Preview: Nestle India inches higher ahead of first-quarter earnings

Nestle India

22/07/2026 05:05

** Shares of Nestle India NEST.NS rise ~1% to 1,461.80 rupees ahead of June quarter earnings 
** NEST is projected to deliver strong revenue growth of around 20% y/y, with EBITDA growth of 20.7% y/y, making it one of the better-performing staples companies in the coverage universe - Jefferies
** Nestle India has reduced grammage for Maggi by 7–9% across price packs, indicating a pricing and mix-led approach to drive growth and offset cost pressures - Elara
** Elara sees revenue growth of ~21.3% y/y for NEST, among the strongest in the FMCG sector covered by the brokerage
** Co's initiatives like investments in brands, strengthening distribution and increasing capacity are 
cumulatively boosting strong performance delivery - Motilal Oswal 
** Thirty-five analysts have a "hold" rating on avg; median PT is 1,461 rupees - data compiled by LSEG
** YTD, NEST up ~14% vs Nifty FMCG's .NIFTYFMCG 12.1% fall
($1 = 96.2350 Indian rupees)

(Reporting by Urvi Dugar and Kashish Tandon in Bengaluru)
((UrviManoj.Dugar@thomsonreuters.com;))