Nestle India Q2 FY26 Results: Maggi and instant foods maker Nestlé India Ltd. reported its Q2FY26 earnings on Thursday, October 16, posting its highest-ever domestic sales in a quarter. Domestic sales grew in double digits, with three of its four product groups showing strong volume-led growth, although, the company posted 28 per cent decline in profit.
Revenue Performance
Nestlé India posted consolidated revenue of Rs 5,285 crore, up 3.5 per cent from Rs 5,104 crore in Q2FY25, in line with analyst expectations. Domestic sales grew 3–4 per cent, while exports expanded 7–10 per cent, reflecting continued international traction.
EBITDA and Margins
EBITDA remained largely flat at Rs 1,170 crore, a marginal rise of 0.2 per cent from Rs 1,167.7 crore a year ago. EBITDA margins declined slightly to 22.1 per cent from 22.9 per cent, impacted by raw material inflation and GST-led trade transitions, estimated to affect profitability by 350–400 basis points.
Profit After Tax
Profit after tax (PAT) declined 28 per cent to Rs 710 crore compared with Rs 986.3 crore in Q2FY25, reflecting higher costs and one-off GST-related impacts.
Other Key Metrics and Watchpoints
Domestic volume growth: 1–2 per cent
Price growth: 2–3 per cent due to inflation in key inputs
Investor focus: Management commentary on post-GST demand trends, raw material inflation, and growth in the pet-care segment
Strategic direction under new leadership remains a key watchpoint
Stock Performance
At 12:14 pm, shares of Nestlé India were trading 2.52 per cent up at Rs 1252.20 on Thursday. Stock remains down 10 per cent from their 52-week high.
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