# Nestle India share price today (Nestle India Ltd, NSE: NESTLEIND)

> Nestle India share price today: ₹1,248.40 at the NSE close on 3 November 2026, down 1.8% in a year. Nestle India (NSE: NESTLEIND) is worth ₹2,40,730 crore, trades at a P/E of 59.7 and has closed between ₹1,167.00 and ₹1,540.00 over the past 52 weeks. > Nestle India Ltd's earnings have grown faster than its share price. Earnings per share grew +6.9% in a year while the price moved −1.8%. NESTLEIND · FMCG - Dairy Products · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/nestle-india-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹1,248.40 (−1.8% in a year)
- P/E: 59.7× (lower than 96% of the last 10 years)
- Revenue (Sep 2026): ₹6,788 Cr (+20.3% on a year ago)
- Profit (Sep 2026): ₹1,027 Cr (+36.4% on a year ago)
- Operating margin: 24.0% (+2.0 points on a year ago)
- ROCE: 84%, Mar 2026
- ROIC: 93.4%, against a 12.0% cost of capital: +81.4 points

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Nestle India share price today? Nestle India Ltd's share price was ₹1,248.40 at the close on 3 November 2026. It has been falling for 1 week. That is 7.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,167 and ₹1,540, and at that close it sat 22% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 8 weeks running. Over the last 11 years the share price moved +372% while the NIFTY 500 moved +249%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 11 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Nestle India this quarter? Three changes stood out: revenue up on a year earlier for 9 quarters in a row (every quarter we can compare), profit up on a year earlier for 4 quarters in a row and highest quarterly revenue in 13 quarters. 1. Revenue up on a year earlier for 9 quarters in a row (every quarter we can compare) In the September 2026 quarter revenue was ₹6,788 crore, +20.3% on a year earlier. 2. Profit up on a year earlier for 4 quarters in a row In the September 2026 quarter profit was ₹1,027 crore, +36.4% on a year earlier. 3. Highest quarterly revenue in 13 quarters Revenue of ₹6,788 crore in the September 2026 quarter is the highest of the last 13 quarters. ## What are Nestle India's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Nestle India reported revenue of ₹6,788 crore, up 20.3% from ₹5,644 crore a year earlier, and a profit of ₹1,027 crore, up 36.4% from ₹753 crore. ### Nestle India results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹6,788 crore | ₹5,644 crore | +20.3% |
| Profit | ₹1,027 crore | ₹753 crore | +36.4% |
| Earnings per share | ₹5.32 | ₹3.91 | +36.1% |
| Operating margin | 24.0% | 22.0% | +2.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). The newest call in our records is from 4 August 2026, about April to June 2026; a call about these results is not in our records yet. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Nestle India share price history? Nestle India closed at ₹1,248.40 on 3 November 2026, down 1.8% from ₹1,271.60 a year earlier (31 October 2025) and up 32.2% over five years. Its highest weekly close since March 2016 was ₹1,540.00 on 7 August 2026. ### Nestle India share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,175.00 | +6.2% |
| 1 month ago · 1 Oct 2026 | ₹1,307.70 | −4.5% |
| 6 months ago · 30 Apr 2026 | ₹1,458.60 | −14.4% |
| 1 year ago · 31 Oct 2025 | ₹1,271.60 | −1.8% |
| 3 years ago · 3 Nov 2023 | ₹1,199.95 | +4.0% |
| 5 years ago · 4 Nov 2021 | ₹944.46 | +32.2% |
| 10 years ago · 4 Nov 2016 | ₹332.70 | +275.2% |
| Earliest weekly close in our records · 4 Mar 2016 | ₹264.26 | +372.4% |
| Highest weekly close since March 2016, also the 52-week high · 7 Aug 2026 | ₹1,540.00 | −18.9% |
| Lowest weekly close since March 2016 · 11 Mar 2016 | ₹258.16 | +383.6% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹1,167.00 | +7.0% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 4 March 2016 to 3 November 2026.)

## What is the latest news on Nestle India? 3 Nov 2026: Nestle India closed at ₹1,248.40, up 6.2% on the week and down 4.5% on the month. Results for July to September 2026: Revenue up 20.3% and profit up 36.4% on a year earlier. ### Earlier

- 4 Aug 2026: Nestle India held its results call for April to June 2026. Management guided: Volume-led growth across core brands and newer consumption occasions to continue over the medium term. - 10 Jul 2026: ex-date for a special dividend of ₹2 a share. - 10 Jul 2026: ex-date for a dividend of ₹5 a share. - 6 Feb 2026: ex-date for an interim dividend of ₹7 a share. - 8 Aug 2025: Bonus issue: 1 new share for every 1 held (ex-date). - 5 Jan 2024: Share split: face value cut from ₹10 to ₹1 a share (ex-date). ## What dividend does Nestle India pay? Nestle India paid ₹12 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 0.96% at the ₹1,248.40 close on 3 November 2026. The last was a dividend of ₹5 a share, ex-date 10 July 2026. ### Nestle India dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 10 Jul 2026 | ₹5 | Dividend | same day |
| 10 Jul 2026 | ₹2 | Special | same day |
| 6 Feb 2026 | ₹7 | Interim | same day |
| 4 Jul 2025 | ₹10 | Dividend | same day |
| 7 Feb 2025 | ₹14.25 | Interim | same day |
| 16 Jul 2024 | ₹2.75 | Interim | same day |
| 16 Jul 2024 | ₹8.50 | Dividend | same day |
| 15 Feb 2024 | ₹7 | Interim | same day |
| 1 Nov 2023 | ₹140 | Interim | same day |
| 21 Apr 2023 | ₹27 | Interim | same day |
| 21 Apr 2023 | ₹75 | Final | same day |
| 31 Oct 2022 | ₹120 | Interim | 1 Nov 2022 |
| 21 Apr 2022 | ₹90 | Interim + Dividend | 22 Apr 2022 |
| 26 Oct 2021 | ₹110 | Interim | 27 Oct 2021 |
| 29 Apr 2021 | ₹25 | Interim | n/a |
| 29 Apr 2021 | ₹65 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

₹2 Special dividends, last 12 months

Yes. Nestle India Ltd paid out 65% of its profit as dividends in FY26, and it paid a dividend in each of its last 11 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Nestle India management say on the latest results call? On the call for April to June 2026, held on 4 August 2026, Nestle India's management guided: Volume-led growth across core brands and newer consumption occasions to continue over the medium term. > “It is not the case that all spending is good spending. We are very conscious of that. Therefore, we would never hesitate to invest behind the brand as long as it gives us the right returns.”
> Manish Tiwary, on the call for April to June 2026

### What management guided

- Rural growth to outpace urban growth as controlled reach expands. - Cost-saving programmes to accelerate further this year and fund brand spending. - Advertising support to continue based on ROI and ROAS, but recent quarterly pace not to persist. - Margins to be maintained while brand spending continues, supported by efficiency programmes and lower overheads. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/376/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 4 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What is the future of Nestle India? What is changing in the business? What is changing at Nestle India, from the latest results and calls: operating leverage inflection, operating margin trough reversal, premiumization, ₹7,500 cr opportunity at 16% yearly growth and distribution depth, 5.3m to 6m outlets + rurban expansion. - Distribution Depth, 5.3M to 6M outlets + RURBAN expansion. Distribution expanding toward 6 million outlets (from 5.3M); Odisha 10th factory adds capacity; RURBAN channel with 1,600+ women entrepreneurs deepening rural penetration. ⚠ estimate
- India Middle-Class TAM Expansion. 487 million middle-class consumers (expected 700M by 2030), penetration-led volume growth model directly benefits from this structural demographic expansion. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the latest results, written 17 May 2026.)

## What could change the Nestle India story? What are the risks? Coffee prices +75% on a year earlier and cocoa +40-50%, direct input cost inflation for Nescafe and KitKat/Munch; pricing power has limits as prior volumes were dented. ### The main risks

- Coffee + cocoa commodity inflation sustained: Coffee prices +75% on a year earlier and cocoa +40-50%, direct input cost inflation for Nescafe and KitKat/Munch; pricing power has limits as prior volumes were dented. ✓ fact
- Tax rate normalisation to 25%: Effective tax rates below normalised 25%, normalisation could deliver a profit headwind of up to 15% per prior overlay analysis. ✓ fact
- Infant nutrition regulatory constraints: Milk nutrition category: media-dark, highly regulated, with limited marketing ability; ICMR guidelines and IMS Act constrain a structurally attractive category. ✓ fact
- Royalty agreement renewal overhang: Royalty agreement with Nestle SA was up for review in June 2024, resolution status and revised terms not confirmed in available data. ✓ fact

(Our read after the latest results, written 17 May 2026.)

## What to watch in Nestle India's next results? When Nestle India reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Consolidated margins alongside brand spending - check maintenance through efficiency programmes and lower overheads. - What to check (from the call)
- Consolidated margins alongside brand spending - check maintenance through efficiency programmes and lower overheads. - Rural contribution and growth - check whether rural continues to outpace urban as controlled reach expands. - Confectionery capacity additions - check whether the acknowledged constraint eases as KitKat and Munch momentum continues. ## Which stock lists is Nestle India on? Nestle India is on 2 of our India lists: Nifty 50 companies and 52 week high & low. - [Nifty 50 companies](https://www.sectoralpha.in/nifty-50-stocks-list)
- [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)

## Is Nestle India profitable? Nestle India Ltd earned ₹1,027 Cr of net profit in the Sep 2026 quarter, +36.4% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year Mar 2026 profit was ₹3,545 Cr. Over 11 years profit has grown 18.2% a year on average. That is 15.1% of the quarter's revenue. The same quarter a year earlier earned ₹753 Cr. For the full year, Mar 2026 profit was ₹3,545 Cr (+7.0% on the year before). Why profit moved: revenue changed +20.3% on a year earlier and the margin moved +2.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +39.1% and revenue +21.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Nestle India make, and is it growing? Nestle India Ltd reported ₹6,788 Cr of revenue in the Sep 2026 quarter, +20.3% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 11 years it has grown 9.9% a year on average. The last full year, Mar 2026, came in at ₹23,155 Cr. Why this happened. Distribution expanding toward 6 million outlets (from 5.3M); Odisha 10th factory adds capacity; RURBAN channel with 1,600+ women entrepreneurs deepening rural penetration. The last four reported quarters add to ₹25,581 Cr. Mar 2026 revenue was ₹23,155 Cr, +14.6% on the year before. Recent pace: the last four quarters grew +21.7% on average, against 9.9% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +21.7%, against +13.7% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +38.1%, against +11.5% a year (accelerating). ## How much of every ₹100 of sales does Nestle India keep? Nestle India Ltd's operating margin was 24.0% in the Sep 2026 quarter, 2.0 percentage points higher than the same quarter a year ago. Across 11 years it has been between 19.0% and 24.0%. The latest quarter is within that range. Why this happened. The premiumization opportunity was identified in the Oct 2023 concall and reaffirmed in the Apr 2026 catalyst overlay: INR7,500 Cr addressable premium segment at 16% CAGR, quick commerce at 8.5% of sales growing 33%, and innovation contribution moving from 6.5% toward 10%. Because only one concall anchors this driver, it is tracked rather than a fresh four-quarter persistence claim. The strategic logic is sound for an MNC parent with a global R&D pipeline and India premiumization as a stated priority. Why the margin moved: operating margin changed +2.0 percentage points on the year while gross margin changed +2.4 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Nestle India's profit turning into cash? Over the last 3 years, 115% of Nestle India Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In Mar 2026 it brought in ₹5,048 Cr of operating cash against ₹3,545 Cr of profit. After ₹849 Cr of spending on assets, ₹4,199 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 115% of profit came in as cash: the cash cycle got 16 days shorter between FY20 and Mar 2026, so cash that used to wait in the business now arrives sooner. What to look at next: the bigger use of cash is spending on new assets, at 2.0× depreciation over three years. The next section checks what that spending is building. ## Where does Nestle India's cash go? Nestle India Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −19 days in Mar 2026, down from −3 days in FY20. It spent ₹3,263 Cr on assets over the last 3 years. Customers take 5 days to pay, and stock sits for 105 days on average. At Mar 2026 sales of ₹23,155 Cr, each day of that cycle ties up about ₹63.4 Cr, so roughly −₹1,205 Cr is tied up in the business at any time. Mar 26: customers took 5 days to pay and stock sat for 105 days, about 3.5 months of sales sitting as stock, for a full cycle of −19 days, shorter than FY20's −3. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 105 days. Customers pay about 5 days after that. Suppliers are paid at 129 days. Together that makes the −19-day cycle. Spending on assets: ₹3,263 Cr over the last 3 years, against ₹1,668 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹507 Cr (Mar 2026): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Nestle India's P/E ratio, and how does it compare with its own history? Nestle India Ltd's P/E is 59.7×, near the low end of its own history: it has been lower only 4% of the time. Its usual P/E (the middle reading) is 75.3×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why this happened. The commodity inflation cycle that compressed Nestle India's OPM from 24-25% normalised to a 21% trough across Jun-Sep 2025 appears to be reversing. Mar 2026 OPM hit 26%, highest in the last 8 quarters, driven by coffee and cocoa cost abatement plus operating leverage on growing volumes. Full-year FY26 OPM is 23% vs FY25 24%, still 1pp below normalised, suggesting further recovery runway. The catalyst overlay estimates 4% PAT impact for this operating leverage inflection. The first-quarter evidence is the Mar 2026 data point; confirmation in Q1 FY27 would establish this as a multi-quarter trend. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹21.44. Why the multiple is where it is: over the past year earnings per share moved +6.9% while the price moved −1.8%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +5.7% a year; about +12.4% a year came from earnings growth and about −6.7 percentage points from the multiple (the market paying less); over 10 years the price moved +14.1% a year; about +14.8% a year came from earnings growth and about −0.7 percentage points from the multiple (roughly no change). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the Nestle India share price assume? Worked out from its price on 20 July 2026, Nestle India Ltd's share price assumed profit growth of about 33.6% a year. Over the past 11 years its profit actually grew 18.2% a year. Today its P/E is 59.7×, lower than 96% of its own last 10 years. This is a one-day reading, taken on 20 July 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Nestle India business getting better or worse? Nestle India Ltd's business is turning around. Profit growth has swung from −1.4% at its low to +38.1%, improving for 3 quarters in a row, with ROCE rising at 64.6%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## What is the Nestle India story, and has it been checked? Nestle India Ltd's story is not scored yet against the checks our research set on 17 May 2026. Where it sits in its own cycle: TROUGH TO RECOVERY. Still open: Coffee prices +75% YoY and cocoa +40-50%, direct input cost inflation for Nescafe and KitKat/Munch; pricing power has limits as prior volumes were dented. Our read, 17 May 2026. From the numbers. DII stake-building signal and GOLDEN SETUP flag from…

From the price. Price stage 4, week 1, below its 200-day line, relative strength falling. From the research. What is proven. What is not proven yet. Coffee prices +75% YoY and cocoa +40-50%, direct input cost inflation for Nescafe and KitKat/Munch; pricing power has limits as prior volumes were dented. The test written in advance. Coffee + cocoa commodity inflation sustained. Measured by: Coffee + cocoa commodity inflation sustained Coffee LME + cocoa spot prices; Nescafe volume YoY in Q1 FY27 result by the next result. The test written in advance. Tax rate normalisation to 25%. Measured by: Tax rate normalisation to 25% Effective tax rate in Q1 FY27 result; management commentary on deferred tax assets by the next result. The test written in advance. Infant nutrition regulatory constraints. Measured by: Infant nutrition regulatory constraints Any regulatory changes to infant nutrition marketing norms by the next result. What the company does. Mar 2026 quarter shows revenue +22.6% YoY and PAT +27.3% YoY with OPM recovering to 26% from a 21-22% trough across Jun-Dec 2025, signalling commodity headwinds are abating. Maggi ~60% noodles share, Nescafe/KitKat dominant brand-category associations, 5.3M+ outlets and premiumization (INR7,500 Cr opportunity growing 16% CAGR) are durable compounding engines. Lever 8 · Demerger or value unlock: building. OPM snapped to 26% in Mar 2026 from 21% trough, commodity cost abatement and operating leverage starting to materialise after multiple quarters of headwind. What proves it keeps working: Operating Leverage Inflection, OPM trough reversal. It stops working if Coffee LME + cocoa spot prices; Nescafe volume YoY in Q1 FY27 result. Lever 2 · Value-added mix: building. Premium portfolio growing at 16% CAGR; quick commerce 8.5% of sales at 33% growth; innovation to lift from 6.5% to 10% of sales via new format and premium SKU launches. What proves it keeps working: Premiumization, INR7,500 Cr opportunity at 16% CAGR. It stops working if Coffee LME + cocoa spot prices; Nescafe volume YoY in Q1 FY27 result. Lever 15 · Market-share gains: building. Distribution expanding toward 6 million outlets (from 5.3M); Odisha 10th factory adds capacity; RURBAN channel with 1,600+ women entrepreneurs deepening rural penetration. What proves it keeps working: Distribution Depth, 5.3M to 6M outlets + RURBAN expansion. It stops working if Coffee LME + cocoa spot prices; Nescafe volume YoY in Q1 FY27 result. Lever 14 · A bigger market to serve: building. 487 million middle-class consumers (expected 700M by 2030), penetration-led volume growth model directly benefits from this structural demographic expansion. What proves it keeps working: India Middle-Class TAM Expansion. It stops working if Coffee LME + cocoa spot prices; Nescafe volume YoY in Q1 FY27 result. Sources: our stock research file (17 May 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Nestle India management deliver what it promised? What Nestle India Ltd's management promised, against what actually happened: 2 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Distribution Point Count Changed Without Reconciliation · 4 August 2026. In Feb 2025, management reported distribution touch points of about 21,000. In Aug 2026, management said distribution points had increased close to 4.4 times from a 2021 base of 13,500, implying roughly 59,400 points, but did not reconcile this with the earlier figure or explain a change in definitions. Because distribution expansion is a key growth driver, the discrepancy warrants clarification. Materially More Optimistic Nutrition Outlook · 4 August 2026. The Feb 2025 call described milk and nutrition as strongly affected by inflation and as a mature category, while the Jul 2022 call cautioned that its volume growth would need to be calibrated at roughly 2% to 3%. In Aug 2026, management upgraded its assessment to being as optimistic about dairy and nutrition as confectionery and expressed confidence that volume growth would continue. Management cited better products, R&D, and execution, but did not quantify what had changed enough to overcome the previously cited structural constraints. Every quote above is taken word for word from the company’s own earnings calls. ## How much does Nestle India earn on its capital? Nestle India Ltd earned a ROCE of 84% in Mar 2026. That is up from a low of 46% in FY15. Its return on capital used (ROIC) is 81.4 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 15.3% net margin and 1.73× asset turnover (sales divided by assets). Why the return is what it is (Mar 2026): a 15.3% net margin × 1.73× asset turnover × 2.52× leverage (assets divided by equity) ≈ 66.7% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 93.4% − 12.0% = +81.4 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 93.4% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 74.9%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Nestle India have too much debt? Nestle India Ltd has total debt of ₹464 Cr against shareholder equity of ₹5,777 Cr as of Sep 2026, so its debt is 0.08× its equity, which is very little. Year by year, that ratio went from 0.13 in FY22 to 0.09 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Nestle India shareholding pattern? Domestic institutions raised their stake in Nestle India Ltd by 1.2 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 10.7% of the company. Foreign institutions moved −0.2 points over the same period, to 11.7%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +1.2 points over 8 quarters, to 10.7%; Foreign institutions: −0.2 points over 8 quarters, to 11.7%; Promoters: +0.0 points over 8 quarters, to 62.8%. Why the owners changed: domestic institutions drove it (+1.2 points). They raised their stake step by step. ## How far is Nestle India from balance-sheet trouble? For Nestle India Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Nestle India rank in its industry? 60.3 out of 100, rank 2 of 8 in FMCG - Dairy Products, with 100% of the evidence available. Nestle India Ltd scores 60.3 out of 100 against the 8 companies it is compared with in FMCG - Dairy Products, ranking 2. Earnings are strong; relative strength in its sector is -14.5% and the one-year return is -8.2%. The four parts add up to the total exactly: 27.5 + 24.4 + 8.4 + 0 = 60.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Nestle India compared with? Nestle India ranks 2 of 8 FMCG - Dairy Products companies on the 4-Factor Sector Score, with 60.3 out of 100. 1. [Vadilal Industries Ltd](https://www.sectoralpha.in/stocks/vadilal-industries-ltd) VADILALIND · leader · Most evidence points up · 85% evidence 76.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.4/35 · Revenue 35.5% · Profit 79.8% · Operating margin change 3 points · 100% evidence Capital efficiency 18.7/25 · ROCE 22% · Operating margin 18% · 100% evidence Valuation 14.5/20 · P/E 22.4× · PEG 0.43 · 100% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 38% · 1 year 41% · 25% evidence · 12 of 12 weeks ahead Exact sum: 30.4 + 18.7 + 14.5 + 12.5 = 76.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. Nestle India Ltd this page NESTLEIND · quiet · Evidence leans up · 100% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.5/35 · Revenue 21.7% · Profit 38.1% · Operating margin change 2 points · 100% evidence Capital efficiency 24.4/25 · ROCE 84.1% · Operating margin 24% · 100% evidence Valuation 8.4/20 · P/E 55.8× · PEG 2.82 · 100% evidence Relative strength 0.0/20 · Lead over its industry -14.5% · Lead over NIFTY 500 -8.5% · 1 year -8.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 27.5 + 24.4 + 8.4 + 0 = 60.3 · What this means: Earnings are strong; relative strength in its sector is -14.5% and the one-year return is -8.2%. 3. [Vadilal Enterprises Ltd](https://www.sectoralpha.in/stocks/vadilal-enterprises-ltd) VADILENT · turning · Evidence leans up · 78% evidence 59.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.6/35 · Revenue 32.8% · Profit 100% · Operating margin change -2 points · 100% evidence Capital efficiency 15.0/25 · ROCE 24.8% · Operating margin 6% · 100% evidence Valuation 8.1/20 · P/E 54× · PEG 1.94 · 65% evidence Relative strength 10.7/20 · Lead over its industry n/a · Lead over NIFTY 500 0.7% · 1 year -7.9% · 25% evidence · 3 of 5 weeks ahead Exact sum: 25.6 + 15 + 8.1 + 10.7 = 59.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Hatsun Agro Product Ltd](https://www.sectoralpha.in/stocks/hatsun-agro-product-ltd) HATSUN · breaking out · Evidence leans down · 100% evidence 49.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.4/35 · Revenue 18.6% · Profit 5.8% · Operating margin change -2 points · 100% evidence Capital efficiency 14.2/25 · ROCE 15.2% · Operating margin 11% · 100% evidence Valuation 5.7/20 · P/E 61.4× · PEG 3.5 · 100% evidence Relative strength 14.8/20 · Lead over its industry -0.2% · Lead over NIFTY 500 6.3% · 1 year -9.9% · 100% evidence · 10 of 12 weeks ahead Exact sum: 14.4 + 14.2 + 5.7 + 14.8 = 49.1 · What this means: Relative strength against the index is 6.3%, and revenue and profit growth are weak. 5. [Dodla Dairy Ltd](https://www.sectoralpha.in/stocks/dodla-dairy-ltd) DODLA · turning · Evidence leans down · 85% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.7/35 · Revenue 17.1% · Profit -16.9% · Operating margin change -4 points · 100% evidence Capital efficiency 11.9/25 · ROCE 16.7% · Operating margin 5% · 100% evidence Valuation 11.6/20 · P/E 27.1× · PEG 1.75 · 100% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -7.4% · 1 year -24.2% · 25% evidence · 0 of 12 weeks ahead Exact sum: 15.7 + 11.9 + 11.6 + 8 = 47.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Parag Milk Foods Ltd](https://www.sectoralpha.in/stocks/parag-milk-foods-ltd) PARAGMILK · breaking out · Evidence leans down · 81% evidence 45.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.5/35 · Revenue 10.9% · Profit 9.2% · Operating margin change 0 points · 88% evidence Capital efficiency 6.5/25 · ROCE 13.4% · Operating margin 7% · 100% evidence Valuation 15.3/20 · P/E 21.7× · PEG 0.65 · 100% evidence Relative strength 9.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.7% · 1 year -25.2% · 25% evidence · 8 of 12 weeks ahead Exact sum: 13.5 + 6.5 + 15.3 + 9.9 = 45.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. [Heritage Foods Ltd](https://www.sectoralpha.in/stocks/heritage-foods-ltd) HERITGFOOD · breaking out · Evidence leans down · 100% evidence 35.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.3/35 · Revenue 13.9% · Profit -33.5% · Operating margin change -1 points · 100% evidence Capital efficiency 9.8/25 · ROCE 14.8% · Operating margin 6% · 100% evidence Valuation 9.1/20 · P/E 29× · PEG 1.33 · 100% evidence Relative strength 7.8/20 · Lead over its industry -7.1% · Lead over NIFTY 500 -1% · 1 year -26.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 8.3 + 9.8 + 9.1 + 7.8 = 35 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Kwality Ltd](https://www.sectoralpha.in/stocks/kwality-ltd) KWALITY · Too little evidence to rank firmly · 17% evidence 41.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.2/43.75 · Revenue -27.3% · Profit -80% · Operating margin change n/a · 16% evidence Capital efficiency 8.5/31.25 · ROCE -190% · Operating margin -2.3% · 46% evidence Valuation 12.5/25 · P/E n/a · PEG n/a · 0% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 20.2 + 8.5 + 12.5 = 41.2 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [FMCG - Dairy Products](https://www.sectoralpha.in/sectors/fmcg-dairy-products), all 8 compared on one page. ## Which companies are close to Nestle India in size? Nestle India is the largest of 8 FMCG - Dairy Products companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Hatsun Agro Product, Dodla Dairy, Vadilal Industries, Heritage Foods, Parag Milk Foods and Vadilal Enterprises. ### FMCG - Dairy Products companies close in size

1. Nestle India Ltd ₹2,25,034 crore
2. [Hatsun Agro Product Ltd](https://www.sectoralpha.in/stocks/hatsun-agro-product-ltd) ₹22,175 crore
3. [Dodla Dairy Ltd](https://www.sectoralpha.in/stocks/dodla-dairy-ltd) ₹5,909 crore
4. [Vadilal Industries Ltd](https://www.sectoralpha.in/stocks/vadilal-industries-ltd) ₹5,387 crore
5. [Heritage Foods Ltd](https://www.sectoralpha.in/stocks/heritage-foods-ltd) ₹3,298 crore
6. [Parag Milk Foods Ltd](https://www.sectoralpha.in/stocks/parag-milk-foods-ltd) ₹2,929 crore
7. [Vadilal Enterprises Ltd](https://www.sectoralpha.in/stocks/vadilal-enterprises-ltd) ₹823 crore

[All 8 FMCG - Dairy Products companies, largest first](https://www.sectoralpha.in/sectors/fmcg-dairy-products#all-companies)

### Companies close in size in other industries

1. [Power Grid Corporation of India Ltd](https://www.sectoralpha.in/stocks/power-grid-corporation-of-india-ltd) ₹2,46,466 crore · Power - Transmission/Equipment
2. [Coal India Ltd](https://www.sectoralpha.in/stocks/coal-india-ltd) ₹2,39,730 crore · Mining/Minerals
3. Nestle India Ltd ₹2,25,034 crore
4. [Asian Paints Ltd](https://www.sectoralpha.in/stocks/asian-paints-ltd) ₹2,22,534 crore · Building Materials - Paints
5. [Adani Green Energy Ltd](https://www.sectoralpha.in/stocks/adani-green-energy-ltd) ₹2,13,919 crore · Power - Generation/Distribution

## What else do people ask about Nestle India? ### What is Nestle India's share price today? Nestle India Ltd's share price is ₹1,248.40, −1.8% over the past year. The whole company is worth ₹2,40,730 Cr on the market. In the last 52 weeks it traded between ₹1,167 to ₹1,540; today it is 22% of the way up from the low, 7.4% below its 200-day average (as of 3 November 2026). ### What were Nestle India's latest quarterly results? Nestle India Ltd reported revenue of ₹6,788 Cr and net profit of ₹1,027 Cr for the Sep 2026 quarter. Revenue rose 20.3% and profit rose 36.4% compared with a year earlier. Earnings per share were ₹5.32. The operating margin was 24.0%, 2.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Nestle India's market cap? Nestle India Ltd's market capitalisation is ₹2,40,730 Cr at a share price of ₹1,248.40. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Nestle India performing? Nestle India Ltd's share price has been falling for 1 weeks. In its latest quarter, revenue rose 20.3% and profit rose 36.4% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 8 weeks running (as of 3 November 2026). ### Will Nestle India's share price go up? This page does not forecast Nestle India Ltd's share price. What it shows instead: the share price is ₹1,248.40, and it has been falling for 1 weeks. Its P/E of 59.7× is higher than 4% of its own last 10 years (as of 3 November 2026). ### Who owns Nestle India? Promoters own 62.8% of Nestle India Ltd, foreign institutions 11.7%, domestic institutions 10.7% and the public 14.9% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 1.2 percentage points over 8 quarters (as of 3 November 2026). ### Does Nestle India have too much debt? No, Nestle India Ltd has little debt: its debt is 0.08× its equity, and its operating profit is 34 times its interest bill. Mar 2026 borrowings were ₹444 Cr against equity of ₹5,309 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Nestle India in its business cycle? Nestle India Ltd's Mar 2026 operating margin was 23.0%, against a 11-year range of 19.0% to 24.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 24.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Nestle India story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Nestle India a stock worth studying right now? What the numbers show: Nestle India Ltd's earnings have grown faster than its share price. Earnings per share grew +6.9% in a year while the price moved −1.8%. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Nestle India share price forecast for 2026? What management itself guided: Volume-led growth across core brands and newer consumption occasions to continue over the medium term. What is changing at Nestle India, from the latest results and calls: operating leverage inflection, operating margin trough reversal, premiumization, ₹7,500 cr opportunity at 16% yearly growth and distribution depth, 5.3m to 6m outlets + rurban expansion. What would change the story: Coffee prices +75% on a year earlier and cocoa +40-50%, direct input cost inflation for Nescafe and KitKat/Munch; pricing power has limits as prior volumes were dented. ## Lists

- Nifty 50 companies: https://www.sectoralpha.in/nifty-50-stocks-list
- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india

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