On 6 Nov 2026, Nestle India was priced at ₹1,282.10, or 60.6× trailing earnings, against an industry P/E of 19.5×, and the shares are 17% below their 52-week high. Its ROE of 80% is the highest among the 7 largest Packaged Foods peers. It has almost no debt, and its dividend yield is 0.9%. It is a large-cap company with a market cap of ₹2.5 lakh crore, the largest of 127 Packaged Foods companies by market cap; the shares fell 0.5% over the past year.
- ₹1,248.00
- ₹1,282.10
- ₹1,238.30
- ₹1,258.30
- 17.6 L
Health check
- ReturnsIn line
−0.5% over a year, better than 4 of 7 peers.
- Price tagPricier
P/E 60.6 vs industry 19.5.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityStrong
ROE 79.9% vs peer median 11.1%.
- Balance sheetSolid
Debt 0.08× equity, interest covered 37.9×.
- Red flags1 to check
P/E of 60.6 against an industry P/E of 19.5.
Large cap
Defensive
Key metrics
- Market cap
- ₹2.5L Cr
- Large cap
- P/E
- 60.6
- Industry 19.5
- Price to book
- 42.76
- Peers 4.86
- Dividend yield
- 0.94%
- ROE
- 79.9%
- Peers 11.1%
- ROCE
- n/a
- Peers 13.2%
- Debt to equity
- 0.08
- Debt ₹464 Cr
- EPS (TTM)
- ₹21.15
- Face value ₹1
- OPM (TTM)
- 21.0%
- Net margin 16.0%
- Sales growth
- +20.3%
- Latest quarter vs a year ago
- Profit growth
- +35.8%
- Latest quarter vs a year ago
- Price to sales
- 9.68
- EV/EBITDA 41.1
Strengths and risks
Strengths
- Return on equity of 79.9%.
- Practically debt-free.
- Quarterly profit up 35.8% on a year ago.
- Quarterly sales up 20.3% on a year ago.
- Positive operating cash flow in each of the last 3 years.
Risks to check
- P/E of 60.6 against an industry P/E of 19.5.
About Nestle India
Nestlé India Limited engages in the manufacture and sale of food products in India and internationally. It offers milk products and nutrition, including dairy whitener, condensed milk, UHT milk, yogurt, maternal and infant formula, baby foods, health care nutrition; prepared dishes and cooking aids, such as noodles, sauces, seasonings, pasta, cereals, and pet foods; powdered and liquid beverages comprising instant coffee and tea, as well as ready to drink…
- Headquarters
- Gurugram
- Employees
- 8,356
- Sector
- Consumer Defensive
- ISIN
- INE239A01024
- Website
- nestle.in
Price range
- Avg volume (3M)
- 16.8 L
- 1-year return
- minus 0.5%
- From 52-week high
- minus 17.4%
Analyst consensus
Peers · Packaged Foods
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NESTLEINDNestle India | 1,282.10 | plus 1.89% | 2,47,229 | 60.6 | 42.76 | – | 79.9% | 21.0% | – | – | 0.94% | minus 0.5% |
| BRITANNIABritannia Industries | 4,785.00 | minus 3.92% | 1,15,255 | 43.2 | 27.13 | 61.2% | 66.7% | 18.4% | 5.7% | 3.0% | 1.89% | minus 15.5% |
| TATACONSUMTata Consumer Products | 1,086.30 | plus 0.80% | 1,07,511 | 63.3 | 4.86 | 8.3% | 7.6% | 14.0% | 13.9% | 8.6% | 0.92% | minus 8.6% |
| PATANJALIPatanjali Foods | 411.50 | plus 0.19% | 44,776 | 22.7 | 3.42 | 11.2% | 14.8% | 4.2% | 8.7% | 27.0% | 0.98% | minus 28.6% |
| HATSUNHatsun Agro Product | 1,068.10 | plus 0.33% | 23,792 | 66.0 | 12.07 | 20.2% | 19.0% | 10.7% | 11.2% | 29.0% | 1.87% | plus 2.4% |
| MILKYMISTMilky Mist Dairy Food | 297.20 | plus 0.93% | 22,880 | 91.2 | 8.88 | – | 9.7% | 10.1% | – | – | 0.00% | plus 63.7% |
| AWLAWL Agri Business | 167.00 | minus 0.48% | 21,573 | 18.7 | 1.98 | 15.3% | 11.1% | 2.9% | 8.7% | 21.4% | 0.60% | minus 39.5% |
| ZYDUSWELLZydus Wellness | 468.60 | minus 1.29% | 14,909 | 60.5 | 2.53 | 3.4% | 4.2% | 13.1% | 20.7% | −14.0% | 0.26% | plus 2.5% |
| Median of 7 peers | – | 0.19% | 23,792 | 60.5 | 4.86 | 13.2% | 11.1% | 10.7% | 10.0% | 15.0% | 0.92% | −8.6% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|
| 5,448 | 5,074 | – | 5,644 | 6,363 | 6,782 | |
| 4,067 | 3,974 | – | 4,441 | 4,825 | 5,167 | |
| 1,381 | 1,100 | 1,069 | 1,202 | 1,538 | 1,615 | |
| 25.4% | 21.7% | – | 21.3% | 24.2% | 23.8% | |
| −0.6 | −8.5 | – | −7.9 | 6 | 3.1 | |
| 37.5 | 46.9 | – | 28.3 | 42.2 | 40.3 | |
| 151 | 157 | – | 174 | 188 | 192 | |
| 0.6 | – | – | 157 | −6.2 | −3.7 | |
| 1,192 | 888 | – | 1,148 | 1,308 | 1,382 | |
| 26.7% | 27.2% | – | 13.1% | 26.7% | 27.0% | |
| 873 | 647 | – | 998 | 959 | 1,010 | |
| – | 3.35 | – | 5.17 | 4.97 | 5.24 |
Profit & loss
- ROE
- 79.9%
| ₹ Cr | Dec 2021 | Dec 2022 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 14,665 | 16,790 | 20,078 | – | |
| 11,102 | 13,041 | 15,292 | – | |
| 3,563 | 3,748 | 4,786 | 5,334 | |
| 24.3% | 22.3% | 23.8% | – | |
| 120 | 88.4 | 18.2 | – | |
| 202 | 155 | 136 | 124 | |
| 390 | 403 | 518 | 674 | |
| −234 | −23.2 | 166 | −100 | |
| 2,857 | 3,256 | 4,316 | – | |
| 25.9% | 26.6% | 25.7% | – | |
| 2,118 | 2,391 | 3,208 | – | |
| 10.99 | 12.39 | 16.63 | – |
Forecast
Balance sheet
| ₹ Cr | Dec 2021 | Dec 2022 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 96.4 | 96.4 | 96.4 | – | |
| 1,850 | 2,363 | 3,914 | – | |
| 266 | 271 | 1,167 | – | |
| 6,021 | 6,249 | 7,016 | – | |
| 8,234 | 8,979 | 12,193 | – | |
| 3,255 | 3,484 | 6,672 | 6,838 | |
| 261 | 440 | 1,198 | 548 | |
| 711 | 560 | – | – | |
| 819 | 1,230 | 206 | 1,435 | |
| 3,189 | 3,265 | 4,118 | – | |
| 8,234 | 8,979 | 12,193 | – |
Cash flow
| ₹ Cr | Dec 2021 | Dec 2022 | Mar 2025 |
|---|---|---|---|
| 2,236 | 2,737 | 2,935 | |
| −1,920 | −392 | −1,811 | |
| −2,020 | −2,123 | −1,846 | |
| −1,704 | 223 | −723 | |
| −735 | −550 | −2,009 | |
| 1,501 | 2,188 | 926 | |
| −1,928 | −2,025 | −2,459 |
Shareholding pattern
- Promoters62.76%
- Public37.24%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 62.76% | 37.24% | 0.00 | |
| 30 Jun 2026 | 62.76% | 37.24% | 0.00 | |
| 31 Mar 2026 | 62.76% | 37.24% | 0.00 | |
| 31 Dec 2025 | 62.76% | 37.24% | 0.00 | |
| 30 Sep 2025 | 62.76% | 37.24% | – |
Major shareholders
Filings & events
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