Nestlé India (NESTLEIND) Q1 25/26 earnings summary

Executive summary

• Achieved volume-led growth in three of four product categories, with seven of twelve top brands growing at double digits.

• Double-digit growth in Powdered and Liquid Beverages, Prepared Dishes and Cooking Aids, and Confectionery; mixed performance in Milk Products and Nutrition.

• E-commerce contributed 12.5% of domestic sales; Out-of-Home business grew at double-digit rates.

• Urban and RUrban markets both showed positive growth, supporting overall market resilience.

• Leadership transition announced: Mr. Manish Tiwary to become Chairman and Managing Director from 1st August 2025.

Financial highlights

• Total sales for Q1 FY2025-26 reached INR 5,074.0 crore, up 5.9% year-over-year; domestic sales grew 5.5%.

• EBITDA margin stood at 21.7% of sales; EBITDA for the quarter was INR 11,002.6 million.

• Net profit for the quarter was INR 659.2 crore; EPS at INR 6.84.

• Cost of materials consumed as a percentage of sales increased from 42.5% to 45.0% year-over-year.

• Export sales registered high double-digit growth, driven by foods, coffee, instant tea, and breakfast cereals.

Outlook and guidance

• Coffee, cocoa, and edible oil prices are stabilizing; milk prices expected to decrease with favorable monsoon.

• Company expects continued growth momentum, with focus on innovation and market expansion.