Nestle India (NESTLEIND) reported a ₹1,027 crore net profit for the September quarter, up 36.4% YoY, and revenue hit ₹6,788 crore, a 20.3% rise.
The stock slid 8% after trading floor expected a larger beat, and the day’s low left investors scrambling.
EBITDA climbed 30.6% YoY to ₹1,615 crore, lifting the margin to 23.8% from 21.9%, per the BSE filing, beating the CNBC‑TV18 consensus of 23.4%.
Domestic sales surged 20.4%, with confectionery and powdered beverage lines posting double‑digit volume growth; KitKat market share gains, Maggi penetration in rural areas, and pet food digital engagement all contributed.
Nestle flagged that coffee and wheat will stay range‑bound, while sugar and edible oils remain elevated; cocoa volatility persists due to weather, said COO Satish P. on the earnings call.
At 09:30 IST, shares closed at ₹1,323.1, down 4.34% from the day’s low, and the company trades at ~49× FY28 earnings estimate, leaving limited upside.
Nestle will report Q3 results on December 12; analysts expect a 12% revenue lift if commodity prices stabilize, and the board will review capital allocation.