Nestle India on track for weekly gain after profit jump

Nestle India

24/07/2026 08:47

** Nestle India NEST.NS shares on track to gain 1.3% this week, ending a two-week losing streak   
** Stock down 0.2% at 1,444.9 rupees, had hit an all-time high on Wednesday
** Co reports a 48% YoY rise in quarterly profit; revenue from ops up 25%
     ** Analysts at Citi Research say structural growth drivers remain intact and should support a healthy growth trajectory
** NEST trades at a forward 12-month PE of 63.68 vs industry median of 21.91
** 16 of 35 brokerages rate the stock "buy" or higher, 14 "hold" and 5 "sell"; their median PT is 1,585 rupees - LSEG-compiled data
** YTD, stock up 12.5% vs 8.9% fall in the Nifty 50 Index .NSEI 

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))