Nestle India's Profit Soars 45% on Strong Volume Growth

Nestle India has reported a substantial 45.1% rise in net profit, amounting to ₹998 crore for the third quarter of FY26. This achievement marks the company's highest profit in the specified period, propelled by exceptional volume-led sales growth. This quarter witnessed the strongest volume expansion in almost five years, underscoring the company's market resilience.

Consolidated net sales saw an 18.6% increase, reaching ₹5,667 crore from ₹4,780 crore in the prior year. Confectionery, including brands like KitKat, experienced robust double-digit growth, fueled by increased advertising and expanded product availability. Powdered and liquid beverages also continued their streak of double-digit growth for the eighteenth consecutive quarter.

Prepared dishes and cooking aids demonstrated strong value growth, supported by accelerated volumes. Milk products and nutrition showed mid-single-digit growth, while the pet food business achieved strong double-digit expansion. All sales channels, from e-commerce to general trade, reported significant double-digit growth. The company also increased its media and advertising spend by 42% year-on-year.

Looking ahead, milk prices are expected to remain firm due to robust demand, and edible oil prices are anticipated to trade sideways. The upcoming wheat harvest in April 2026 looks promising, and coffee prices have stabilized at lower levels compared to the previous year.