Nestle India reports 36 percent profit growth as InCred cuts target for Nestle India stock

Published on 10/21/2026 at 09:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nestle India stock posted INR 6,788.30 crore revenue in the September quarter. InCred cut its target to INR 1,375 from INR 1,560 on October 19, 2026.

Quarterly growth meets valuation pressure

Net profit rose 36.32 percent in the September quarter, reported on October 19, 2026.
Revenue reached INR 6,788.30 crore in the second quarter of fiscal year 2027.
Market capitalization stood at INR 2.3 trillion on October 21, 2026.

Nestle India, INE239A01016, Illustration mit AI erstellt.

Nestle India (INE239A01016) delivered 36.32 percent year-over-year profit growth in the September quarter, while InCred cut its price target from INR 1,560 to INR 1,375 on October 19, 2026, according to Fortune India. The combination puts the companys strong quarterly figures beside a more cautious earnings outlook.

Revenue reaches INR 6,788.30 crore

Nestle India reported standalone revenue of INR 6,788.30 crore for the second quarter of fiscal year 2027, up 20.30 percent from INR 5,644 crore a year earlier. Standalone net profit rose 36.30 percent to INR 1,026.77 crore from INR 753 crore, while EBITDA increased 30.60 percent to INR 1,615.50 crore, according to Moneycontrol.

What does the target cut mean?

InCred expects growth to normalize in the second half of fiscal year 2027 as the favorable comparison base fades. Its revised target of INR 1,375 was linked to slower demand, food inflation and limited room for further margin expansion. The same report said gross margin improved by 260 basis points year over year to 56.90 percent, while EBITDA margin reached 23.80 percent.

Three dated results milestones

On April 21, 2026, Nestle India scheduled audited fiscal year 2026 results and a final dividend recommendation, with reported annual revenue of INR 23,155 crore, according to Alfa Finder. On September 25, 2026, the company scheduled its board meeting for the September-quarter results. On October 15, 2026, it released the unaudited second-quarter and first-half results, including the INR 6,788.30 crore revenue figure.

Stock valuation remains demanding

Nestle India was last quoted at INR 1,213.10 on the NSE on October 21, 2026, at 1:24 p.m. IST. Its market capitalization was INR 2.3 trillion, and the 52-week range was INR 1,159.40 to INR 1,553 as of the same quotation.