All four product groups posted strong double-digit growth as rural demand, quick commerce and cost savings supported Nestle India's revenue and margin expansion in Q1 FY27
Nestle India said that all four product groups delivered strong double-digit growth in Q1FY27, supported by high double-digit growth across channels.
FMCG major Nestle India on Wednesday reported a 48.26 per cent on-year rise in consolidated net profit to Rs 958.68 crore in the June quarter of this financial year, supported by strong volume growth. The company had posted a consolidated net profit of Rs 646.59 crore in the corresponding period last fiscal, Nestle India said in a regulatory filing. Nestle India's revenue from Sale of Products was up 25.4 per cent at Rs 6,363.27 crore in the June quarter of FY27. This was at Rs 5,073.96 crore in the corresponding period a year ago. "We delivered a strong quarter with sales growth of 25.4 per cent led by volume growth. Sales stood at Rs 6,363.3 crore, powered by continued consumer trust in our brands and a strong focus on execution. Exports delivered 35.6 per cent growth, despite ongoing geopolitical headwinds," Chairman and MD Manish Tiwary said. Nestle India's total income in the first quarter of FY27 stood at Rs 6,400.65 crore, up 25.5 per cent as against Rs 5,100.33 crore in the
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As per brokerage estimates, Nestle India's revenue is expected to grow 12-18 per cent Y-o-Y, driven by healthy double-digit volume growth, while net profit could increase by up to 34 per cent Y-o-Y.
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FMCG major Nestle India is pinning its growth ambitions on the rural and semi urban markets, where aspirations are rising and the next wave of long-term consumption is being shaped, said its Chairman & Managing Director Manish Tiwary. India remains a market of immense opportunity, where consumption growth will increasingly be driven by deeper household penetration, wider distribution and stronger engagement with consumers across geographies, said Tiwary while addressing shareholders at 67th annual general meeting (AGM) of Nestle India. However, he also emphasised on the importance of understanding India's diverse consumer landscape and said the company remains focused on customer-centricity and tailoring offerings to varied consumer needs. "India is not one market and it is certainly not one consumer. It is dozens of markets layered on top of each other by income, geography, language, aspirations, habit and taste. The opportunity ahead of us is not just to serve the India that ...
Dividend stocks: Here is the complete list of stocks that will remain in focus next week on account of their dividend announcements
Market outlook: Nifty and Bank Nifty are likely to remain rangebound until a decisive breakout on either side, says Jatin Gedia, VP - Technical Research at Teji Mandi Investment Technologies.
Aamar Deo Singh of Angel One said that it is still early to turn decisively bullish on FMCG and that "investors should wait for the monsoon outcome and further confirmation of a sustained recovery."
Systematix has maintained a 'Hold' rating on Nestle India, valuing the stock at FY28E P/E of 65x for a target price of ₹1,460.
The food regulator has sought responses from the companies after taking cognisance of social media complaints alleging contamination and hygiene lapses
Stocks to buy: Ruchit Jain of Motilal Oswal Financial Services has recommended buying the shares of Nestle India, and Bharat Forge today
General licence fees (royalty) paid by FMCG major Nestle India to its Switzerland-based group entity Societe des Produits Nestle S.A. were up 13.91 per cent to Rs 1,024.5 crore in FY26, according to the company's latest annual report. Besides, Nestle India also paid a 'withholding tax on general licence fees' of 102.47 crore for the financial year ended March 2026. In the preceding year of FY25, Nestle India paid a general licence fee of Rs 899.41 crore and Rs 89.71 crore as 'withholding tax on general licence fees'. Nestle India obtains access to the Nestle Group's technology and intellectual property through General Licence Agreements for manufacturing and marketing its products, while continuously benefiting from technological advancements and innovations across the product categories it produces and sells. It pays a royalty of 4.5 per cent of net sales to its parent firm. Promoter entities Nestle S.A. and Maggi Enterprises Ltd together hold a 62.76 per cent stake in Nestle Ind
Nestle India's Manish Tiwary said inflation and muted wage growth are weighing on urban discretionary spending, though premium and rural demand remain resilient
India has emerged as the largest market globally for KitKat, the iconic chocolate-coated wafer bar of Swiss food and confectionery major Nestle, driven by strong consumer penetration, product innovation and aggressive marketing investments, according to the company. India, which had been the second-largest market for the brand over the last 2-3 years, has now become its biggest market globally, underscoring India's growing importance for the iconic chocolate wafer brand sold in over 85 countries. "India is now the largest market for KitKat globally, and the brand has accelerated its market share growth over the last few years," Nestle India Chairman and Managing Director Manish Tiwary said during a recent media interaction. KitKat has now become the second brand in Nestle's portfolio, after Maggi, to emerge as the largest market globally. A decade ago, India was at number 10 globally for KitKat. As part of Nestle India's confectionery portfolio, KitKat contributed to strong moment
At this point, two channels are growing faster for us: quick commerce and rural, says Manish Tiwary