Nestle India extends gains after quarterly results 'positively surprise' traders

Nestle India

17/10/2025 05:27

** Nestle India NEST.NS extends gains to climb 1% to 1,289 rupees, its highest level in more than one year

** Stock rose as much as 5.3% on Thursday after the Maggi noodles maker reported higher quarterly profit, led by rebound in urban demand

** Centrum analysts call results a "positive surprise", highlighting a pick-up in revenue momentum and volume-led growth

** Results boosted by strong recovery in sales volumes, says ICICI Direct, adding softening coffee and cocoa prices to support margins in the second half
** Stock rated "hold" on avg; median PT is 1,210 rupees, per data compiled by LSEG

** YTD, stock up ~19% vs FMCG index's .NIFTYFMCG 1.2% decline

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))