Preview: Nestle India rises ahead of third-quarter results

Nestle India

30/01/2026 05:17

** Nestle India NEST.NS rises ahead of third-quarter results

** Shares of the Indian arm of Swiss food major Nestle jump 2.34% to 1317.80 rupees

** Analysts on average expect 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

** Analysts at Centrum expect an 8% y/y volume rise, led by Maggi noodles, coffee and chocolates, on strong momentum and GST rationalisation driving sequential gains

** PhillipCapital sees strong double-digit growth in beverages and confectionery and low double-digit growth in prepared dishes on wider distribution

** Peer Tata Consumer Products TACN.NS posted 38% y/y jump in third-quarter profit on falling tea prices and consumption tax cuts that increased demand for consumer goods

** NEST rated "Hold" on avg by 35 analysts; median PT at 1250 rupees, down ~50% from a year ago - LSEG data

($1 = 91.9190 Indian rupees)

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))