15 October,2026 03:04 PM IST | Mumbai | mid-day online correspondent
Representational Image. File pic.
FMCG major Nestle India on Thursday posted a 35.85 per cent growth in its consolidated net profit at Rs 1009.61 crore for the September quarter of FY27.
It had reported a consolidated net profit of Rs 743.17 crore in the corresponding period last fiscal year, Nestle India said in a regulatory filing.
The total income for the quarter under review stood at Rs 6808.60 crore registering an increase of 20.52 per cent over Rs 5649.15 in the same period last year. Revenue from operations stood at 6788.34 during the September quarter in FY27, as against Rs 5643.61 crore in the same quarter in the previous fiscal.
However, the maker of popular brands such as Maggi, Kit Kat, Nescafe among others raised concerns over food inflation and commodity cost pressures.
"Rising inflation, particularly food inflation, is a reality. We remain focused on navigating these external challenges through continuous innovation and renovation, sustained investments behind our brands, and an intensified focus on productivity and operational efficiencies to mitigate commodity cost pressures," Manish Tiwary, Chairman and Managing Director, Nestle India said.
The company provided a commodity outlook and said coffee and wheat are expected to remain range-bound, while sugar and edible oils have stabilised at elevated levels.
"Cocoa remains volatile due to weather-driven crop concerns in key origins. Milk prices have strengthened seasonally but should ease as flush supplies arrive," it said.
The company said the growth during the September quarter was broad-based across all product groups. Total sales reached Rs 6,782.2 crore, at a growth of 20.5 per cent, "which was driven by robust, double-digit volume growth," Tiwary said.
"The company continued to focus on operational efficiencies while significantly increasing investments behind its brands, with advertising and marketing spend up 46 per cent in the September quarter," he added.
Total expenses during the September quarter stood at 5405.55 crore, compared to Rs 4620.63 crore in the corresponding quarter last year.
The confectionery business recorded another quarter of strong double-digit, volume-led growth, driven by market share gains in KitKat and sustained momentum in Munch and Milkybar.
The powdered and liquid beverages business also posted strong growth, supported by wider household reach, affordability and premiumisation in its coffee portfolio, including Nescafe and Nespresso.
Maggi noodles expanding its rural reach, while milk products and nutrition also saw broad-based growth, supported by brand-building investments and portfolio optimisation.
The company's pet food business recorded strong double-digit growth, driven by digital consumer engagement and focused distribution.
Nestle India reported a strong growth in E-commerce led by continued momentum in quick commerce. It said the growth was supported by improved product availability, a channel-specific offering.
"General trade delivered robust, double-digit growth across town classes, led by strong momentum in rural markets. Continued expansion of rural distribution touchpoints enhanced our direct reach and strengthened market coverage," Tiwary said.
Shares of Nestle India were trading at Rs 1287.90 in mid-day trade, down 6.95 per cent, on the BSE. The company's comments on inflation dampened the investor sentiment.
