Nestle India hits fresh record after quarterly profit jump

Nestle India

22/04/2026 05:10

** Shares of consumer major Nestle's India unit NEST.NS rise as much as 3.2% to hit fresh record of 1423.90 rupees; last up 2.32%

** Co posted 26% rise in fourth-qtr profit y/y, 23% rise in qtrly rev y/y

** Shares of NEST had climbed 7.3% to record high on Tuesday after reporting quarterly results

** Citi ("buy", PT 1675 rupees) expects ~14% rev growth in FY27, says good results are due to improved demand post consumption tax cuts, among other reasons

** Jefferies ("hold", PT 1325) highlights that rev growth is highest in a decade

** BofA ("underperform", PT 1320 rupees) says co's strategic priorities are in line with existing playbook and unlikely to drive major growth

** NEST up 10.55% YTD

 (Reporting by Abhirami G in Bengaluru)

 ((abhirami.g@thomsonreuters.com))