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Nestle India Q2 FY27 results: net profit up 35.9% to ₹1,010 crore, revenue up 20.3%
Nestle India Limited reported consolidated revenue of ₹6,788 crore in Q2 FY27, up 20.3% from a year earlier. Net profit was ₹1,010 crore, up 35.9%, while basic EPS increased to ₹5.24; EBITDA margin widened by 1.9 percentage points.
Key points
- Consolidated revenue rose 20.3% year on year to ₹6,788 crore and increased 6.4% from Q1 FY27.
- EBITDA rose 30.6% year on year to ₹1,615 crore, with margin increasing 1.9 percentage points to 23.8%.
- Net profit increased 35.9% from a year earlier to ₹1,010 crore, while basic EPS rose to ₹5.24.
- H1 FY27 revenue was ₹13,166.52 crore and net profit was ₹1,968.29 crore, up 22.6% and 41.6% respectively.
- The stock closed 6.9% lower on the reaction day and was down 14.2% from its pre-results close by the fifth session.
How did Nestle India perform in Q2 FY27?
Nestle India reported consolidated revenue of ₹6,788 crore for Q2 FY27, up 20.3% from ₹5,644 crore in Q2 FY26 and 6.4% from ₹6,378 crore in Q1 FY27. Total income was ₹6,809 crore in the quarter, against ₹5,645 crore a year earlier and ₹6,401 crore in the previous quarter.
EBITDA rose 30.6% year on year to ₹1,615 crore, up from ₹1,237 crore in Q2 FY26, and increased 5.0% from ₹1,538 crore in Q1 FY27. EBITDA margin reached 23.8%, compared with 21.9% a year earlier and 24.1% in the previous quarter.
Profit before tax was ₹1,399 crore, up 36.1% from a year earlier and 5.7% from Q1 FY27. Net profit increased 35.9% year on year to ₹1,010 crore and 5.3% sequentially, while basic EPS rose to ₹5.24 from ₹3.86 a year earlier and ₹4.97 in the previous quarter. On a standalone basis, revenue was ₹6,788 crore and net profit was ₹1,026.77 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 6,788 | 6,378 | 5,644 | +20.3% | +6.4% |
| Other income | 20.26 | 22.47 | 1.64 | +1135.4% | −9.8% |
| Total expenses | 5,406 | 5,070 | 4,617 | +17.1% | +6.6% |
| EBITDA | 1,615 | 1,538 | 1,237 | +30.6% | +5.0% |
| EBITDA margin | 23.8% | 24.1% | 21.9% | +1.9 pp | −0.3 pp |
| Profit before tax | 1,399 | 1,324 | 1,029 | +36.1% | +5.7% |
| Tax | 372.59 | 349.27 | 275.32 | +35.3% | +6.7% |
| Net profit | 1,010 | 958.68 | 743.17 | +35.9% | +5.3% |
| EPS (₹) | 5.24 | 4.97 | 3.86 | +35.8% | +5.4% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Nestle India's costs and profit?
Total expenses rose 17.1% year on year to ₹5,406 crore, below the 20.3% increase in revenue. Cost of materials consumed increased by ₹164.05 crore, or 6.8%, employee cost rose by ₹32 crore, or 6.0%, and depreciation increased by ₹29.07 crore, or 17.8%.
Other expenses increased by ₹387.59 crore, or 30.0%, while finance costs fell by ₹6.14 crore, or 13.2%. Other income rose by ₹18.62 crore, from ₹1.64 crore to ₹20.26 crore. The filing did not state reasons for these movements.
Q2 FY27 included an exceptional charge of ₹3.69 crore, compared with no exceptional item in Q2 FY26. Tax expense increased by ₹97.27 crore, or 35.3%, to ₹372.59 crore. The net profit margin rose to 14.9% from 13.2% a year earlier.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 2,566 | 2,402 | +164.05 | +6.8% |
| Employee cost | 568.73 | 536.73 | +32 | +6.0% |
| Finance costs | 40.27 | 46.41 | −6.14 | −13.2% |
| Depreciation | 192.42 | 163.35 | +29.07 | +17.8% |
| Other expenses | 1,680 | 1,292 | +387.59 | +30.0% |
| Total expenses | 5,406 | 4,617 | +788.82 | +17.1% |
| Other income | 20.26 | 1.64 | +18.62 | +1135.4% |
| Tax | 372.59 | 275.32 | +97.27 | +35.3% |
| Exceptional items | −3.69 (charge) | none |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, consolidated revenue was ₹13,166.52 crore, up 22.6% from ₹10,739.77 crore in H1 FY26, while total income increased 22.9% to ₹13,209.25 crore from ₹10,745.45 crore. The first-half figures cover the six months ended 30 September 2026.
Profit before tax rose 41.2% to ₹2,723.75 crore from ₹1,928.99 crore. Net profit increased 41.6% to ₹1,968.29 crore from ₹1,389.76 crore, and basic EPS rose to ₹10.21 from ₹7.21.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 13,167 | 10,740 | +22.6% |
| Profit before tax | 2,724 | 1,929 | +41.2% |
| Net profit | 1,968 | 1,390 | +41.6% |
| EPS (₹) | 10.21 | 7.21 | +41.6% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹14,176.13 crore, compared with ₹13,182.49 crore at 31 March 2026. Total equity rose to ₹5,777.04 crore from ₹5,156.97 crore, while borrowings were ₹25.34 crore against ₹24.44 crore. Cash increased to ₹1,705.35 crore from ₹1,320.57 crore.
Inventories stood at ₹2,818.62 crore, up from ₹2,569.22 crore at the previous balance sheet date. Trade receivables increased to ₹394.32 crore from ₹329.47 crore, and trade payables rose to ₹3,043.09 crore from ₹2,966.65 crore.
For H1 FY27, net cash generated from operating activities was ₹2,258.43 crore, against ₹2,314.05 crore in H1 FY26. Investing cash flow was negative ₹387.59 crore compared with negative ₹325.99 crore, while financing cash flow was negative ₹1,416.07 crore against negative ₹1,718.74 crore. Capital expenditure was ₹468.68 crore, against no reported capital expenditure for H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 14,176 | 13,182 |
| Total equity | 5,777 | 5,157 |
| Borrowings | 25.34 | 24.44 |
| Cash and equivalents | 1,705 | 1,321 |
| Inventories | 2,819 | 2,569 |
| Trade receivables | 394.32 | 329.47 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 2,258 | 2,314 |
| Cash from investing | −387.59 | −325.99 |
| Cash from financing | −1,416 | −1,719 |
| Capital expenditure | 468.68 | 0 |
Source: Company's results filing (XBRL).
How has Nestle India done over the last 8 quarters?
Revenue has risen year on year in each of the last five quarters. It reached a quarterly high of ₹6,788 crore in Q2 FY27, while Q2 FY27 profit of ₹1,009.61 crore was below Q4 FY26's ₹1,110.9 crore. EBITDA margin was 23.8%, below Q4 FY26's peak of 26.3% and above Q1 FY26's low of 21.6%.
Profit has increased year on year in each of the last four quarters. After Q1 FY27, revenue rose to ₹6,788 crore from ₹6,378 crore, while profit increased to ₹1,009.61 crore from ₹958.68 crore. The margin declined from 24.1% in Q1 FY27 to 23.8% in Q2 FY27.
How did Nestle India shares react?
Nestle India shares were 5.7% lower five minutes after the filing appeared, and the decline widened to 4.2% after 15 minutes and 2.9% after 30 minutes. The stock closed 6.9% lower on the reaction day, from the previous close to the close of the first session that could trade on the news.
By the next day's close, the stock was down 7.6% from its pre-results close. By the fifth session, it was down 14.2%. The Packaged Foods industry median moved 0.2% lower on the reaction day, 0.6% lower by the next day and 7.3% lower by the fifth session; Nestle India underperformed the industry by 6.6 percentage points, 7.1 percentage points and 7.0 percentage points, respectively.
Earlier reaction-day moves were positive on 22 July 2026, 21 April 2026, 30 January 2026, 16 October 2025 and 31 January 2025. They ranged from 3.0% to 8.6%, while the reactions on 24 July 2025, 17 October 2024 and 25 July 2024 were 5.5%, 3.3% and 2.9% lower, respectively.
| After the filing | Stock | Packaged Foods median |
|---|---|---|
| 5 minutes | −5.7% | |
| 15 minutes | −4.2% | |
| 30 minutes | −2.9% | |
| Reaction day | −6.9% | −0.2% |
| Next day | −7.6% | −0.6% |
| 5 days | −14.2% | −7.3% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 22 July 2026 | +3.0% |
| 21 April 2026 | +8.6% |
| 30 January 2026 | +3.6% |
| 16 October 2025 | +4.7% |
| 24 July 2025 | −5.5% |
| 31 January 2025 | +3.3% |
| 17 October 2024 | −3.3% |
| 25 July 2024 | −2.9% |
Source: MarketPing price-reaction measurement.
How did other Packaged Foods companies do?
Nine other Packaged Foods companies filed for the quarter, with a median revenue growth of -5.0%. Seven peers grew more slowly than Nestle India, while two grew faster than Nestle India. Among the peers for which profit was compared, five reported higher profit.
| Nestle India revenue growth (YoY) | +20.3% |
|---|---|
| Median of 9 other Packaged Foods companies | −5.0% |
| Companies with slower revenue growth than Nestle India | 7 of 9 |
| Companies with faster revenue growth than Nestle India | 2 of 9 |
| Companies whose net profit rose | 5 of 11 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Nestle India's revenue in Q2 FY27?
Revenue from operations was ₹6,788 crore, up 20.3% from ₹5,644 crore in Q2 FY26 (consolidated).
Did Nestle India make a profit in Q2 FY27?
Yes. Net profit was ₹1,010 crore, against a net profit of ₹743.17 crore in Q2 FY26.
What was Nestle India's EPS in Q2 FY27?
Basic earnings per share were ₹5.24, against ₹3.86 in Q2 FY26.
How did Nestle India shares react to the Q2 FY27 results?
On the reaction day the stock moved −6.9% from the previous close; the median Packaged Foods stock moved −0.2%.
When did Nestle India announce its Q2 FY27 results?
On 15 October 2026, in a filing to the BSE.
Sources
- Board Meeting Outcome for Outcome Of Board Meeting Held On 15Th October 2026 (BSE, 15 October 2026) · PDF
- Outcome Of BM Held On 15Th October 2026 (BSE, 15 October 2026) · PDF
- Announcement under Regulation 30 (LODR)-Press Release / Media Release (BSE, 15 October 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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