Nestle India Ltd(NESTLEIND)

NSE: NESTLEINDBSE: 500790

₹ 1,168-0.46%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 2.25 L crWebsite: www.nestle.inUpdated: 27 Oct 2026

About

Nestlé India is a packaged foods company selling branded nutrition, beverages, confectionery and culinary products, with FY26 revenue of Rs 23,154.6 Cr. Its portfolio spans MAGGI noodles, NESCAFÉ coffee, KitKat, Munch and dairy-nutrition brands distributed across 6.2 million retail outlets as of June 2026. India is the largest market worldwide for MAGGI and the second largest for KITKAT. The company operates nine factories and has invested over INR 64 billion in capacity since 2020.^[1][2]

Business segments

The company reports a single Food segment covering Milk Products and Nutrition, Prepared Dishes and Cooking Aids, Powdered and Liquid Beverages, and Confectionery (FY25).^[2]
FY25 segment revenue: India Rs 19,292.67 Cr; Outside India Rs 784.83 Cr.^[2]

Brands and portfolio

India was the largest market worldwide for MAGGI and the second largest market globally for KITKAT (FY25).^[2]
By revenue, India became the second largest country for Nestlé's Out-of-Home business in the Asia, Oceania and Africa zone (FY25).^[2]
NESCAFÉ recorded its 20th consecutive quarter of double-digit growth as of Q1 FY27.^[3]
MAGGI household penetration stood at 56% in 2025.^[3]
Premium portfolio was 14% of sales in FY25-26, up from 11% in 2021, growing at ~17% CAGR since 2021.^[3]
~150 new products launched over nine years; innovation contributed ~6.5% of domestic sales in 9M 2024-25 vs ~1.5% in 2016.^[4]
NESPRESSO website is live in India, delivering across 16,000+ pin codes; a Delhi boutique opened, followed by Mumbai and other cities.^[4]

Manufacturing and capacity

The company runs nine factories and uses 22 co-manufacturers and co-packers (FY25).^[2]
Factories are at Moga, Nanjangud, Samalkha, Sanand, Tahliwal, Pantnagar, Choladi, Ponda and Bicholim.^[2]
Capacity for MAGGI, coffee and chocolate is up more than 35% since 2020 (as of Q3 FY25).^[4]
Over INR 64 billion invested in capex since 2020; a new MAGGI line (~Rs 170 Cr) and a new Munch line (~Rs 225 Cr) were commissioned in the last calendar year (as of Q1 FY27).^[3]
Coffee manufacturing capacity was doubled at the Nanjangud factory.^[4]
Sanand became the third confectionery factory after Ponda and Tahliwal and is producing KITKAT; KITKAT capacity expansion is continuing.^[4]

Expansion projects

A 10th factory in Odisha is planned as a zero-touch, carbon-neutral Factory of the Future with a majority women workforce; investment was to begin very soon as of Q3 FY25.^[4]

Key operating numbers

Volume growth was 10.7% in full-year FY25-26, described by management as broad-based across categories.^[3]
Digital advertising was 55% of total ad spend in FY25-26, up from 33% in 2021.^[3]
A&SP grew 40.6%, 42.2% and 51.8% YoY in Q2, Q3 and Q4 FY26; 12% in Q1 FY27; 11.2% for full-year FY25-26.^[3]
Annual cost savings rose to 2.6% of sales in 2025 from a 2021-2024 average of ~1.8-1.9%.^[3]
Milk Products and Nutrition volumes have been restricted by inflation-driven price increases and cooperative competition, mostly in the mid-price segment (as of Q3 FY25).^[4]

Distribution and reach

Total retail reach was 6.2 million outlets as of June 2026.^[3]
Products move through about 10,000 distributors and re-distributors; a Nestlé product reaches 2 out of 3 households in India (FY25).^[2]
Distribution points grew from 13,500 in 2021 to 45,300 in FY25-26; village coverage rose from 1,10,200 to 2,19,700 over the same period.^[3]
Over 500,000 retail outlets were added since 2023 (as of Q1 FY27).^[3]
RUrban direct reach stood at 3.6 million outlets in 2024.^[4]
E-commerce including quick commerce was 8.5% of sales in 2024 vs ~1% in 2016; platforms include Blinkit, Instamart, Zepto, Amazon Now, Flipkart Minutes and Big Basket.^[4][3]

Sourcing and people

The company sources from over 90,000 farmers (80,000 dairy, 5,000 coffee, 2,500 spice) and 4,600 suppliers (FY25).^[2]
The company had 8,629 employees (FY25).^[2]

Corporate actions

JV with Dr Reddy's for medical/specialised nutrition and nutraceuticals: Dr Reddy's 51%, Nestlé India 49%, with a call option to 60% after six years; formed July 2024.^[5][4]
The NBS division was sold by slump sale to a related party effective 1 July 2024.^[5]
The Board recommended a FY25 final dividend of ₹10 per share.^[2]

Market Cap

₹2,25,227 Cr

High / Low

₹1,553 / 1,157

Stock P/E

55.5

Price / Book

39.2

Book Value

₹27

EPS

₹18.1

No. of Shares

192.83 Cr

ROCE

86.6%

ROE

76.3%

OPM

20.0%

Debt / Equity

0.00

Sales

₹23,155 Cr

Net Profit

₹3,499 Cr

Promoter holding

62.8%

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