Nestle India rises after strong fourth-quarter results

Nestle India

21/04/2026 10:07

** Shares of Nestle India NEST.NS, arm of Swiss food major Nestle NESN.S, rise 4.6% to 1,346.8 rupees, extending gains to a fifth straight session after posting quarterly results

** Co posts 26% rise in fourth-quarter profit with net profit at 11.14 billion rupees ($119.06 million), compared to 8.85 billion rupees a year earlier

** Reports revenue from operations of 67.48 billion rupees, up from 55.04 billion rupees in the same quarter last year

** Co announces dividend of 5 rupees per share

** NEST trades at a forward 12-month PE of 66.35 vs industry median of 23.75

** YTD, stock up 2% vs 9.3% decline in the BSE fast moving consumer goods index .BSESCGIP

($1 = 93.5650 Indian rupees)

 (Reporting by Abhinav Parmar)