* All four product groups recorded strong double-digit growth
The Board of Directors of Nestlé India today approved the results for the first quarter of financial year 2026-2027.
Commenting on the results, Mr. Manish Tiwary, Chairman and Managing Director, Nestlé India, said: “We delivered a strong quarter with sales growth of 25.4% led by volume growth. Sales stood at INR 6,363.3 crore, powered by continued consumer trust in our brands and a strong focus on execution. Exports delivered 35.6% growth, despite ongoing geopolitical headwinds.
During the quarter, we further accelerated operational cost savings and continued to step up investments behind our brands with advertising spends increasing by over 40%, with a healthy EBIDTA margin of 24.2%. Profit After Tax for the quarter stood at INR 975.1 crore, up 47.9% over the corresponding quarter.
All four product groups delivered strong double-digit growth, supported by high double-digit growth across channels.
The Confectionery product group recorded another strong quarter of volume led double-digit growth that was bolstered by premiumisation and e-commerce, with strong underlying transaction across powerhouse brands. KITKAT continued to gain market share.
The Powdered and Liquid Beverages product group recorded another quarter of strong and consistent performance, marking the 20th consecutive quarter of double-digit growth. This performance was powered by increased coffee penetration, accelerated premiumization, and deeper category relevance across consumer segments, supported by sustained brand-building that continues to strengthen our equity and by an expanding footprint.
Over the past year, NESPRESSO has expanded its presence across Delhi NCR, Mumbai and Bengaluru through a range of retail formats, including boutique, pavilion and pop-up. The launch of the NESPRESSO pavilion in Bengaluru this quarter marks another step in taking the brand closer to discerning consumers, meeting them in the spaces and moments where they seek premium coffee experiences.
The Prepared Dishes and Cooking Aids product group recorded strong double-digit growth, driven by sharper engagement with urban consumers, continued expansion in rural markets and focused innovations. This translated into gains in both market share and penetration.
The Milk Products and Nutrition product group recorded strong, broad-based performance built on underlying volume growth across key brands and channels. The delivery was supported by disciplined brand investments in strengthening category fundamentals, including digital activation, consumer-needs oriented portfolio refinement and continued focus on execution excellence across the portfolio.
The Pet Food business delivered strong double-digit growth, supported by portfolio expansion, wider distribution and sharper consumer engagement. We strengthened our presence in cat food with the launch of FELIX Gravy Lover and PRO PLAN Cat, addressing evolving pet parent needs across mainstream and premium offerings.
Nestlé Professional continued its robust momentum and delivered double-digit volume-led growth, evolving its portfolio into a total solution provider for operator needs across all channels in the Out-of-Home space.
General Trade continued to deliver strong double-digit growth across town classes, with rural markets leading the momentum. Rural distribution touchpoints expanded during the quarter, strengthening direct reach and improving the quality of coverage. This progress was underpinned by technology-led interventions, including DMS adoption at the sub-distributor level, which helped deepen retailer engagement and improve execution across rural markets.
Even as we delivered strong business performance, we remained focused on building the capabilities, partnerships and value chains that strengthen our business for the long term. This is especially evident in our sustainability journey, particularly in the work we are doing to build a more resilient dairy value chain. Across our milk procurement network, we continue to work closely with dairy farmers to promote climate-resilient and resource-efficient practices that are meaningful on the ground. These efforts help strengthen livelihoods, reduce environmental impact and create a dairy ecosystem that is more productive, resilient and future-ready.
Near our Moga factory in Punjab, Bachitter Singh, a third-generation dairy farmer, offers a compelling glimpse of how sustainability can strengthen the future of dairy. On his farm, improved feeding systems, modern infrastructure, energy-efficient operations and scientific manure management are making the farm more productive and resilient. Technologies such as total mixed ration feeding, automated milking systems and a biodigester are helping convert waste into value, generating renewable energy and returning nutrients to the soil. Stories like Bachitter Singh’s are made possible by the collective effort of many hands across our ecosystem.
My sincere appreciation to our esteemed Board, shareholders, employees, retailers, distributors, government stakeholders and other partners for their continued trust, commitment and support. Their efforts enabled us to stay close to consumers and execute with agility and discipline, even in a demanding environment.”
Financial Highlights: Quarter 1, 2026-2027
Total Sales of INR 6,363.3 crore
Total Sales Growth at 25.4%, Domestic Sales Growth at 25.0%
EBITDA margin of 24.2%
Profit After Tax stood at INR 975.1 crore, up 47.9% over the corresponding quarter
Earnings Per Share of INR 5.06
Business Comments – Quarter 1, 2026-27:
E-commerce: Sustained strong growth momentum, with Quick Commerce emerging as a key growth lever. Performance was supported by improved product availability, a more tailored platform-specific pack portfolio across relevant categories, focused on- and off-platform media investments, and strong participation during key festive occasions.
Organized Trade: Delivered double-digit growth across key categories, driven by sharper in-store execution, impactful consumer activations, enhanced visibility, and continued expansion of the store footprint.
Out-of-Home (OOH): Delivered strong customer acquisition, supported by innovation and premiumization across categories, including expansion of the beverage portfolio with NESCAFÉ® Duo Gusto (hot and cold offerings) and the introduction of low- and zero-sugar beverage options. Recipe led innovations included MAGGI® Coconut Milk powder’s expansion into coastal cuisines and tapping into emerging café and bakery applications for MILKMAID®.
Exports: Expanded its international footprint through new variants of MAGGI® Noodles SKUs in Canada, larger sauce pack formats for the HoReCa channel, and a wider MAGGI portfolio across Europe. Following the successful launch of NESCAFÉ® Sunrise in the UAE and Saudi Arabia, exports to Lebanon commenced. In recognition of its growing export contribution, Nestlé India was accorded 4-Star Export House status, reinforcing its contribution to the Make in India initiative.
Product Groups Performance (Domestic) – Quarter 1, 2026-27:
Prepared Dishes and Cooking Aids: MAGGI® continued to focus on building brand love by doing exclusive product drops and collaborations, be it the exclusive limited edition MAGGI® bowl on the emerging Q-com platforms and the on-ground collaboration with Uniqlo on merchandise. MAGGI® also launched two exclusive seasonal flavours to ring in the monsoon season with MAGGI® tandoori masala and curry masala. Focus remained on building the MAGGI® spicy range with the launch of Spicy Green Chilli nationally. The brand also launched the new MAGGI® Veg Atta now with MAGGI® masala tastemaker to help increase brand penetration.
Milk Products and Nutrition: Science-based portfolio of nutritional products for infants continued to deliver sequentially strengthening performance, supported by amplified efforts to protect and grow the trust that parents and healthcare professionals place in these products. EVERYDAY® returned to positive momentum in priority markets and the toddlers-specific products continued to deliver strong growths and market share gain.
Confectionery: Continued to outperform the category with strong penetration gains. Increased investments behind key brands, impactful partnerships such as KITKAT® with One Piece and a sharp focus on premiumisation were key drivers of growth.
Powdered and Liquid Beverages: Driven by high double-digit, volume-led growth in NESCAFÉ® CLASSIC and NESCAFÉ® SUNRISE, alongside robust growth in the premium portfolio, led by NESCAFÉ® GOLD. The Ready-to-Drink (RTD) business scaled rapidly during the quarter, reinforcing NESCAFÉ® RTD as a key pillar of future growth by addressing the emerging consumer need for indulgence.
Commodity Outlook:
Commodity markets remain mixed. Coffee is expected to remain well supplied, supported by higher production in Brazil and Vietnam, though short-term volatility may persist due to fund activity and weather-related harvest delays in Brazil. Cocoa and sugar remain under pressure, with cocoa impacted by erratic rainfall across key producing origins and sugar strengthening on lower-than-expected crop estimates, with uneven monsoon conditions linked to El Niño posing a risk to the next crop. Edible oil prices remain stable at elevated levels. Wheat and milk are expected to remain range-bound, while the protein complex (including dairy based proteins) continues to face inflationary pressure as demand from nutrition and protein-fortification trends outpaces supply expansion.
Cautionary Statement:
Statements in this Press Release, particularly those which relate to outlook, describing the company’s projections, estimates and expectations may constitute ‘forward looking statements’ within the meaning of applicable laws and regulations. Actual results might differ materially from those either expressed or implied in the statement depending on the circumstances.
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