Nestle India Ltd
NESTLEIND NSE
Nestle India Ltd
Food Products F&ONSE: NESTLEIND BSE: 500790 Packaged Foods
Key Fundamentals
LargecapPackaged FoodsFood ProductsMarket Cap
2.8L Cr
Volatility
Moderate
P/E Ratio
72.98
EBITDA
₹5,346 Cr
Return on Equity
67.85%
Debt to Equity
0.08
Book Value
₹26.74
EPS
₹33.58
52W High
₹1,553
52W Low
₹1,120.5
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Nestle India Ltd insights
41 extracted metrics + investor summaries across FY01–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
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 53.4 times its book value
- The company has delivered a poor sales growth of 11.6% over past five years.
Growth Rate
Revenue Growth
14.48% ↗
Net Income Growth
9.09% ↗
Cash Flow Change
71.90% ↗
ROE
-15.18% ↘
ROCE
-5.43% ↗
EBITDA Margin (Avg.)
-3.35% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 4d agoAI opinion · based on fundamentals
Risk medium
Nestle India is a ₹2,91,908 Cr market cap FMCG company trading at a PE of 75.9x and PB of 56x. The company delivers exceptional return on equity (3-year average ROE of 92%) with near-zero debt, but revenue growth has been moderate at 11-12% CAGR over the past 5-10 years.
Bull Case 8
- Exceptional ROE consistency — 3-year average ROE of 92% and 5-year average of 98%, reflecting highly efficient capital deployment
- Virtually debt-free balance sheet provides financial resilience and flexibility for future investments without leverage risk
- TTM profit growth of 25% significantly outpaces TTM sales growth of 19%, indicating improving margins and operating leverage
- Healthy dividend payout ratio of 74.3% with a yield of 0.93%, demonstrating consistent shareholder returns
- Compounded profit CAGR of 15% over 10 years demonstrates sustained long-term earnings compounding ability
- TTM sales growth has accelerated to 19% compared to the 5-year CAGR of 12%, suggesting improving demand momentum
- Stock has delivered 1-year return of 37%, outperforming the 10-year CAGR of 16%, reflecting strong recent business execution
- Company has actively reduced debt, strengthening an already robust balance sheet and lowering financial risk
Bear Case 8
- Stock trades at 54.7x book value, an extreme premium that leaves little margin of safety for investors
- PE ratio of 75.9x is significantly above the broader market average, pricing in years of perfect execution
- 5-year compounded sales growth of only 11.6% is modest for a stock commanding such premium valuations
- 10-year sales CAGR of just 11% suggests structural limitations on top-line growth in the Indian packaged food market
- Last year ROE declined to 73% from the 3-year average of 92%, indicating potential mean reversion in profitability
- Dividend yield of only 0.93% despite 74.3% payout ratio means most returns depend entirely on capital appreciation at elevated multiples
- 5-year stock CAGR of 11% barely matches the sales growth rate, suggesting limited valuation re-rating potential from current levels
- At 75.9x PE, any slowdown in the 25% TTM profit growth could trigger sharp de-rating given lofty expectations embedded in the price
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 17h ago Positives 3
- Q1 sales surge 25.4% Jul 22
Nestle India reported Q1FY27 sales of ₹6,363.3 crore, up 25.4% YoY, with net profit jumping 47.9% to ₹975.1 crore driven by volume growth.
- FY26 revenue up 14.9%, EBITDA 72% Aug 4
Nestle India shared 14.9% revenue growth and 72% EBITDA growth for FY25-26 at its investor meet, citing volume expansion and premiumization as key drivers.
- Record domestic sales at AGM Jul 30
67th AGM on July 3, 2026 reported highest-ever domestic sales of ₹23,071.5 crore and approved a Special Dividend 2026 of ₹2.00 per share.
Neutral 2
- Steady coffee supply outlook Jul 22
Nestlé expects stable coffee supply supported by increased production in Brazil and Vietnam, though no specific financial metrics were disclosed.
- Virtual analyst meet concluded Aug 4
Nestle India hosted its virtual analyst and institutional investor meet on August 4, 2026, with recording made available on the company website per SEBI regulations.
TL;DR: Nestle India is delivering strong broad-based growth with Q1FY27 sales up 25.4% and FY26 EBITDA surging 72%, supported by volume expansion, premiumization, and deeper rural penetration. No material headwinds are visible in recent news flow. The company declared a special dividend and reported record domestic sales, signalling management confidence. The trend is clearly improving with momentum carrying into FY27.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,659 | 5,037 | 4,600 | 5,268 | 4,814 | 5,104 | 4,780 | 5,504 | 5,096 | 5,644 | 5,667 | 6,748 | 6,378 |
| Expenses | 3,603 | 3,812 | 3,505 | 3,918 | 3,700 | 3,936 | 3,677 | 4,116 | 3,996 | 4,407 | 4,466 | 4,976 | 4,840 |
| Operating Profit | 1,056 | 1,225 | 1,095 | 1,350 | 1,114 | 1,168 | 1,103 | 1,388 | 1,100 | 1,237 | 1,201 | 1,772 | 1,538 |
| OPM % | 23% | 24% | 24% | 26% | 23% | 23% | 23% | 25% | 22% | 22% | 21% | 26% | 24% |
| Other Income | 24 | 140 | -77 | 37 | 39 | 298 | 4 | 9 | 4 | 2 | 170 | -18 | 16 |
| Interest | 33 | 31 | 23 | 26 | 32 | 32 | 35 | 38 | 47 | 46 | 28 | 37 | 42 |
| Depreciation | 107 | 111 | 109 | 110 | 113 | 122 | 150 | 155 | 157 | 163 | 174 | 205 | 188 |
| PBT | 939 | 1,222 | 886 | 1,251 | 1,009 | 1,312 | 922 | 1,205 | 900 | 1,029 | 1,168 | 1,513 | 1,324 |
| Tax % | 26% | 26% | 26% | 25% | 26% | 25% | 25% | 26% | 27% | 27% | 13% | 26% | 26% |
| Net Profit | 698 | 908 | 656 | 934 | 747 | 986 | 696 | 885 | 659 | 753 | 1,018 | 1,114 | 975 |
| EPS in Rs | 3.62 | 4.71 | 3.4 | 4.84 | 3.87 | 5.12 | 3.61 | 4.59 | 3.42 | 3.91 | 5.28 | 5.78 | 5.06 |
Profit & Loss
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Mar 2024 15m | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 24,437 |
| 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 | 18,689 |
| 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 | 5,747 |
| 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 | 170 |
| Interest | 3 | 91 | 92 | 112 | 129 | 164 | 202 | 155 | 119 | 145 | 136 | 158 | 154 |
| Depreciation | 347 | 354 | 342 | 336 | 370 | 370 | 391 | 403 | 429 | 568 | 540 | 699 | 730 |
| PBT | 814 | 1,545 | 1,839 | 2,429 | 2,673 | 2,813 | 2,857 | 3,256 | 4,038 | 5,289 | 4,447 | 4,610 | 5,034 |
| 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 | 3,860 |
| EPS in Rs | 2.92 | 5.19 | 6.35 | 8.33 | 10.21 | 10.8 | 10.99 | 12.4 | 15.55 | 20.4 | 17.19 | 18.38 | 20.03 |
| Div. Payout % | 83% | 61% | 68% | 69% | 168% | 93% | 91% | 89% | 56% | 79% | 79% | 65% | — |
Balance Sheet
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 96 | 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 |
| Borrowings | 18 | 33 | 35 | 35 | 189 | 147 | 266 | 271 | 271 | 345 | 1,167 | 444 |
| 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 |
| 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 |
| 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 |
| CWIP | 231 | 188 | 94 | 105 | 143 | 639 | 246 | 358 | 358 | 1,742 | 1,173 | 507 |
| Investments | 1,325 | 1,756 | 1,979 | 2,658 | 1,751 | 1,464 | 774 | 778 | 778 | 464 | 706 | 706 |
| 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 |
| 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 |
Cash Flow
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Mar 2024 | Mar 2025 | Mar 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/OP | 93 | 106 | 116 | 112 | 101 | 99 | 83 | 97 | 100 | 94 | 82 | 115 |
Ratios
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Mar 2024 | Mar 2025 | Mar 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% |
Documents
1
Clarification sought from Nestle India Ltd
12 Jun - Exchange has sought clarification from Nestle India Ltd on June 12, 2026, with reference to news appeared in https://www.moneycontrol.com dated June 12, 2026 quoting "Nestle … 12 Jun - Exchange has sought clarification from Nestle India Ltd on June 12, 2026, with reference to news appeared in https://www.moneycontrol.com dated June 12, 2026 quoting "Nestle …
2
Newspaper Advertisement - Public Notice Regarding Intimation To The Shareholders About 100-Days Campaign By IEPFA -'Saksham Niveshak'
8 May - Nestlé India published IEPFA Saksham Niveshak notice urging shareholders to claim unpaid dividends. 8 May - Nestlé India published IEPFA Saksham Niveshak notice urging shareholders to claim unpaid dividends.
3
Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations'): Intimation Of A One-On-One Meet With An Analyst Scheduled On 12Th May 2026
7 May - Nestlé India schedules one-on-one analyst meet on 12 May 2026 at 2:30 PM IST. 7 May - Nestlé India schedules one-on-one analyst meet on 12 May 2026 at 2:30 PM IST.
4
Public Notice Regarding Loss Of Share Certificates
24 Apr - Public notice issued on 24 April 2026 for lost share certificates; claims invited within 15 days. 24 Apr - Public notice issued on 24 April 2026 for lost share certificates; claims invited within 15 days.
5
Convening Of 67Th Annual General Meeting ('AGM') On Friday, 3Rd July 2026 Through Video Conferencing/ Other Audio-Visual Means (VC/ OAVM).
21 Apr - Nestle India posted FY26 audited results, recommended Rs 5 final dividend, and fixed 3 July 2026 AGM. 21 Apr - Nestle India posted FY26 audited results, recommended Rs 5 final dividend, and fixed 3 July 2026 AGM.
4
Detailed Proceedings Of The 67Th Annual General Meeting Of The Company Held On 3Rd July 2026 30 Jul 2026
General_Announcements
5
Newspaper Advertisement Published On 24Th July 2026 - Public Notice Regarding Loss Of Share Certificate(S) 24 Jul 2026
General_Announcements
Frequently Asked Questions about Nestle India Ltd
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 is listed on the Indian stock exchanges. It is listed on NSE: NESTLEIND and BSE: 500790. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Nestle India Ltd belong to?
Nestle India Ltd operates in the Food Products sector within the Packaged Foods industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Nestle India Ltd?
Nestle India Ltd has a market capitalisation of approximately ₹284040.70 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Nestle India Ltd?
The Price-to-Earnings (PE) ratio of Nestle India Ltd is 72.98. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Nestle India Ltd?
Over the past 52 weeks, Nestle India Ltd has traded between a low of ₹1,120.5 and a high of ₹1,553. This range helps investors understand the stock's price volatility and recent trading levels.
Does Nestle India Ltd pay dividends?
Yes, Nestle India Ltd has a dividend yield of 0.95%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Nestle India Ltd?
Nestle India Ltd has a Return on Equity (ROE) of 67.85%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Nestle India Ltd on Tapetide?
On Tapetide, you can view Nestle India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Nestle India Limited is a subsidiary of Nestle which is a Swiss MNC. The company operates in the Food segment.