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Nestlé India Shares Hit Record High on Strong Results
22 Apr
Summary
- Nestlé India revenue rose 23% year-on-year in Q4 FY26.
- EBITDA margins were maintained at a healthy 26.3%.
- Analysts offer mixed valuations despite strong performance.
Nestlé India's shares reached an all-time high of ₹1,424 on April 22, 2026, following a robust performance in the quarter ending March 2026. Revenue from operations saw a significant 23% year-on-year increase, reaching ₹6,748 crore, fueled by double-digit volume growth.
The company effectively managed its expenses, increasing advertising spends by over 50% while sustaining a healthy EBITDA margin of 26.3%. Management attributed the resilient performance to strong volume-led growth and steady market share gains across key brands, navigating a volatile commodity environment.
Key brands like MAGGI noodles maintained leadership, with KITKAT and NESCAFÉ accelerating their market share gains. Axis Securities maintained a 'BUY' rating with a target price of ₹1,640, citing consistent growth. However, Motilal Oswal Financial Services expressed caution regarding valuation, maintaining a 'Neutral' rating with a target of ₹1,400.
Elara Capital upgraded the stock to 'Accumulate' and raised its target price to ₹1,475, acknowledging sustained volume growth and an improving trajectory. While Nestlé India demonstrates strong fundamentals and growth, the market is now focused on its valuation.
