Nestle India Limited has informed the Exchange regarding Appointment of Mr Manish Tiwary as the Chairman w.e.f. August 01, 2025.
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Nestle India reported Q1 FY26 standalone total sales of INR 5,074 crore, up 5.9% year-on-year, with domestic sales growing 5.5%. Net profit for the quarter came in at INR 659.2 crore, translating to an EPS of INR 6.84 (standalone) and INR 6.71 (consolidated). EBITDA margin held at 21.7% of sales, but raw material costs rose to 45.0% of sales from 42.5% a year ago, reflecting elevated commodity prices. The company returned to volume-led growth in 3 of 4 product groups—Prepared Dishes, Beverages and Confectionery—while 7 of 12 top brands posted double-digit growth and e-commerce contributed 12.5% of domestic sales. The Board appointed Mr. Manish Tiwary as Chairman and Managing Director effective August 1, 2025, succeeding Mr. Suresh Narayanan who retires on July 31, 2025.
A planned, orderly leadership transition with Tiwary (previously Managing Director) elevated to CMD, signalling continuity for shareholders. Q1 results show steady topline growth but continued margin pressure from commodities—investors will watch input cost trends and the new leadership's growth priorities.