Nestle India Limited is a subsidiary of Nestle which is a Swiss MNC. The company operates in the Food segment. Presenting below are its Q2 FY26 earnings results.
Q2 FY26 Earnings Results
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Revenue from Operations: ₹5,643.6 crore, up 10.6% YoY from ₹5,106 crore, and up 10.7% QoQ from ₹5,096 crore in Q1 FY26.
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Net Profit (Standalone): ₹753.2 crore, down 23.6% YoY from ₹985 crore due to higher input costs and lack of last year’s exceptional gain of ₹290.8 crore from divestiture.
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Consolidated Net Profit: ₹743 crore, down 17% YoY but up 15% QoQ from ₹647 crore in Q1 FY26.
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EBITDA: ₹1,236.6 crore, reflecting 21.9% margin vs. 22.9% in Q2 FY25 (down 100 bps YoY due to higher raw material and employee expenses).
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PAT Margin: 13.3% vs. 17.7% YoY; reflects cost pressure from milk, cocoa, and logistics inflation.
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Domestic Sales: ₹5,410 crore, up 10.8% YoY, marking the highest quarterly domestic revenue in company history.
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Exports: ₹219 crore, up 14% YoY.
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EPS: ₹3.90, marginally higher than ₹3.88 last year (excluding exceptional item).
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Segment Performance:
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Confectionery: Double-digit growth; KitKat remains the largest driver, consolidating India as the 2nd largest KitKat market globally.
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Beverages: NESCAFÉ posted strong double-digit growth and market share gains.
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Prepared Dishes & Cooking Aids (Maggi): High double-digit growth driven by distribution expansion and festive demand.
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Milk Products & Nutrition: Mixed performance; moderate growth in dairy portfolio.
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Pet Care (Purina): Highest turnover since integration, robust double-digit expansion.
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Management Commentary & Strategic Decisions
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Manish Tiwary, Chairman and Managing Director:
“Our double-digit domestic sales growth was led by strong volume momentum in key brands across food, beverage, and confectionery. We continue to drive penetration-led growth and invest aggressively in capacity and innovation to serve consumers wherever they are.”
He added that despite rising input costs, Nestlé India remains committed to high brand reinvestment and long-term market expansion across India. -
The company reaffirmed focus on “bolder, bigger, better” innovations, with new product launches expected in beverages, noodles, and pet nutrition.
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Margins: Company noted short-term cost pressures from milk and cocoa but maintained that strong sequential profit rebound shows structural pricing discipline and operational efficiency.
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Nestlé continued capacity expansion across key factories in Gujarat and Punjab to cater to rising rural and tier-2/3 urban demand.
Q1 FY26 Earnings Results
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Revenue from Operations: ₹5,096 crore, up 6% YoY from ₹4,809 crore.
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Net Profit (PAT): ₹647 crore, down 13.4% YoY due to elevated commodity prices and cost of operations.
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EBITDA Margin: 22.2%, slightly impacted by milk and coffee prices.
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CMD Transition: Manish Tiwary succeeded Suresh Narayanan as CMD in August 2025.
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Focus Areas: Streamlining supply chain and brand activation to manage commodity volatility.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.