Nestle India set for most weekly gains since Oct 2025 on Q4 profit jump

Nestle India

24/04/2026 09:22

** Shares of Nestle India NEST.NS jump 10.19% so far this week; on track for most weekly gains since October 2025

** Stock up 0.43% to 1,416.60 rupees on Friday, top gainer on Nifty 50 .NSEI, which is down 1.39%

** Co posted a 26% jump in Q4 profit, 23% rise in revenue on Tuesday, benefiting from strong demand for packaged foods, including KitKat chocolates and Maggi instant noodles

** Citi ("buy", PT 1,675 rupees) expects ~14% rev growth in FY27

** Says good results largely due to improved demand post consumption tax cuts

** BofA ("underperform", PT 1,320 rupees) says co's strategic priorities are in line with existing playbook

** Stock rated "hold" on average by 36 analysts, median PT at 1,425.50 rupees - LSEG data

** YTD, stock up 9.51% vs Nifty 50 down 8.65%

 (Reporting by Surbhi Misra in Bengaluru)

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