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Informist, Friday, Jan. 30, 2026

 

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--Nestle India Oct-Dec net profit INR 10.18 bln 
--Analysts saw Nestle India Oct-Dec net profit at INR 7.36 bln 
--Nestle India Oct-Dec revenue INR 56.67 bln 
--Analysts saw Nestle India Oct-Dec revenue at INR 52.77 bln 
--Nestle India Oct-Dec net profit includes one-time income INR 1.57 bln 
--Nestle India Q3 PAT includes one-time INR 2.0 bln income tax writeback
--Nestle India Oct-Dec profit excluding exceptional income INR 8.61 bln 
--Nestle India to pay INR 7 per share interim dividend 
--Nestle India interim dividend record date is Feb 6 
--Nestle India to invest in two SPVs with Adani Green, Radiance Renewables 
--Nestle India Oct-Dec labour code implementation cost INR 103.7 mln 
--Nestle India Oct-Dec net profit INR 10.18 bln vs INR 6.96 bln year ago 
--Nestle India Oct-Dec revenue INR 56.67 bln vs INR 47.80 bln year ago 
--Nestle India Apr-Dec net profit INR 24.30 bln vs INR 24.29 bln year ago 
--Nestle India to invest in SPVs for captive renewable energy power plants 
--Nestle India Apr-Dec revenue INR 164.07 bln vs INR 146.98 bln year ago 
--Nestle India Oct-Dec domestic sales INR 54.03 bln vs INR 45.66 bln year ago 
--Nestle India Oct-Dec export sales INR 2.41 bln vs INR 1.96 bln year ago 
--Nestle India Oct-Dec EBITDA INR 12.02 bln vs INR 11.03 bln year ago 
--Nestle India Oct-Dec EBITDA 21.3% of sales 
--Nestle India appoints Edouard Mac Nab as ED-finance & control, CFO 
--Nestle India: Milk prices have not softened even in flush season 
--Nestle India appoints Jagdeep Singh Marahar as ED-Technical from Jun 1 
--Nestle India: Edible oil prices elevated, seen sideways in H1 2026 
--Nestle India: Coffee prices low, stable on good yield in India, Vietnam

 

By Shakshi Jain and Narayana Krishna

 

MUMBAI/HYDERABAD – Fast-moving consumer goods major Nestle India Ltd. Friday reported a sharp year-on-year rise in its bottom line for the December quarter, helped by a considerable one-time income arising from a tax writeback. As a result, the company's bottom line jumped back into growth territory after declining for three quarters.

 

The country's largest instant noodles maker also posted healthy double-digit year-on-year growth in its top line for the December quarter. This is Nestle India's highest-ever quarterly turnover, Chairman and Managing Director Manish Tiwary said in a press release.

 

Tiwary said the top-line growth in the December quarter was led by a broad-based volume uptick. The overall volume growth in Oct-Dec was the strongest in nearly five years, he said. The company's year-on-year rise in the top line for the December quarter was the highest in 11 quarters.

 

Nestle India surpassed the Street's expectations for the company's bottom line as well as top line by a wide margin. Its standalone revenue from operations for the December quarter rose nearly 19% on year to INR 56.67 billion. Analysts had expected the company's top line to be INR 52.77 billion. Sequentially, however, the company's top-line was largely flat.

 

Nestle India's standalone net profit for the quarter rose over 46% on year and over 35% on quarter to INR 10.18 billion. Analysts had pegged the company's bottom line at INR 7.36 billion. Without the exceptional items reported for the December quarter, the company's net profit would have been INR 8.61 billion, still higher than analysts' consensus estimate. The net profit for the quarter after excluding the exceptional items represents a rise of nearly 24% on year. The company's bottom line for Oct-Dec 2024 was INR 6.96 billion.

 

For the reporting quarter, Nestle India posted a one-time gain of INR 1.57 billion. This comprises a writeback of INR 2.02 billion tied to an earlier income-tax matter, a restructuring cost of INR 350 million involving provisions for severance compensation for employees, and another one-time cost of INR 103.7 million because of an increase in gratuity liabilities prompted by the new labour codes.

 

The company's domestic sales for the December quarter grew over 18% on year to INR 54.02 billion while exports rose nearly 23% to INR 2.41 billion. Nestle India's earnings before interest, tax, depreciation, and amortisation for the reporting quarter improved by 9% on year to INR 12.02 billion. This is a little over 21% of the company's revenue from operations for the quarter.

 

Nestle India's total expenses for the December quarter rose nearly 21% on year to INR 46.68 billion, driven by an increase of almost 19% in cost of materials consumed to INR 24.65 billion. Its other expenses rose nearly 24% on year to INR 13.36 billion.

 

Edible oil prices remain elevated and are expected to move sideways in the first half of 2026 while coffee prices have stabilised at levels lower than last year on favourable crop yields in both Vietnam and India, the company said in the release. Milk prices, however, have not softened despite the flush season due to robust demand, it said.

 

The board of Nestle India approved investment in two special purpose vehicles, one with Adani Green Energy Ltd. and another with Radiance Renewables Pvt. Ltd., to set up captive renewable-power plants to secure green energy in a cost-effective manner for its manufacturing facilities. Nestle India will invest up to 26% in the capital of the special purpose vehicles and consume at least 51% of the annual power generated by each, it said.

 

The board also appointed of Edouard Dominique Jean Mac Nab as an additional director and whole-time director and designated him executive director of finance and control and chief financial officer. He will be among the key managerial personnel of the company. The board also approved the appointment of Jagdeep Singh Marahar as executive director, technical, effective Jun. 1.

 

For the first nine months of the financial year 2025-26 (Apr-Mar), the company's standalone profit growth was flat year-on-year at INR 24.30 billion. Its revenue from operations for the period rose nearly 12% on year to INR 164.07 billion.

 

Nestle India has declared an interim dividend of INR 7 per share for FY26 with Feb. 7 as the record date. On Friday, shares of the company closed 3.5% higher at INR 1,332.40 on the National Stock Exchange. The company released its earnings during market hours.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Rajeev Pai

 

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