Nestle India Ltd.
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ABOUT
AI Sector View
AI GENERATEDFast Moving Consumer Goods
Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 131.1%
- Company has a good return on equity (ROE) track record: 3 Years ROE 99.9%
- Latest quarter profit grew 47.9% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.13x)
- Company has been maintaining a healthy dividend payout of 65.3%
CONS
- Stock is trading at 42.7x its book value
- Valuation is stretched - P/E of 69.6 is well above its own 5-year median (32.7)
- Recurring exceptional / one-off items are inflating headline profit
- Rich enterprise valuation - EV/EBITDA of 40.8x
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NESTLEIND | 1393.10 | 70.49 | 268633.47 | 0.86 | 9586.80 | 1382.67 | 63781.80 | 1157.04 | 98.35 | 23.86 |
| VBL | 406.00 | 40.56 | 137328.07 | 0.37 | 1525.36 | 15.08 | 8650.57 | 20.77 | 20.73 | 27.04 |
| BRITANNIA | 5099.50 | 47.17 | 122830.79 | 1.77 | 593.38 | 14.08 | 4999.97 | 10.26 | 56.48 | 16.77 |
| JUBLFOOD | 475.50 | 72.30 | 31375.64 | 0.25 | 100.03 | 6.03 | 2569.65 | 13.66 | 25.56 | 19.77 |
| HATSUN | 1199.95 | 76.74 | 26728.68 | 0.50 | 60.58 | — | 2363.72 | 17.61 | 17.40 | 10.81 |
| MILKYMIST | 266.05 | 161.26 | 20481.68 | 0.00 | 646.79 | — | 9734.46 | — | 13.79 | 14.77 |
| ZYDUSWELL | 555.10 | 93.84 | 17661.10 | 0.22 | 118.90 | -7.04 | 1437.00 | 67.54 | 4.42 | 16.82 |
| DEVYANI | 137.20 | 0.00 | 16915.93 | 0.00 | 17.10 | 667.68 | 1580.52 | 16.47 | 8.98 | 16.09 |
| LTFOODS | 453.80 | 24.61 | 15758.34 | 0.66 | 1834.46 | 988.67 | 31518.31 | 1179.20 | 19.77 | 11.26 |
| BIKAJI | 571.90 | 55.47 | 14339.61 | 0.22 | 59.47 | 1.62 | 734.26 | 15.26 | 21.65 | 13.48 |
| MANORAMA | 2092.15 | 53.54 | 13206.15 | 0.04 | 78.66 | 67.55 | 404.01 | 39.53 | 35.00 | 26.29 |
| KRBL | 434.00 | 13.10 | 9933.82 | 1.04 | 260.74 | 73.16 | 1495.86 | -5.59 | 15.26 | 20.56 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,620 | 5,010 | 4,584 | 5,254 | 4,793 | 5,075 | 4,762 | 5,448 | 5,074 | 5,630 | 5,644 | 6,724 | 63,782 | |
| 3,603 | 3,812 | 3,505 | 3,918 | 3,700 | 3,968 | 3,712 | 4,116 | 3,996 | 4,453 | 4,493 | 4,976 | 50,700 | |
| Operating Profit | 1,016 | 1,198 | 1,078 | 1,337 | 1,093 | 1,106 | 1,050 | 1,332 | 1,078 | 1,177 | 1,150 | 1,748 | 13,082 |
| OPM % | 22.00% | 23.91% | 23.53% | 25.44% | 22.81% | 21.80% | 22.06% | 24.45% | 21.25% | 20.90% | 20.38% | 25.99% | 20.51% |
| 24 | 140 | -77 | 37 | 39 | 298 | 4 | 9 | 4 | 2 | 169 | -18 | 287 | |
| Interest | 33 | 31 | 23 | 26 | 32 | 0 | 0 | 38 | 47 | 0 | 0 | 37 | 422 |
| Depreciation | 107 | 111 | 109 | 110 | 113 | 122 | 150 | 155 | 157 | 163 | 174 | 205 | 1,878 |
| Profit before Tax | 939 | 1,222 | 886 | 1,251 | 1,009 | 1,312 | 922 | 1,205 | 900 | 1,029 | 1,168 | 1,513 | 13,244 |
| Tax % | 25.66% | 25.69% | 26.04% | 25.30% | 26.01% | 24.80% | 24.52% | 26.50% | 26.79% | 26.77% | 12.84% | 26.34% | 26.37% |
| Net Profit | 698 | 908 | 656 | 934 | 747 | 986 | 696 | 885 | 659 | 753 | 1,018 | 1,114 | 9,751 |
| 7.24 | 9.42 | 6.80 | 9.69 | 7.74 | 5.12 | 3.61 | 4.59 | 6.84 | 3.90 | 5.28 | 5.78 | 5.06 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|
| 24,394 | 20,202 | 23,155 | 24,376 | |
| 18,551 | 15,432 | 17,849 | 18,993 | |
| Operating Profit | 5,843 | 4,770 | 5,306 | 5,383 |
| OPM % | 23.95% | 23.61% | 22.92% | 22.08% |
| 159 | 354 | 329 | 181 | |
| Interest | 145 | 136 | 326 | 79 |
| Depreciation | 568 | 540 | 699 | 730 |
| Profit before Tax | 5,289 | 4,447 | 4,610 | 5,034 |
| Tax % | 25.64% | 25.47% | 23.10% | 23.31% |
| Net Profit | 3,933 | 3,314 | 3,545 | 3,860 |
| EPS | 40.79 | 34.38 | 18.38 | — |
| Dividend Payout % | 78.94% | 78.54% | 65.28% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- 16%
- 5 Years:
- 6%
- 3 Years:
- 8%
- 1 Year:
- 14%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 100%
- Last Year:
- 75%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 96 | 96 | 193 |
| 3,244 | 4,021 | 5,116 | |
| 303 | 1,109 | 381 | |
| Trade Payables | 2,238 | 2,374 | 2,967 |
| 4,642 | 4,724 | 4,700 | |
| Total Liabilities | 10,523 | 12,324 | 13,357 |
| 3,460 | 5,474 | 6,290 | |
| Capital Work in Progress | 1,742 | 1,173 | 507 |
| 464 | 706 | 706 | |
| 2,089 | 2,850 | 2,569 | |
| 300 | 363 | 329 | |
| Cash & Bank | 779 | 96 | 1,341 |
| 1,689 | 1,663 | 1,615 | |
| Total Assets | 10,523 | 12,324 | 13,357 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| 4,175 | 2,935 | 5,048 | |
| Cash from Investing | -1,237 | -1,811 | -624 |
| Cash from Financing | -3,135 | -1,846 | -3,179 |
| -198 | -723 | 1,244 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-09 - Nestle India Limited has informed the Exchange about Intimation regarding receipt of an Order-in-Appeal from GST Department, Tamil Nadu for the tax period 2017-2020
2026-08-31 - Nestle India Limited has informed the Exchange about Update on a one-on-one meet with an institutional investor held on 31st August 2026
2026-08-27 - Nestle India Limited has informed the Exchange about Execution of Share Subscription and Shareholders Agreement on 27th August 2026
2026-08-26 - Nestle India Limited has informed the Exchange about Intimation regarding receipt of an Order from the Office of the Principal Commissioner of Customs, Mundra Port, Kutch, Gujarat 370 421
2026-08-26 - Nestle India Limited has informed the Exchange about intimation regarding receipt of an Order from the Office of the Principal Commissioner of Customs Air Cargo Complex (Import), New Customs House, Near IGI Airport, New Delhi 110 037
2026-08-24 - Nestle India Limited has informed the Exchange about Intimation of a one-on-one meet with an institutional investor schedule for 31st August 2026
2026-08-12 - Nestle India Limited has informed the Exchange regarding 'Newspaper advertisement Public Notice regarding intimation to the shareholders aboutopening of another Special Window by SEBI for Transfer and Dematerialisation of PhysicalSecurities'.
2026-08-07 - Nestle India Limited has informed the Exchange about Transcript of analyst and institutional investors meet (virtual) held on 4th August 2026
2026-08-04 - Nestle India Limited has informed the Exchange about Update on analyst/ institutional investors meet (virtual) convened on 04.08.2026
News
Recent coverage and analyst commentary for NESTLEIND
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