JM Financial cuts target for Nestle India stock to INR 1,450.00

Published on 10/16/2026 at 16:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached INR 67.82 billion in the second quarter. Nestle India stock costs INR 1,265.50 on October 16, 2026, down 0.81 percent on NSE.

Analyst view and trading

JM Financial cut its Nestle India target to INR 1,450.00 on October 16, 2026.
Revenue reached INR 67.82 billion in the second quarter of fiscal 2027.
Nestle India stock costs INR 1,265.50 at 3:28 p.m. IST on October 16, 2026, down 0.81 percent on NSE.
The price-to-earnings ratio was 59.83 on October 16, 2026.

Nestle India, INE239A01016, Illustration mit AI erstellt.

JM Financial cut its target for Nestle India from INR 1,610.00 to INR 1,450.00 on October 16, 2026, according to Business Standard. The revised target stood 14.58 percent above the NSE price of INR 1,265.50. Nestle India was last at INR 1,265.50 on NSE on October 16, 2026 at 3:28 p.m. IST, down 0.81 percent versus the prior close.

Revenue reached INR 67.82 billion

Nestle India reported consolidated revenue from product sales of INR 67.82 billion for the second quarter of fiscal 2027, up 20.45 percent from INR 56.30 billion in the year-earlier quarter, according to Business Standard on October 16, 2026. The company also reported a 23.80 percent operating margin for the quarter, compared with 21.80 percent a year earlier, according to Financial Express.

Price sits 18.51 percent below its high

The NSE quote stood 18.51 percent below its 52-week high of INR 1,553.00 and 9.16 percent above its 52-week low of INR 1,159.40 on October 16, 2026. Trading volume reached 2,316,050 shares, compared with an average volume of 1,923,168 shares. On October 15, 2026, Nestle India had reported its second-quarter results while management highlighted inflation and commodity-cost pressure, as Business Standard reported.

Valuation carries a 59.83 ratio

Nestle India had a market capitalization of INR 2.4 trillion and a price-to-earnings ratio of 59.83 on October 16, 2026. The revised JM Financial target of INR 1,450.00 provides a dated valuation reference, while Elara Capital lowered its target to INR 1,506.00 from INR 1,625.00 and retained an Accumulate rating, according to Business Standard on October 16, 2026.

Comparison with peers

Nestle India (NSE, INR): minus 0.81 percent, price-to-earnings ratio 59.83, market capitalization INR 2.4 trillion

Britannia Industries (NSE, INR): minus 1.77 percent, price-to-earnings ratio 44.07, market capitalization INR 1.1 trillion

Hindustan Unilever (NSE, INR): minus 0.17 percent, price-to-earnings ratio 29.75, market capitalization INR 4.4 trillion

Trading remains below the yearly high

Nestle India ended the October 16, 2026 NSE session at INR 1,265.50, with the quote 0.81 percent below the prior close. The price position combines a 9.16 percent cushion over the yearly low with an 18.51 percent gap below the yearly high.