Nestle India hits highest since Oct. 2024 on quarterly profit jump

Nestle India

30/01/2026 08:46

** Nestle India NEST.NS rises as much as 4% to its highest since October 2024 at 1,338.90 rupees, last up 3.3%

** The Indian arm of Swiss food major Nestle posts Q3 net profit up 46% year-on-year to 10.18 billion rupees ($110.77 million), beating analyst expectations

** Analysts on average expected the Maggi instant noodles maker to post a ~8% y/y jump in profit to 7.51 billion rupees ($81.70 million) - data compiled by LSEG

** Q3 consol rev from ops grew 18.6% YOY

** More than 2.9 million shares exchange hands, ~3x of 30-day avg vol

** NEST rated "hold" on avg by 35 analysts; median PT at 1250 rupees - LSEG data

($1 = 91.9190 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))