NESTLEIND · Fast Moving Consumer Goods
Nestle India Ltd. reported revenue of ₹6,788 cr for July to September 2026, +20.3% on the year and +6.4% on the quarter. That is faster than this quarter has grown in recent years (+6.0% on average), so the year-on-year number is not just the season. It is the highest quarterly revenue in the last 12 quarters on record. Over the last four quarters revenue comes to ₹25,581 cr, +21.7% on the four before.
Operating profit (EBITDA) was ₹1,615 cr, a margin of 23.8%, +187 bps on the year and −32 bps on the quarter. Over the last 8 quarters the margin has ranged from 21.2% to 26.3%, averaging 23.4%. Operating costs grew +17.4% against revenue growth of +20.3%, so more of each rupee of sales reached operating profit.
Net profit was ₹1,027 cr, +36.4% on the year and +5.3% on the quarter, with earnings per share of ₹5.32. Profit before other income, one-offs and tax grew 34.6%, so the profit growth came from the business itself. The tax rate of 27% is in line with its recent average. Profit over the last four quarters totals ₹4,134 cr, +38.1% on the four before.
Of the 17 companies in Fast Moving Consumer Goods that have reported Q2 FY27 so far, Nestle India Ltd. ranks 5th on revenue growth; the sector median is +15.0%. Its margin moved +187 bps on the year against a sector median of −55 bps.
Nestle India Ltd. is a Nifty 50 company. Of the 47 Nifty 50 companies reported so far, the median profit growth is +21.2%; Nestle India Ltd.'s +36.4% puts it above that.
On earnings per share of ₹21.44 over the last four quarters, the stock at ₹1,297.80 trades at 60.5 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, 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.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹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 | ₹6,788 cr |
| YoY | — | — | +3% | +1% | +4% | +4% | +6% | +11% | +19% | +23% | +25% | +20% |
| EBITDA margin | 23.8% | 25.6% | 23.1% | 22.9% | 23.1% | 25.2% | 21.6% | 21.9% | 21.2% | 26.3% | 24.1% | 23.8% |
| Other income, % of PBT | −9% | 3% | 4% | 23% | 0% | 1% | 0% | 0% | 15% | −1% | 1% | 1% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 26% | 25% | 26% | 25% | 25% | 26% | 27% | 27% | 13% | 26% | 26% | 27% |
| Net profit | ₹656 cr | ₹934 cr | ₹747 cr | ₹986 cr | ₹696 cr | ₹885 cr | ₹659 cr | ₹753 cr | ₹1,018 cr | ₹1,114 cr | ₹975 cr | ₹1,027 cr |
| YoY | — | — | +7% | +9% | +6% | −5% | −12% | −24% | +46% | +26% | +48% | +36% |
| Core profit YoY | — | — | +6% | −6% | −5% | −1% | −8% | +1% | +9% | +28% | +46% | +35% |
| EPS | ₹3.40 | ₹4.84 | ₹3.87 | ₹5.12 | ₹3.61 | ₹4.59 | ₹3.42 | ₹3.91 | ₹5.28 | ₹5.78 | ₹5.06 | ₹5.32 |
| 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 ₹6,788 cr (+20.3% on the year) and net profit of ₹1,027 cr (+36.4% on the year) for July to September 2026.
Profit before other income, exceptional items and tax moved +34.6% on the year, against +36.4% for reported profit.
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