The Indian unit of Swiss food major Nestle said net profit rose to ₹1,018 crore ($110.77 million) for the quarter ended December 31
Nestle India shares gained after the company reported a healthy set of results for the December quarter of FY26 (Q3FY26).
Q3FY26 company results: Firms including Power Grid Corporation of India, Bajaj Auto, Bank of Baroda, Procter & Gamble Hygiene and Health Care are also to release their October-December earnings today
Nestle Q3 results preview: Brokerages tracked by Business Standard estimate Nestle's net profit to average ₹745.25 crore, compared to ₹713.9 crore a year ago, up 4 per cent year-on-year (Y-o-Y)
He will succeed Svetlana Boldina, whose term as Nestle India's CFO is set to end on January 31
Analysts at Choice Equity Broking expect the stock to rally past ₹1,500-mark on the upside, indicating a potential upside of over 14 per cent from current levels.
In the latest note on the consumer goods sector, Emkay analysts Nitin Gupta and Mohit Dodeja estimated revenue growth of around 6% Y-o-Y & Ebitda growth of about 7% for listed FMCG players in Q3.
By the end of the year, we will digitise entirely from supply planning to distribution, says Manish Tiwary, chairman and managing director, Nestle India