Nestle India has authorized a phased rise in the royalties paid to Société des Produits Nestlé S.A., the business's parent company located in Switzerland. The consumer products firm has decided to increase its annual payout to Nestlé S.A. from 4.5% to 5.25% of net sales over the next five years. The company that manufactures Maggi noodles stated in a regulatory filing that the higher royalty price will take effect on July 1. After obtaining input from proxy firms and investors, the Indian division of the Swiss consumer products giant declared in 2019 that it will ask its shareholders for permission to pay royalties to its parent company for every five years. Nestle India recorded a net profit of ₹2,390 crore and total sales of ₹16,790 crore for the year 2023.