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Commenting on the results, Mr. Manish Tiwary, Chairman and Managing Director, Nestlé India, said: “I am pleased to share that the quarter saw a continuation of strong and broad-based growth across all product groups, with total sales reaching INR 6,782.2 crore, with a growth of 20.5%, that was driven by robust, double-digit volume growth. We continued to focus on efficiencies across our operations while significantly increasing investments behind our brands, with advertising and marketing spends up by 46%. EBITDA margin remained healthy at 23.8%. Profit After Tax for the quarter stood at INR 1,026.8 crore, up 36.3% over the corresponding quarter.
Rising inflation, particularly food inflation, is a reality. We remain focused on navigating these external challenges through continuous innovation and renovation, sustained investments behind our brands, and an intensified focus on productivity and operational efficiencies to mitigate commodity cost pressures. I would like to thank our teams for their extraordinary commitment, resilience, and unwavering focus on execution in this challenging environment.
At Nestlé India, food safety and quality are the foundation of consumer trust. I am proud of the unflinching commitment of our colleagues across our manufacturing units and would like to congratulate them for receiving the CII Food Safety & Quality Awards for our Sanand and Ponda factories and the Nestlé Global Quality Award for the Samalkha factory. These recognitions reaffirm our commitment to delivering safe, high-quality products to millions of consumers every day.
Confectionery product group recorded another strong quarter of volume led double-digit growth, driven by continued market share gains in KITKAT® and sustained momentum across MUNCH® and MILKYBAR®.
Powdered and Liquid Beverages product group delivered another quarter of strong, volume-led growth. This performance was driven by sustained household reach, enhanced affordability and continued premiumization across the coffee portfolio. Our continued investments behind the NESCAFÉ® brand, coupled with a dual focus on expanding category penetration and accelerating premiumization, continue to strengthen category relevance and reinforce our long-term growth ambitions.
NESPRESSO® continued its strong growth momentum in e-commerce and retail channels fuelled by continuing premiumization and building seasonal relevance in summer through iced coffee.
Prepared Dishes and Cooking Aids product group delivered strong growth. MAGGI® noodles continued to expand through rural penetration, while MAGGI® Masala-ae-Magic continued to focus on driving household penetration by unlocking regional top dish usage across the country.
Milk Products and Nutrition product group saw strong, broad-based growth with investments in brand building and portfolio optimisation.
Pet Food business delivered strong double-digit growth, supported by sharper consumer engagement on digital platforms and focused route to market. We continued to strengthen our presence in the cat food segment through science-based nutritional solutions across mainstream and premium offerings, through FELIX® Gravy Lover, PRO PLAN® Cat and FRISKIES® wet cat. Leveraging Nestlé’s research and innovation capabilities, we remain focused on delivering advanced nutrition tailored to the evolving needs of pets.
Nestlé Professional continued its strong momentum, delivering robust, double-digit, volume-led growth through premium offerings, customer-centric solutions and innovative applications catering to evolving needs of customers in the out-of-home space.
E-commerce also continued its strong trajectory, driven by sustained shopper engagement, portfolio breadth, and focused channel-specific execution. General Trade delivered robust, double-digit growth across town classes, led by strong momentum in rural markets. Continued expansion of rural distribution touchpoints enhanced our direct reach and strengthened market coverage.
Digitalization continues to strengthen execution across our business. Building on the success of NestMitra for retailers, we are now putting data-enabled digital tools directly into the hands of our sales teams, enabling faster decisions and sharper market execution. Our sales officer app equips hundreds of sales officers with near real-time market insights, helping them identify opportunities and improve engagement.
During a recent visit to Bathri, a village adopted under our Village Development Programme near our Tahliwal factory in Himachal Pradesh, I spent time with the Gram Pradhan. As we walked through the village, he shared stories of children staying in school, families paying greater attention to nutrition and hygiene, and farmers looking to the future with renewed confidence. This was a reminder that the true measure of impact lies in helping communities believe that a brighter future is within reach.
I would like to thank our Board, shareholders, employees, retailers, distributors, and partners for their continued confidence and our consumers for the trust they place in our brands.”
Financial Highlights: Quarter 2, 2026-2027
Total Sales of INR 6,782.2 crore
Total Sales Growth at 20.5%, Domestic Sales Growth at 20.4%
EBITDA margin of 23.8%
Profit After Tax stood at INR 1,026.8 crore, up 36.3% over the corresponding quarter
Earnings Per Share of INR 5.32
Business Comments – Quarter 2, 2026-27:
E-commerce: Delivered strong growth, led by continued momentum in Quick Commerce. Growth was supported by improved product availability, a sharper channel-specific assortment and pack architecture, enhanced digital shelf execution, and targeted shopper engagement initiatives across platforms.
Organized Trade: Delivered strong growth across key categories, supported by improved in-store execution, effective consumer activations, enhanced shelf visibility, and continued expansion of the store network.
Out-of-Home (OOH): Growth, supported by customer retention & acquisition, innovation, and premiumization across categories. The beverage portfolio was strengthened through the expansion of NESCAFÉ® Duo Gusto (Industry first hot and cold machine) and an enhanced range of cold beverage solutions like Nestlé SHIKANJI. In the food space, recipe-led innovations drove the expansion of MAGGI® Coconut Milk Powder in coastal cuisines and increased the adoption of MILKMAID® in café and bakery applications.
Exports: Maintained strong double-digit growth momentum, driven by portfolio expansion and continued market development. During the quarter, MAGGI® Masala-e-Magic was launched in Canada, while NESCAFÉ® Sunrise expanded its footprint across five West African markets. The addition of a new instant coffee variant in the Middle East.
Product Groups Performance (Domestic) – Quarter 2, 2026-27:
Prepared Dishes and Cooking Aids: MAGGI® continued to focus on building brand love and providing a wider range of variety to consumers with MAGGI® Double Masala, Spicy range and scaling-up of the new MAGGI® veg atta with taste of MAGGI® masala.
Milk Products and Nutrition: Nutrition category continued to deliver sequentially strengthening performance. Toddlers-specific products delivered strong growth with market share gains.
Confectionery: The premium portfolio was further strengthened with the launch of KITKAT® Delights Choco Lava, while the MUNCH® Onam Pack helped drive festive consumption and consumer engagement. Global Formula 1 partnership was leveraged to launch the F1 Tin Gift Pack, featuring Formula 1 car-shaped chocolates exclusively on e-commerce platforms. The pack received a strong consumer response and performed well during the quarter.
Powdered and Liquid Beverages: Growth remained broad-based and volume-led across the portfolio. NESCAFÉ® CLASSIC continued to drive household recruitment, supported by a renewed communication campaign that strengthened consumer engagement and category relevance. The relaunch of NESCAFÉ® SUNRISE with an improved consumer-preferred recipe and enhanced aroma further strengthened our proposition in the chicory-coffee segment. The premium portfolio, led by NESCAFÉ® GOLD, sustained strong double-digit growth. NESCAFÉ® Ready-to-Drink continued to scale rapidly, reinforcing cold coffee as a key future growth platform for the category.
Commodity Outlook:
Coffee and wheat are expected to remain range-bound, while sugar and edible oils have stabilized at elevated levels. Cocoa remains volatile due to weather-driven crop concerns in key origins. Milk prices have strengthened seasonally but should ease as flush supplies arrive.
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