WatchTalking point
Profit lagging revenue
Revenue grew 14.6% but profit grew 6.9%, so the company kept less of each rupee of revenue as profit.
Importance 63 / 95 · growth
Nestle India · Research view
Nestle India Ltd.
NSE: NESTLEINDBSE: 500790ISIN INE239A01024Face value ₹1consolidated
₹1,304
−2.41% · 2026-10-01 · 52-wk ₹1,166–₹1,540
Financials to FY2026 · 4 years of history · prices to 2026-10-01consolidatedstandalone
Section 02 · Synthesis
What stands out?
The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.
StrengthConcernWatchContext
Concern
Returns declining
ROE declined from 80.5% to 75.2% year on year.
Importance 46 / 95 · profitability
Strength
Deleveraging
Debt-to-equity fell from 0.18× to 0.00× year on year.
Importance 38 / 95 · financial health
Section 03 · The company
Who is this company?
Classified by the exchange under Fast Moving Consumer Goods › Fast Moving Consumer Goods › Food Products › Packaged Foods.
- Market cap
- ₹2.51 L cr
- FY2026 revenue
- ₹23,155 cr
- FY2026 net profit
- ₹3,499 cr
- Net worth
- ₹5,157 cr
- Total debt
- ₹24 cr
- EPS (basic)
- ₹18.15
- Listed
- NSE · BSE
- Reporting
- Ind-ASApr–Mar
Peer set used on this page: 2 packaged foods.
Section 04 · Business performance
Is the business growing?
RevenueNet profit
Watch
Revenue grew 14.6% but profit grew 6.9%, so the company kept less of each rupee of revenue as profit.
Rule PROFIT_SLOWER_THAN_REVENUE
- Revenue growth per year
- +14.6%over 1 years
- Revenue growth
- +14.6%vs last year
- Net profit growth
- +9.1%vs last year
- Change in net profit since FY25
- +9%
Section 05 · Recent activity
What changed recently?
Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.
Strength
Q1 FY27 net profit was ₹959 cr, up 48.3% from ₹647 cr a year earlier.
Rule QTR_PROFIT_GROWTH_YOY
Strength
Q1 FY27 EBIT was ₹1,373 cr, up 44.9% from ₹947 cr a year earlier.
Rule QTR_OPERATING_PERFORMANCE_CHANGE_YOY
Strength
Q1 FY27 revenue was ₹6,378 cr, up 25.2% from ₹5,096 cr in Q1 FY26 a year earlier.
Rule QTR_REVENUE_GROWTH_YOY
A. Quarterly results
RevenueNet profit
| Quarter | Revenue | YoY | Net profit | YoY | Net margin |
|---|---|---|---|---|---|
| Q2 FY25 | 5,104 | — | 899 | — | 17.6% |
| Q3 FY25 | 4,780 | — | 688 | — | 14.4% |
| Q4 FY25 | 5,504 | — | 873 | — | 15.9% |
| Q1 FY26 | 5,096 | — | 647 | — | 12.7% |
| Q2 FY26 | 5,644 | +10.6% | 743 | −17.4% | 13.2% |
| Q3 FY26 | 5,667 | +18.6% | 998 | +45.1% | 17.6% |
| Q4 FY26 | 6,748 | +22.6% | 1,111 | +27.2% | 16.5% |
| Q1 FY27 | 6,378 | +25.2% | 959 | +48.3% | 15.0% |
B. TTM snapshot
Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters
- Revenue
- ₹24,437 crTTM
- EBITDA
- ₹5,803 crTTM
- EBIT
- ₹5,073 crTTM
- PBT
- ₹5,034 crTTM
- Net profit
- ₹3,811 crTTM
C. Corporate actions
10 Jul 2026DividendSpecial Dividend - Rs. - 2.0000 — ₹2.00/share
10 Jul 2026DividendFinal Dividend - Rs. - 5.0000 — ₹5.00/share
6 Feb 2026DividendInterim Dividend - Rs. - 7.0000 — ₹7.00/share
8 Aug 2025Bonus issueBonus issue 1:1 — 1:2
4 Jul 2025DividendFinal Dividend - Rs. - 10.0000 — ₹10.00/share
7 Feb 2025DividendInterim Dividend - Rs. - 14.2500 — ₹14.25/share
16 Jul 2024DividendFinal Dividend - Rs. - 8.5000 — ₹8.50/share
16 Jul 2024DividendInterim Dividend - Rs. - 2.7500 — ₹2.75/share
15 Feb 2024DividendInterim Dividend - Rs. - 7.0000 — ₹7.00/share
5 Jan 2024Stock splitStock Split From Rs.10/- to Rs.1/- — 10:1
1 Nov 2023DividendInterim Dividend - Rs. - 140.0000 — ₹140.00/share
21 Apr 2023DividendInterim Dividend - Rs. - 27.0000 — ₹27.00/share
21 Apr 2023DividendFinal Dividend - Rs. - 75.0000 — ₹75.00/share
31 Oct 2022DividendInterim Dividend - Rs. - 120.0000 — ₹120.00/share
21 Apr 2022DividendFinal Dividend - Rs. - 65.0000 — ₹65.00/share
21 Apr 2022DividendInterim Dividend - Rs. - 25.0000 — ₹25.00/share
26 Oct 2021DividendInterim Dividend - Rs. - 110.0000 — ₹110.00/share
29 Apr 2021DividendInterim Dividend - Rs. - 25.0000 — ₹25.00/share
29 Apr 2021DividendFinal Dividend - Rs. - 65.0000 — ₹65.00/share
29 Oct 2020DividendInterim Dividend - Rs. - 135.0000 — ₹135.00/share
11 Jun 2020DividendFinal Dividend - Rs. - 61.0000 — ₹61.00/share
10 Dec 2019DividendInterim Dividend - Rs. - 55.0000 — ₹55.00/share
9 Aug 2019DividendSpecial Dividend - Rs. - 180.0000 — ₹180.00/share
9 Aug 2019DividendInterim Dividend - Rs. - 23.0000 — ₹23.00/share
6 May 2019DividendInterim Dividend - Rs. - 23.0000 — ₹23.00/share
Section 06 · Business performance
Is it becoming more profitable?
EBITDA marginNet margin
Concern
ROE declined from 80.5% to 75.2% year on year.
Rule ROE_DETERIORATED_YOY
- EBITDA margin now
- 23.1%
- 2-year range
- 23.1–23.9%
- ROE FY2026
- 76.3%
- ROCE FY2026
- 93.5%
Section 07 · Financial health
Is financial health improving?
Net worth (shareholders' funds)
Strength
Debt-to-equity fell from 0.18× to 0.00× year on year.
Rule LEVERAGE_DECREASED_YOY
Operating cash flowNet profit
- Total debt
- ₹24 cr
- Operating cash flow ÷ net profit
- 1.44×FY2026
- Free cash flow
- ₹4,221 cr
- Current ratio
- 0.96×
Section 08 · Relative position
How does it compare with peers?
Ranked against 2 packaged foods (FY2026, consolidated). No peer-relative rule fired for this company.
Not enough peers in this set report the underlying metrics yet for a ranking.
- P / E
- 66.0×TTM to Jun 26
- P / B
- 48.8×latest book
- P / S
- 10.3×TTM sales
- Earnings yield
- 1.5%TTM to Jun 26
On the trailing twelve months. Last full year: P/E 71.9× · P/S 10.8× · ROE 76.3%.
Section 09 · The stock
How has the stock performed?
Long-term price performance is shown above.
- 1-year return
- +11.8%
- 3-year return
- +15.9%
- 5-year return
- +33.4%
- From 52-wk high
- −15.3%
Section 10 · Technical data
What does the technical data say?
Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.
- vs 50-day avg
- Below₹1,446
- vs 200-day avg
- Below₹1,359
- RSI (14)
- 30.5neutral
- MACD histogram
- -5.1
- From 52-wk high
- −15.3%
- From 52-wk low
- +11.8%
- 30-day volatility
- 23.4%ann.
- 6-month return
- +10.2%
Section 11 · Open questions
What should I investigate further?
Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.
- WatchProfit lagging revenueRevenue grew 14.6% but profit grew 6.9%, so the company kept less of each rupee of revenue as profit.PROFIT_SLOWER_THAN_REVENUE · conviction 63
- ConcernReturns decliningROE declined from 80.5% to 75.2% year on year.ROE_DETERIORATED_YOY · conviction 46
- Only 4 annual year(s) of financials loaded — multi-year trend analysis is limited.
Section 12 · Reference
The numbers
The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.
| Metric | FY25 | FY26 |
|---|---|---|
| Revenue | 20,202 | 23,155 |
| Total income | 20,260 | 23,195 |
| EBITDA | 4,833 | 5,346 |
| Profit before tax | 4,340 | 4,610 |
| Net profit | 3,208 | 3,499 |
| EPS (₹) | 33.3 | 18.1 |
| Net worth | 4,010 | 5,157 |
| Total debt | 753 | 24 |
| Operating cash flow | 2,936 | 5,048 |
| Free cash flow | 932 | 4,221 |
| Ratio | FY25 | FY26 |
|---|---|---|
| Growth | ||
| Revenue growth YoY | — | 14.6 |
| Profit growth YoY | — | 9.1 |
| Profitability | ||
| EBITDA margin % | 23.9 | 23.1 |
| Net margin % | 15.8 | 15.1 |
| Return on equity % | 80.0 | 76.3 |
| Return on capital % | 90.1 | 93.5 |
| Leverage & cash | ||
| Debt to equity | 0.19 | 0.00 |
| Cash flow ÷ profit | 0.92 | 1.44 |
| Current ratio | 0.80 | 0.96 |