independent assurance. .a{fill:#6db41e;stroke:#637733;}.b,.d{fill:none;}.b{stroke:#fff;}.c{stroke:none;}, +899.62 (+1.53%) Everything you need to know about Nestl is here: brands, key figures, milestones. ROE. Media: Organic growth in out-of-home channels reached 24.5%, helped by a low base of comparison due to the pandemic. Currency in CHF Valuation measures4 Trading information. Chile also recorded double-digit growth, supported by Purina PetCare, confectionery and ice cream. Within North America, PepsiCo is the largest food and beverage business by net revenue. Sales in the beverages category, including Starbucks at-home products, Coffee mate and Nescaf, grew at a mid single-digit rate. The one-off integration costs related to the acquisition of The Bountiful Company's core brands had a negative impact of around 10 basis points. Nestl completed acquisitions and divestments with a total value of around CHF 9.9 billion in 2021. Underlying earnings per share in constant currency and capital efficiency are expected to increase. Company Essentials Market Cap 1,81,057.63 Cr. Sales in vegetarian and plant-based food grew at a double-digit rate, reaching around CHF 800 million. These new startups are developing the next generation foods and drinks, provide various solutions on food delivery, new meal kits, specialty foods and introduce new ways to grow and sell the food. Top Dividend Stocks. It may therefore take some time before it appears on our website. Balance sheets show that compared to previous year, the current ratio has dropped by 14, 3% in 2015, which denotes another major weakness. Strong sales developments in most categories were partly offset by a sales decline in Infant Nutrition where turnaround initiatives continued. They divide the stakeholders in two categories; the first being the internal stakeholders such as employees and shareholders. At the Annual General Meeting on April 7, 2022, the Board of Directors will propose a dividend of CHF 2.80 per share, an increase of 5 centimes. Planning is looking ahead and the ratios calculated for a number of years work as a guide for the future. NESTLE fundamentals Overview Statements Statistics Dividends Earnings NESTLE (M) BHD key financial stats and ratios If you want to check out NESTLE market capitalization, P/E Ratio, EPS, ROI, and other financial ratios, this page is your go-to hub. Organic growth reached 7.2%, with strong RIG of 6.0% supported by volume and mix. The U.S., which is the single largest companys market only generates CHF25.293 billion or 28.5% of the total revenue. Include punctuation and upper and lower cases. There is a growing number of food startups that are looking for ways on how to disrupt the food industry. Nestle's PEG ratio is 4.21. Available at: http://www.dailydot.com/via/nestle-california-bottled-water/ Accessed 6th January, 2017, Renner, B., Ringquist, J. Racism, sexism and other forms of discrimination will not be tolerated. 2022 outlook: we expect organic sales growth around 5% and underlying trading operating profit margin between 17.0% and 17.5%. ), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. RATIO ANALYSIS BASED ON FINANCIAL STATEMENT NESTLE 2020. The income statements show that the net profit margin of Nestl has dropped from 0,115 in 2012 to 0,109 in 2013 and from 0,158 in 2014 to 0,102 in 2015. Increasing the promotional budget for a product in order to increase awareness is not advisable in the short run under which of the following circumstances? 5 shocking scandals that prove its time to boycott Nestl. Nestl is a huge food company selling tens of thousands of different food products daily. Net divestitures decreased sales by 2.9%, largely related to the Nestl Waters North America, Yinlu and Herta transactions. Our robust underlying earnings per share growth shows the resilience of our value creation model. The Zone saw market share gains in culinary, coffee and pet food. Cash Flow Cash generated from operations decreased from CHF 17.2 billion to CHF 16.6 billion, mainly due to slightly higher working capital at year-end. Earnings NESN Ratios Advanced Ratios TTM = Trailing Twelve Months 5YA = 5-Year Average MRQ = Most Recent Quarter Go to Dashboard Unlock access to over 1000 metrics with InvestingPro View. The entire Nestl team demonstrated exemplary perseverance and agility in a challenging environment. During 2021, the Group repurchased CHF 6.3 billion of Nestl shares. The Nestle company began around 1860s.It was started by a person called Henri Nestle when he came up with the first baby formula. Every firm and manager has to face the decision of which accounting method to choose, and has to include several aspects into their decision making process and weigh the pros and cons in general. Even though Nestl is one of the biggest coffee sellers in the world, the company doesnt have any significant brands in RTD coffee or RTD tea markets. This comment has already been saved in your, Fraich up pizzas, pruduced by Buitoni, owned by Nestle ==> apparently some people died from E.Coli infection in France ==> if proved correctly ==> some big lawsuits or is just a minor hick-up for Nestle ==> Any thoughts?? These relationships between the financial statement accounts help investors, creditors, and internal company management understand how well a business is performing and areas of needing improvement. Share Price 18,458.2: Mar 03,2023: Market Cap 177,937.0 Cr: Sales-TTM 16,865.1 Cr: TTM-Standalone Results . Tax bracket of 44% is used based on ratio of income taxes to income before income taxes (175.9/398.9) in Exhibit 1. Economic Events and content by followed authors, It's Here: the Only Stock Screener You'll Ever Need, Profitability: TTM vs 5 Year Average Margins, Management Effectiveness: TTM vs 5 Year Average Margins. Search for jobs here. nestle-holdings-inc-financial-statements-2020.pdf, 2018 NESTLE GROUP FINANCIAL STATEMENT ANALYSIS.docx, Financial Ratio Analysis Ford Financial ratio.docx, University Malaysia Sabah Labuan International Campus, ANALYSIS OF COMPANY PERFORMANCE BASED ON FINANCIAL RATIO.docx, Tunku Abdul Rahman University College, Kuala Lumpur, Tenaga National University, Bandar Muadzam Shah, assessment of results In theory the accompanying report is supposed to look at, 'Even the Chinese government does not want another Lehman type of situation'.pdf, FGENESH program is missing thats why it have four exons and the length of, This methodology is used when as described by Brandt et al 2009 they want to, Balance Sheet June 30 2016 Assets Cash 19000 Equipment 8400 Accounts receivable, Which one of the equation does not exist 1 DPD OP TP 2 w s p 3 w, Agreement with productivity levels in a nineteenth century Term potential energy, 592021 Topic Changing the Definition of Racism, II What might cause this disability a genetics III What are some classroom, Module 4 Medical Terminology Sheet for Integumentary System 2022 (1).docx, GOL_Module 05 Volcano Tour Via Google Earth Lab.docx, Professional Presentation of Cultural Research .docx, Chester Corp. ended the year carrying $11,529,000 worth of inventory. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. Garden of Life saw continued strength, driven by new product launches such as Dr. Its purpose is to analyse ethical principles and also moral as well as the ethical problems that might arise in a business environment. Nestl Nutrition. Nestl, which has a history of providing misleading nutritional information on its labels should improve its practices and clearly label the products and include all the necessary information in addition to nutritional values. The Periodic Table of Food Tech. The entities should innovate and implement measures that promote the good of the communities and the . The consensus rating is "Buy". This new program focuses on complex root causes of child labor, including poverty, school enrollment and agricultural practices. 53 SIX Listing Rules], You are currently on the Nestl global website, story-teaser-living income Mark Schneider oped, story-teaser-Employee sustainability stories, story-teaser-From premiumization to e-commerce, story-teaser-Better farming for a better future (Nathan), story-teaser-Introducing a plant-based superhero (Wunda), story-teaser-Ambitious and local expert Muriel Lienau, Marketing infant nutrition: getting it right, Nutrition information & responsible marketing, Indigenous Peoples and Local Communities' land rights, Freedom of association and collective bargaining, Finanzielle Berichterstattung 2021 (pdf, 1 Mb), Corporate Governance Report 2021 (pdf, 2 Mb), CSV and Sustainability Report (pdf, 16Mb). Nestl S.A. (NESN.SW) Swiss - Swiss Delayed price. Confectionery and coffee also reported strong double-digit growth. Growth was fueled by new consumer adoption, particularly for the Vertuo system, continued momentum in e-commerce and a recovery in boutiques and out-of-home channels. Brazil reported double-digit growth, reflecting strong demand for confectionery, particularly KitKat, as well as Purina PetCare and Nescaf. Reported sales in Zone AMS decreased by 0.7% to CHF 33.8 billion. Firstly, energy element is a measure of intensity or drive as how much does the motivated person tried. Introduction. Full-year sales and underlying trading operating profit (UTOP) overview by operating segment, Full-year sales and underlying trading operating profit (UTOP) overview by product, Contacts: Nestl S.A. (NSRGY) Valuation Measures & Financial Statistics Nestl S.A. (NSRGY) Other OTC - Other OTC Delayed Price. Over the years, the company has been criticized for a number of its practices: The latest criticism is over the companys uncontrolled water usage in California, where prolonged drought is hurting the state. Weaknesses 1. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); About - Privacy Policy - Returns and Refund Policy. Sales in EMENA grew at a mid single-digit rate. check to "Financials" always is April probably it's gonna be April again. The company is also less affected by the changing consumer tastes or consumer backlash against one of its brands. Confectionary. Brand value is closely related to brand recognition. Nestl Berhad's operated at median current ratio of 0.6x from fiscal years ending December 2018 to 2022. Available at: http://www.forbes.com/powerful-brands/ Accessed 6th January, 2017, Interbrand (2017). The Nestle company has made a good number of acquisitions which includes, Findus in, Nestle is the largest global food and beverage company in the world in terms of revenues, with a 148-year history. The last trading day with entitlement to receive the dividend will be April 8, 2022. The program, which builds on the Nestl Cocoa Plan, rewards practices that increase crop productivity and help secure additional sources of income. Assess the performance of Nestle (NESN). Reported sales in Nespresso increased by 9.1% to CHF 6.4 billion. Thanks for your comment. Shareholders entered in the share register with voting rights on March 31, 2022 at 12:00 noon (CEST) will be entitled to exercise their voting rights. Beverages, make over 25% of the total Nestls sales and water is used in all of their production. (2016). China posted low single-digit organic growth, based on positive, South-East Asia saw positive organic growth, with positive, South Asia reported double-digit organic growth, with strong, Sub-Saharan Africa recorded double-digit organic growth, led by strong, Japan, South Korea and Oceania saw mid single-digit organic growth. Nestle SA current ratio for the three months ending June 30, 2022 was . CHF), AOA: Zone Asia, Oceania and subSaharan Africa | EMENA: Zone Europe, Middle East and North Africa | AMS : Zone Americas. Nestl Health Science posted double-digit organic growth, building on a strong sales development in 2020, with broad-based market share gains across channels and markets. In addition, any of the above-mentioned violations may result in suspension of your account. Introduction This the project about financial ratio analysis of the Nestle Pakistan Limited Company.The company is a food industry and is dealing in food business for many years.The company is well reputed in the market and deal in a very wide range of food products. *It is just an analytical rating of the company and not an investment advice. Learn about our strategy, sales and results or download our investor seminar presentations. The table below shows the debt to equity ratio of Nestle plc over the last five years. PepsiCo SWOT analysis 2017. BNN Bloomberg's top picks newsletter delivers market analysis and stock recommendations from our Market Call guests directly to your inbox each night. 640.9 cr: Motilal Oswal, Nestle India Q4 PAT seen up 4.5% YoY to Rs. Reported sales in Zone EMENA increased by 4.5% to CHF 21.1 billion. This will start with a selection of KitKat products in 2023. Organic growth was 13.5%, with strong RIG of 13.4% and 0.1% pricing. Pricing increased by 1.2%, with 2.5% pricing in the fourth quarter. The company expects to buy around CHF 10 billion of shares in the first twelve months. Looking back at the last 5 years, Nestl Berhad's current ratio peaked in December 2022 at 0.7x. Available at: http://www.nestle.com/brands Accessed 6th January, 2017, Forbes (2017). The rollout of Palforzia, the peanut allergy treatment, was impacted by the pandemic. I would disagree, I see it moving up and down 4-6 CHF depending on Francs strength.Great results, good dividend - lots of positive points for this stock.But its not a performer, buy and hold, building generational wealth :), anyone knows when they usually pay their dividends. Select: 1 One or more, Financial Option 3: $30 Million Investment in Bonds Rationale for investment: The business that's offering these bonds for sale contracts with another business in China to assemble computer, Under the Base Case, what is the Terminal Value based on the average of: 1) The terminal value based on a perpetual growth rate, and; 2) The terminal value based on the EBITDA exit multiple. Reported sales in Nestl Health Science increased by 45.0% to CHF 4.8 billion. DEBT Economy. By geography, the Americas and AOA posted double-digit growth. Course Hero is not sponsored or endorsed by any college or university. Sales in new growth platforms Tails.com, Lilys Kitchen and Terra Canis combined increased by close to 40%. 3.4 Global Naturally Fermented Food Market Concentration Ratio 3.4.1 Global Naturally Fermented Food Market Concentration Ratio (CR5 and HHI) 3.4.2 Global Top 10 and Top 5 Companies by Naturally . We focus our energy and resources where unlocking the power of food can make the greatest difference. Organic growth was 8.5%, with strong RIG of 4.8%. Net . The company reported a turnover of N446.8 billion for the 12 months period, up by 27% from N351.8 billion reported the previous year. Stock Research. Statements. The cost of manufacturing overhead of the . Organic growth reached 8.8%, based on strong RIG of 8.2% and pricing of 0.6%. Are you sure you want to delete this chart? is significantly lower than the average of its sector (Food Products): 8.26. Since youve just unblocked this person, you must wait 48 hours before renewing the block. Brands include: Purina, Friskies, Pro Plan, Felix, Gourmet. Nestl is committed to maintaining this long-held practice to increase the dividend in Swiss francs every year. By product category, Purina PetCare posted double-digit growth led by premium brands Gourmet, Felix and Purina Pro Plan, as well as veterinary products. Nestl Health Science recorded double-digit growth, reflecting strong demand for vitamins, minerals and supplements, as well as healthy-aging products. Garden Gourmet Vuna, the recently launched plant-based tuna alternative, saw strong demand. Brand awareness helps the company to introduce new products and sell the current products more easily. Water posted high single-digit growth, led by S.Pellegrino as well as Nestl Pure Life in the Middle East and North Africa. Net divestitures reduced sales by 2.2%, largely related to the divestiture of the Herta charcuterie business partly offset by the acquisitions of Mindful Chef and Lilys Kitchen.
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