Nestlé India (NESTLEIND) Q2 25/26 earnings summary

Executive summary

• Achieved double-digit sales growth led by volume, with domestic sales reaching an all-time high of INR 5,411 crore for the quarter ended 30th September 2025.

• Three out of four product groups delivered strong double-digit volume growth; Confectionery, Beverages, and Prepared Dishes & Cooking Aids outperformed.

• Pet Food and Out-of-Home businesses reported high double-digit growth, with new product launches and expanded distribution.

• E-commerce and organized trade channels saw accelerated growth, supported by festive activations and new launches.

Financial highlights

• Total sales for Q2 2025-26 were INR 5,630.2 crore, up 10.9% year-over-year; domestic sales grew 10.8%.

• EBITDA margin stood at 22.0% of sales for the quarter.

• Profit after tax for the quarter was INR 753.2 crore; EPS was INR 3.90 (restated for bonus issue).

• Export sales posted high double-digit growth, driven by strong demand across product groups.

Outlook and guidance

• Company expects milk prices to soften post-festive season, coffee prices to stabilize, and cocoa supply-demand to balance globally.

• Edible oil prices are expected to remain firm or rise due to tight global supply.

• Management remains focused on volume-led growth, brand investment, and manufacturing capacity expansion.