Makes and sells branded packaged food products in India across four product groups, with both a domestic business and an export business. In Q1 FY27, all four product groups posted double-digit growth, with exports growing faster than domestic sales. The cost structure is dominated by raw materials at 42.4% of revenue, followed by other operating expenses at 23.1% and employee costs at 9.4%. Capital intensity is low, with capex at 3.6% of revenue and depreciation at 3.0%. At the 67th AGM, management outlined priorities of consumer centricity, penetration-led volume growth, reinvestment behind brands and capacity, and tech-enabled sales. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Domestic sales, Exports. Steady branded packaged foods with low capital intensity
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 20,202 | 23,155 |
| EBITDA (ex other income) | 4,957 | 5,427 |
| margin % | 24.5 | 23.4 |
| Owners' profit | 0 | 0 |
| EPS, as reported (₹) | 33.27 | 18.15 |
| ROE % · ROCE % | 80.0 · 59.6 | 67.9 · 56.6 |
| Debt / equity (x) | 0.19 | 0.00 |
| Cash from operations | 2,936 | 5,048 |
| Capex | (2,009) | (830) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,104 | 4,780 | 5,504 | 5,096 | 5,644 | 5,667 | 6,748 | 6,378 |
| Profit before tax | 1,204 | 922 | 1,205 | 900 | 1,029 | 1,168 | 1,513 | 1,324 |
| Net profit | 899 | 688 | 873 | 647 | 743 | 998 | 1,111 | 959 |
| EPS (₹) | 9.33 | 7.14 | 9.06 | 6.71 | 3.86 | 5.17 | 5.76 | 4.97 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| NESTLE INDIA LIMITED ◆ | 2,66,742 | 70.0 | 51.72 | 48.5 | 67.9 | 54.7 | — | 24.4 |
| BRITANNIA INDUSTRIES LTD | 1,19,535 | 45.9 | 23.27 | 32.0 | 49.4 | 59.8 | 7.8 | 18.0 |
| ZYDUS WELLNESS LIMITED | 17,452 | 92.7 | 3.00 | 43.2 | 3.4 | 2.4 | 16.2 | 17.1 |
| BIKAJI FOODS INTERN LTD | 13,784 | 53.3 | 8.07 | 30.5 | 14.9 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Nestle India gets partial relief in GST appeal, reduced tax demand of Rs 1.3 crore | regulatory legal | high | — | — |
| 31 Aug 2026 · Nestle India updates on one-on-one institutional investor meet | investor communications | low | — | — |
| 27 Aug 2026 · Nestle India acquires 26% stake in renewable energy firm for captive power | strategic transactions | high | — | — |
| 26 Aug 2026 · Nestle India receives customs order demanding about Rs 12 crore from Mundra Port | regulatory legal | high | — | — |
| 26 Aug 2026 · Customs order demanding Rs 2.47 crore duty plus equal penalty, firm to challenge | regulatory legal | high | — | — |
| 24 Aug 2026 · Nestle India to meet institutional investor on 31 Aug 2026 | board shareholder meetings | low | — | — |
| 12 Aug 2026 · Nestle India informs shareholders about SEBI special window for physical securities | compliance | minimal | — | — |
| 7 Aug 2026 · Nestle India analyst meet: volume-led growth accelerating, ad spend up 40% | investor communications | low | — | — |
| 4 Aug 2026 · Update on virtual analyst and institutional investors meet on 4 August 2026 | investor communications | low | — | — |
| 4 Aug 2026 · Nestle India analyst meet: FY26 revenue up 14.9%, Q1 FY27 jumps 25.4% | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|
| 18.3 |
| — |
| 15.3 |
| BOMBAY BURMAH TRADING COR | 9,974 | 7.7 | 1.04 | 2.8 | 26.0 | 33.5 | 7.8 | 17.7 |
| MRS BECTORS FOOD SPE LTD | 7,452 | 25.3 | 5.86 | 26.1 | 11.1 | 13.1 | 18.3 | 14.7 |
| GOPAL SNACKS LIMITED | 3,225 | 38.4 | 6.74 | — | 15.4 | 19.4 | — | 7.6 |
| ADF FOODS LIMITED | 2,968 | 32.3 | 5.19 | 20.2 | 15.7 | 18.8 | 13.1 | 18.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 70.0 | 31.1 | 31 of 40 | 23% |
| P/B | 51.7 | 3.0 | 34 of 34 | 0% |
| ROCE | 54.7 | 7.0 | 2 of 41 | 98% |
| ROE | 67.8 | 7.7 | 1 of 36 | 100% |
| Debt / Equity | 0.0 | 0.1 | 12 of 36 | 69% |
| EBITDA margin | 24.4 | 9.9 | 3 of 33 | 94% |
| Revenue growth | 25.2 | 14.1 | 16 of 36 | 57% |
| Profit growth | 48.3 | 14.1 | 13 of 33 | 63% |
| Market cap | 266742 | 91 | 1 of 43 | 100% |
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
