NESTLEIND · Fast Moving Consumer Goods
Nestle India Ltd. reported revenue of ₹6,378 cr for April to June 2026, +25.2% on the year and −5.5% on the quarter. That is faster than this quarter has grown in recent years (+4.6% on average), so the year-on-year number is not just the season. Over the last four quarters revenue comes to ₹24,437 cr, +19.3% on the four before.
Operating profit (EBITDA) was ₹1,538 cr, a margin of 24.1%, +253 bps on the year and −215 bps on the quarter. Over the last 8 quarters the margin has ranged from 21.2% to 26.3%, averaging 23.3%. Operating costs grew +21.1% against revenue growth of +25.2%, so more of each rupee of sales reached operating profit.
Net profit was ₹975 cr, +48.0% on the year and −12.5% on the quarter, with earnings per share of ₹5.06. Profit before other income, one-offs and tax grew 46.0%, so the profit growth came from the business itself. The tax rate of 26% is in line with its recent average. Profit over the last four quarters totals ₹3,860 cr, +19.7% on the four before.
On earnings per share of ₹20.03 over the last four quarters, the stock at ₹1,261.80 trades at 63.0 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹5,037 cr | ₹4,600 cr | ₹5,268 cr | ₹4,814 cr | ₹5,104 cr | ₹4,780 cr | ₹5,504 cr | ₹5,096 cr | ₹5,644 cr | ₹5,667 cr | ₹6,748 cr | ₹6,378 cr |
| YoY | — | — | — | +3% | +1% | +4% | +4% | +6% | +11% | +19% | +23% | +25% |
| EBITDA margin | 24.3% | 23.8% | 25.6% | 23.1% | 22.9% | 23.1% | 25.2% | 21.6% | 21.9% | 21.2% | 26.3% | 24.1% |
| Other income, % of PBT | 11% | −9% | 3% | 4% | 23% | 0% | 1% | 0% | 0% | 15% | −1% | 1% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 26% | 26% | 25% | 26% | 25% | 25% | 26% | 27% | 27% | 13% | 26% | 26% |
| Net profit | ₹908 cr | ₹656 cr | ₹934 cr | ₹747 cr | ₹986 cr | ₹696 cr | ₹885 cr | ₹659 cr | ₹753 cr | ₹1,018 cr | ₹1,114 cr | ₹975 cr |
| YoY | — | — | — | +7% | +9% | +6% | −5% | −12% | −24% | +46% | +26% | +48% |
| Core profit YoY | — | — | — | +6% | −6% | −5% | −1% | −8% | +1% | +9% | +28% | +46% |
| EPS | ₹4.71 | ₹3.40 | ₹4.84 | ₹3.87 | ₹5.12 | ₹3.61 | ₹4.59 | ₹3.42 | ₹3.91 | ₹5.28 | ₹5.78 | ₹5.06 |
| Flags | · | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 2 | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Nestle India Ltd. reported revenue of ₹6,378 cr (+25.2% on the year) and net profit of ₹975 cr (+48.0% on the year) for April to June 2026.
Profit before other income, exceptional items and tax moved +46.0% on the year, against +48.0% for reported profit.
None of the 7 checks that could run raised a question.
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