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Nestle India

NESTLEIND NSE
₹1,248.00 −0.40 (−0.03%)
P/E
58.21
View as Markdown
MCP
Close 4 Nov 2026 ₹1,248.00 −18.10 −1.43% 1Y
Start ₹1,266.10

Key Fundamentals

LargecapFood ProductsFMCG

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
84.10%
Debt to Equity
0.08
EPS (TTM)
₹21.44
Book Value
₹29.96
Market Cap
—
P/E (TTM)
58.21
P/B
41.66
ROE
73.20%
Dividend Yield
1.12%
EBITDA
₹5,346 Cr
52W High
₹1,553.00
52W Low
₹1,147.40
Day Range
₹1,228.40 – ₹1,272.80
Volume
24,12,794

Peer Comparison

Fast Moving Consumer Goods › Food Products › Packaged Foods

Nestle peer comparison
Nestle (this company)
₹1,248.0058.21₹2,42,042 Cr41.661.12%73.20%84.10%₹25,581 Cr₹4,134 Cr
Britannia Industries
₹4,946.3045.75₹1,19,473 Cr23.331.84%53.50%56.00%₹19,529 Cr₹2,610 Cr
Zydus Wellness
₹488.8082.57₹15,590 Cr2.630.24%3.98%4.91%₹4,537 Cr₹188 Cr
Bikaji Foods International
₹472.9043.79₹11,876 Cr7.380.27%17.80%22.00%₹2,872 Cr₹272 Cr
Bombay Burmah Trading
₹1,274.206.89₹8,824 Cr1.261.36%18.70%33.00%₹19,915 Cr₹2,585 Cr
Mrs. Bectors Food
₹208.1643.01₹6,436 Cr5.030.62%11.40%14.10%₹2,119 Cr₹149 Cr
Gopal Snacks
₹246.8836.68₹3,136 Cr5.730.20%4.72%11.70%₹1,608 Cr₹84 Cr
Median 7 companies₹488.8043.79₹11,876 Cr5.730.62%17.80%22.00%₹4,537 Cr₹272 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

57 Good

Data confidence 100/100

Category scores

Quality
88
Strong
Returns, margins, earnings quality 22% weight
Valuation
29
Poor
Cheap vs sector & own history 24% weight
Growth
73
Strong
Sales & profit trajectory 9% weight
Financial Health
89
Strong
Solvency, leverage, coverage 9% weight
Momentum
36
Poor
Trend strength, vol-adjusted 12% weight
Ownership
49
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 92.3%
  • Company has been maintaining a healthy dividend payout of 74.3%

Weaknesses

2
  • Stock is trading at 38.5 times its book value
  • The company has delivered a poor sales growth of 11.6% over past five years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish856
OscillatorsNeutral252
Moving AveragesStrong Bearish604

Key readings

RSI (14)
47.33
Neutral
MACD (12,26,9)
−38.63
Bullish
SMA (50)
1,334.01
Bearish
SMA (200)
1,359.45
Bearish

As of

Analyst Rating

Based on 35 analysts
BUY57%

20 of 35 analysts rate Buy, 11 Hold, 4 Sell.

As of

BUY
20
57%
HOLD
11
31%
SELL
4
11%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10YIrregular period
5YIrregular period
3YIrregular period
1Y+14.62%
TTM+21.68%

Net profit

Net profit growth by window
10YIrregular period
5YIrregular period
3YIrregular period
1Y+6.97%
TTM+38.12%

Operating cash flow

Operating cash flow growth by window
10YIrregular period
5YIrregular period
3YIrregular period
1Y+71.99%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10YIrregular period
5YIrregular period
3YIrregular period
1Y−0.70 pp
TTM+1.00 pp

Revenue by year

Revenue by year, ₹ crore
Dec 2016₹9,141 Cr
Dec 2017₹10,010 Cr
Dec 2018₹11,292 Cr
Dec 2019₹12,369 Cr
Dec 2020₹13,350 Cr
Dec 2021₹14,741 Cr
Dec 2022₹16,897 Cr
Dec 2023₹19,126 Cr
Mar 2025₹20,202 Cr
Mar 2026₹23,155 Cr

Net profit by year

Net profit by year, ₹ crore
Dec 2016₹1,001 Cr
Dec 2017₹1,225 Cr
Dec 2018₹1,607 Cr
Dec 2019₹1,968 Cr
Dec 2020₹2,082 Cr
Dec 2021₹2,118 Cr
Dec 2022₹2,391 Cr
Dec 2023₹2,999 Cr
Mar 2025₹3,314 Cr
Mar 2026₹3,545 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹1,506 Cr −6.4% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 2 Nov 2026
AI opinion · based on fundamentals
Risk medium

Nestle India Ltd trades at ₹1,195 as of 2026-11-02 with a market cap of ₹2,27,907 crore. The company commands a PE of 55.74x and a price-to-book of 39.89x, reflecting premium valuations, while delivering a robust ROE of 67.85% and maintaining a near debt-free balance sheet with a debt-to-equity ratio of 0.08.

Bull Case 7
  • Exceptional return on equity of 67.85% as of 2026-11-02, with a 3-year average ROE of 92% and a 5-year average of 98%, indicating highly efficient capital deployment
  • Virtually debt-free balance sheet with a debt-to-equity ratio of just 0.08, providing significant financial flexibility and resilience during economic downturns
  • TTM sales growth of 22% represents a sharp acceleration compared to the 5-year compounded sales growth of 12% and the 3-year rate of 11%, suggesting improving topline momentum
  • TTM profit growth of 35% significantly outpaces the 10-year compounded profit growth of 15% and 3-year rate of 13%, reflecting expanding profitability
  • Healthy dividend payout ratio of 74.3% with a current dividend yield of 1.2%, rewarding shareholders with consistent capital returns
  • Long-term compounded profit growth of 15% over 10 years demonstrates sustained earnings power through multiple economic cycles
  • ROCE of 56.08% underscores the company's ability to generate strong returns on total capital employed, well above the cost of capital for most FMCG firms
Bear Case 6
  • Stock trades at 39.89x book value, an extreme premium that prices in sustained high returns far into the future
  • 5-year compounded sales growth of only 12% and 3-year sales growth of 11% indicate a moderate topline trajectory relative to the premium valuation
  • Stock price CAGR of -1% over 3 years and -7% over 1 year shows the stock has destroyed value for medium-term holders despite solid fundamentals
  • Current price of ₹1,195 sits 23% below the 52-week high of ₹1,553, indicating a sustained downtrend from recent peaks
  • 5-year compounded profit growth of 11% lags the 10-year rate of 15%, suggesting a period of slower earnings expansion in the medium term
  • 5-year stock CAGR of just 5% implies that much of the earnings growth has been absorbed by valuation compression rather than translating into shareholder returns

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Nestle India delivered strong Q2 FY27 numbers with 20-21% revenue growth and ~37% PAT growth, driven by healthy volumes and margin expansion from lower coffee prices. However, the stock sold off 6.2% post-results as management flagged food inflation concerns, and FSSAI regulatory scrutiny across multiple product lines (Nescafe RTD, infant nutrition, renal nutrition) adds reputational overhang. The underlying business momentum is solid with volume-led growth and premiumisation working, but sustained food inflation and recurring regulatory notices are near-term risks to watch.

Headwinds 3
  • Biggest Nifty50 loser, down 6.2% Oct 20

    Nestle India fell 6.2% during the week, the biggest loser among Nifty50 stocks, after Q2 FY27 earnings and CMD acknowledged rising food inflation as a reality.

  • FSSAI notices on multiple products Oct 17

    FSSAI issued notices to Nestle India for misleading labels on Nescafe Ready-to-Drink beverages (conflicting 'Flavoured Milk' vs 'Dairy Based Drink' classifications) and for selling 'Nestle Resource Renal' without requisite prior approval. This follows separate regulatory action on infant nutrition products in September 2026.

  • Food inflation pressuring margins Oct 20

    CMD Manish Tiwary acknowledged rising food inflation as a reality, with raw-material cost trends flagged as a key monitorable despite near-term margin expansion from lower coffee prices.

Positives 3
  • Q2 revenue up 20-21% YoY Oct 13

    Brokerage estimates project Q2 FY27 revenue of ₹6,765-6,809 crore (20-21% YoY growth) and PAT of ₹1,022-1,034 crore (37-38% YoY growth), with volume growth around 10% and real internal growth of ~14%.

  • Margin expansion despite inflation Oct 13

    EBITDA margins expected to expand 162-170 bps YoY to 23.6-23.7%, with gross margin expanding 79-130 bps aided by lower coffee prices and improved sales mix. EBITDA estimated at ₹1,616 crore, up 28.8% YoY.

  • Premiumisation and distribution gains Oct 13

    Confectionery and beverages segments expected to perform well, supported by quick commerce penetration and premiumisation trends across Maggi, Nescafe, KitKat, Milkmaid and Cerelac portfolios.

Neutral 3
  • Senior management reshuffle for 2027 Oct 21

    Nestle India appointed Gopichandar Jagatheesan and Mansi Khanna as senior managers effective Jan 1, 2027, while Vineet Singh moves to an affiliate role.

  • Nescafe products deemed safe Oct 17

    Nestle India maintained that Nescafe RTD beverages are safe to consume and meet all food safety requirements, stating the FSSAI issue relates only to label classification, not product safety or quality.

  • Stock trading near 52-week range Oct 13

    Shares traded around ₹1,310-1,320 with a market cap of ~₹2.55 lakh crore, within a 52-week range of ₹1,159-1,553.

Quarterly Results

₹ Cr
NESTLEIND quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
5,037
4,600
5,268
4,814
5,104
4,780
5,504
5,096
5,644
5,667
6,748
6,378
6,788
Expenses
3,812
3,505
3,918
3,700
3,936
3,677
4,116
3,996
4,411
4,466
4,976
4,840
5,173
Operating Profit
1,225
1,095
1,350
1,114
1,168
1,103
1,388
1,100
1,233
1,201
1,772
1,538
1,615
OPM %
24%
24%
26%
23%
23%
23%
25%
22%
22%
21%
26%
24%
24%
Other Income
140
−77
37
39
298
4
8.44
4
6
170
−18
16
17
Interest
31
23
26
32
32
35
38
47
46
28
37
42
40
Depreciation
111
109
109
113
122
150
155
157
163
174
205
188
192
PBT
1,222
886
1,251
1,009
1,312
922
1,205
900
1,029
1,168
1,513
1,324
1,399
Tax %
26%
26%
25%
26%
25%
25%
26%
27%
27%
13%
26%
26%
27%
Net Profit
908
656
934
747
986
696
885
659
753
1,018
1,114
975
1,027
EPS (₹)
4.71
3.4
4.84
3.87
5.12
3.61
4.59
3.42
3.91
5.28
5.78
5.06
5.32

Profit & Loss

₹ Cr
NESTLEIND profit and loss, annual, ₹ crore
Particulars Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024 15mMar 2025Mar 2026TTM
Sales
8,175
9,141
10,010
11,292
12,369
13,350
14,741
16,897
19,126
24,394
20,202
23,155
25,581
Expenses
6,620
7,292
7,913
8,675
9,443
10,149
11,178
13,191
14,655
18,551
15,430
17,848
19,455
Operating Profit
1,555
1,850
2,097
2,618
2,926
3,202
3,562
3,706
4,471
5,843
4,771
5,307
6,126
OPM %
19%
20%
21%
23%
24%
24%
24%
22%
23%
24%
24%
23%
24%
Other Income
−391
140
177
259
247
146
−112
107
116
159
352
160
185
Interest
3
91
92
112
129
164
202
155
119
145
136
158
147
Depreciation
347
354
342
336
370
370
391
403
429
568
540
699
759
PBT
814
1,545
1,839
2,429
2,673
2,813
2,857
3,256
4,038
5,289
4,447
4,610
5,404
Tax %
31%
35%
33%
34%
26%
26%
26%
27%
26%
26%
25%
23%
—
Net Profit
563
1,001
1,225
1,607
1,968
2,082
2,118
2,391
2,999
3,933
3,314
3,545
4,134
EPS (₹)
2.92
5.19
6.35
8.33
10.21
10.8
10.99
12.4
15.55
20.4
17.19
18.38
21.44
Div. Payout %
83%
61%
68%
69%
168%
93%
91%
89%
56%
79%
79%
65%
—

Balance Sheet

₹ Cr
NESTLEIND balance sheet, annual, ₹ crore
Particulars Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
96
96
96
96
96
96
96
96
96
96
96
193
193
Reserves
2,721
3,186
3,324
3,577
1,822
1,923
1,850
2,363
2,363
3,244
4,021
5,116
5,770
Borrowings
18
33
35
35
189
147
266
271
271
345
1,167
444
464
Other Liabilities
3,251
3,495
3,907
4,379
5,065
5,733
6,021
6,249
6,249
6,838
7,040
7,604
7,957
Total Liabilities
6,086
6,810
7,363
8,088
7,173
7,900
8,234
8,979
8,979
10,523
12,324
13,357
14,384
Fixed Assets
2,898
2,730
2,616
2,401
2,341
2,179
2,995
3,044
3,044
3,460
5,474
6,290
6,326
CWIP
231
188
94
105
143
639
246
358
358
1,742
1,173
507
553
Investments
1,325
1,756
1,979
2,658
1,751
1,464
774
778
778
464
706
706
777
Other Assets
1,633
2,136
2,673
2,924
2,937
3,618
4,219
4,799
4,799
4,857
4,972
5,854
6,728
Total Assets
6,086
6,810
7,363
8,088
7,173
7,900
8,234
8,979
8,979
10,523
12,324
13,357
14,384

Cash Flow

₹ Cr
NESTLEIND cash flow, annual, ₹ crore
Particulars Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024Mar 2025Mar 2026
Operating
1,098
1,466
1,818
2,052
2,295
2,454
2,236
2,737
3,392
4,175
2,935
5,048
Investing
−70
−126
−131
−52
83
−321
−1,920
−392
−927
−1,237
−1,811
−624
Financing
−498
−666
−997
−1,317
−3,602
−1,956
−2,020
−2,123
−2,436
−3,135
−1,846
−3,179
Net Cash Flow
529
674
691
683
−1,223
177
−1,704
223
29
−198
−723
1,244
Free Cash Flow
949
1,353
1,622
1,890
2,143
1,980
1,505
2,197
2,028
2,296
930
4,221
CFO/EBITDA
93
106
116
112
101
99
83
97
100
94
82
115

Ratios

NESTLEIND financial ratios, annual
Particulars Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Mar 2024Mar 2025Mar 2026
Debtor Days
4
4
3
4
4
5
4
4
4
4
7
5
Inventory Days
103
107
91
92
107
107
111
110
83
83
139
105
Days Payable
94
91
99
118
124
115
122
121
92
112
128
129
Cash Conversion Cycle
12
20
−5
−22
−14
−3
−7
−7
−5
−24
18
−19
Working Capital Days
−21
−10
−15
−21
−20
−22
−20
−16
−10
−19
−19
−24
ROCE %
46%
54%
57%
71%
96%
139%
150%
138%
153%
169%
96%
84%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Nestle insights

73 extracted metrics across FY01–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 62.76%
  • Public 11.84%
  • FIIs 11.69%
  • DIIs 10.67%
  • Others 3.03%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Nestle India

What does Nestle India Ltd do?
Nestle India Limited is a subsidiary of Nestle which is a Swiss MNC. The company operates in the Food segment.
Where is Nestle India Ltd (NESTLEIND) listed?
Nestle India Ltd trades as NESTLEIND on the NSE and under code 500790 on the BSE.
Which sector does Nestle India Ltd belong to?
Nestle India Ltd is classified under the Fast Moving Consumer Goods sector, in the Food Products industry.
What is the PE ratio of Nestle India Ltd?
Nestle India Ltd trades at a PE ratio of 58.21 as of 4 Nov 2026, on earnings per share of ₹21.44, against a book value of ₹29.96 per share.
What is the 52-week high and low of Nestle India Ltd?
Over the last 52 weeks Nestle India Ltd has traded between ₹1,147.4 and ₹1,553 as of 4 Nov 2026.
Does Nestle India Ltd pay dividends?
Nestle India Ltd has a dividend yield of 1.12%.
What is the Return on Equity (ROE) of Nestle India Ltd?
Nestle India Ltd reported a return on equity of 73.20%. Its debt-to-equity ratio is 0.08.

Company Information

Nestle India Limited is a subsidiary of Nestle which is a Swiss MNC. The company operates in the Food segment.

Website nestle.in
Employees 8,419
Listed 3 Dec 1998
Face Value ₹1

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