Nestlé (Malaysia) (NESTLE) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 rose 6.3% year-over-year to RM1.88 billion, driven by resilient domestic demand and festive season sales.

• Profit before tax increased 27.6% to RM271.9 million, and profit after tax grew 27.1% to RM205.1 million compared to Q1 2025.

• Operational resilience was supported by local sourcing initiatives and expanded community outreach during Ramadan.

Financial highlights

• Gross profit increased 9.5% year-over-year to RM599.2 million.

• Operating profit rose 24.0% to RM284.5 million.

• Basic earnings per share improved to 87.47 sen from 68.80 sen in Q1 2025.

• Net assets per share stood at RM2.43 at quarter-end.

• Effective tax rate for the quarter was 24.6%.

Outlook and guidance

• The external environment in 2026 is expected to remain volatile, but fundamentals and diversified portfolio are expected to support resilient results.

• Focus areas include maintaining brand relevance, disciplined cost management, and consistent execution across channels.