Nestle India Earnings Summary — Q2 FY2026

• Achieved highest-ever quarterly domestic sales of INR 5,411 crore, growing 10.8% YoY.
• Three out of four product groups delivered volume-led double-digit growth, indicating healthy demand.
• KITKAT remains a standout performer, making India the second-largest market for the brand worldwide.
• Significant cost pressure observed as materials consumed as a % of sales rose to 45.8% from 43.6% YoY.
• E-commerce maintained strong momentum, supported by festive season unlocks and new product launches.
• Out-of-Home (OOH) business recorded strong double-digit growth, with India being the fastest-growing market in the Zone.
• New production line for MAGGI Noodles at the Sanand Factory in Gujarat is now operational.
• Bonus shares in the ratio of 1:1 were allotted on August 11, 2025, with EPS figures restated accordingly.

Management is focused on a penetration-led volume growth strategy and plans to accelerate investments in brands and manufacturing capacity. They expressed a 'Fast, Focused, Flexible' approach to adapt to evolving market dynamics and recent GST rate amendments to drive affordability.

Improving

Despite higher commodity costs, strong volume-led growth across major categories and record topline performance signal robust underlying demand and market share gains.

The company anticipates stimulation in consumption and affordability following recent GST rate reductions. Continued focus on rural distribution expansion and e-commerce innovation is expected to drive future growth.