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Nestle India Q2 sales rise 20.5%, profit up 36% as material costs fall to 43.1% of sales
Our read
Nestle India's domestic sales grew 20.4% in the quarter ended 30 September 2026, so retailers should expect firm packaged-food demand and keep its core range well stocked, while lower material costs may leave Nestle more room on trade terms.
Watch
Cost of materials above the 43.1% of sales reported for Q2 in the next quarterly results would mean input-cost relief is fading and the profit jump will not repeat.
Ask next
The report,
Nestle India reported 20.5% total sales growth and 20.4% domestic sales growth for the quarter ended 30 September 2026. Standalone profit for the period was 10,267.7 against 7,532.0 a year earlier. Cost of materials fell to 43.1% of sales from 45.5%.
- Q2 standalone revenue from operations, ₹ million
- 67,821.7
- Q2 standalone EBITDA, ₹ million
- 16,154.8
- Q2 standalone profit, ₹ million (7,532.0 a year earlier)
- 10,267.7
- Q2 materials cost, % of sales (45.5% a year earlier)
- 43.1%
Reported figures
From the report. Source details below
| Q2 standalone EBITDA: | 16,154.8 |
|---|---|
| Q2 standalone revenue from operations: | 67,821.7 |
| Q2 standalone earnings per share: | 5.32 |
| Equity stake in Radiance KA Sunshine Seven: | 26% |
Why it matters to operators
Nestle India's revenue from operations of 67,821.7 million and materials cost down to 43.1% of sales from 45.5% make it a strong FMCG benchmark when valuing food peers or weighing distribution and sourcing partnerships.
What to watch next
- Domestic sales growth in the next results compared with the 20.4% reported
- Price increases or promotional pushes by Nestle India's FMCG rivals
- Movement in key input commodity prices over the coming quarter
- Nestle India's advertising and promotion spend as a share of sales in the next results
Likely next moves
Our read of what comes next — analysis, not reported by the source.
- Nestle India is likely to put part of the cost-of-materials saving into advertising, promotions and launches rather than let the full gain reach profit.
- Expect Nestle India to hold list prices and rely on mix and pack-size changes, since easing input costs reduce the need for further increases.
- Rival FMCG makers may step up discounts and promotions in the coming quarters to defend share against a Nestle India growing at 20.5%.
- Analysts are likely to raise earnings estimates for Nestle India, which would put pressure on the company to show the margin gain is lasting.
- Nestle India may keep adding capacity and distribution to support domestic demand, which grew 20.4% in the quarter.
The source
Published
Also reported by Moneycontrol, NDTV Profit, CNBC-TV18, Financial Express, Storyboard18, Free Press Journal Business, BW Retail World, The Hindu BusinessLine, Business Today, Business Standard, exchange4media, Mint, News18, Times Now Business, ET Small Business, BW Marketing World, Social Samosa, India Retailing, afaqs
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