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Nestle India Ltd.
(NESTLEIND)
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Rating:74Outperform
Price Target:
₹1,699.00
▲(17.68% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by strong financial performance (healthy growth, strong profitability, and very low leverage), supported by positive technical trend signals. This is meaningfully offset by expensive valuation (very high P/E and modest dividend yield), which limits upside and increases sensitivity to any margin or cash-flow volatility.
Positive Factors
Conservative Balance Sheet
Very low leverage provides durable financial flexibility. With debt materially reduced and a small debt stock relative to equity, the company can fund distribution, capex or shareholder returns and better absorb commodity or demand shocks without stressing solvency.
Negative Factors
Margin Compression
Material compression in gross and operating margins points to sustained input-cost pressure or weakening pricing power. If structural cost inflation or competitive pricing persists, long-term profitability and return on capital could be eroded absent durable mix or efficiency gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage provides durable financial flexibility. With debt materially reduced and a small debt stock relative to equity, the company can fund distribution, capex or shareholder returns and better absorb commodity or demand shocks without stressing solvency.
Read all positive factors
Nestle India Ltd. (NESTLEIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.71T
Dividend Yield0.86%
Average Volume (3M)88.22K
Price to Earnings (P/E)70.5
Beta (1Y)0.78
Revenue Growth19.30%
EPS Growth22.64%
CountryIN
Employees8,736
SectorGeneral
Sector StrengthN/A
IndustryPackaged Foods
Share Statistics
EPS (TTM)18.14
Shares Outstanding1,928,314,300
10 Day Avg. Volume43,159
30 Day Avg. Volume88,222
Financial Highlights & Ratios
PEG Ratio7.08
Price to Book (P/B)43.92
Price to Sales (P/S)9.78
P/FCF Ratio53.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,510.00Price Target Upside4.59% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)21.54
Revenue Forecast (FY)₹268.42B
Nestle India Ltd. Business Overview & Revenue Model
Company Description
Nestlé India Limited operates as a leading manufacturer and distributor of food products throughout India. Its diverse offerings include a wide range of dairy and nutritional items, such as dairy whiteners, condensed and UHT milk, yogurts, special...
How the Company Makes Money
Nestlé India primarily makes money by selling packaged food and beverage products (and related nutrition and petcare items) to the Indian market, earning revenue from the wholesale/retail sale of branded consumer products. Its key revenue streams ...
Nestle India Ltd. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
79
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 231.55B | 200.78B | 194.63B | 167.90B | 146.65B |
| Gross Profit | 99.48B | 111.29B | 78.87B | 88.91B | 81.80B |
| EBITDA | 53.06B | 49.92B | 47.13B | 38.14B | 34.50B |
| Net Income | 34.99B | 32.08B | 31.96B | 23.91B | 21.18B |
Balance Sheet | |||||
| Total Assets | 131.82B | 121.93B | 105.23B | 91.17B | 83.68B |
| Cash, Cash Equivalents and Short-Term Investments | 13.41B | 956.50M | 8.19B | 11.63B | 7.99B |
| Total Debt | 4.44B | 11.67B | 3.45B | 2.71B | 2.66B |
| Total Liabilities | 80.26B | 81.83B | 71.67B | 65.20B | 62.88B |
| Stockholders Equity | 51.57B | 40.10B | 33.41B | 24.59B | 19.46B |
Cash Flow | |||||
| Free Cash Flow | 42.32B | 9.97B | 24.58B | 22.89B | 16.25B |
| Operating Cash Flow | 50.62B | 30.05B | 43.40B | 28.39B | 23.60B |
| Investing Cash Flow | -6.58B | -18.86B | -14.04B | -4.95B | -20.45B |
| Financing Cash Flow | -31.59B | -18.41B | -31.33B | -21.21B | -20.19B |
Nestle India Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹2.71T | 70.50 | ― | 0.86% | 19.30% | 22.64% | |
73 Outperform | ₹1.22T | 47.08 | ― | 1.77% | 6.63% | 18.70% | |
68 Neutral | ₹70.75B | 50.01 | ― | 0.50% | 11.11% | 6.30% | |
61 Neutral | ₹1.01T | 60.56 | ― | 1.00% | 15.60% | 22.76% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹372.65B | 18.82 | ― | 1.90% | 19.32% | 61.42% | |
49 Neutral | ₹177.76B | 93.61 | ― | 0.22% | 66.27% | -42.46% |
* General Sector Average
IN:NESTLEIND
Nestle India Ltd.
1,393.10
185.16
15.33%
IN:BECTORFOOD
Mrs. Bector's Food Specialities Ltd.
242.15
-37.96
-13.55%
IN:BRITANNIA
Britannia Industries Ltd
5,099.50
-1,098.32
-17.72%
IN:PATANJALI
Patanjali Foods Limited
341.25
-250.02
-42.29%
IN:TATACONSUM
Tata Consumer Products Limited
1,003.50
-92.29
-8.42%
IN:ZYDUSWELL
Zydus Wellness Limited
555.10
46.14
9.06%
Nestle India Ltd. Corporate Events
Nestlé India Posts Strong Q1 FY27 Unaudited Results, Board Approves Earnings
Jul 22, 2026
Nestlé India’s board has approved the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, with revenue from operations driven primarily by domestic sales and supported by exports and other operati...
Nestlé India Posts 25% Q1 Sales Surge on Broad-Based Volume Growth
Jul 22, 2026
Nestlé India reported unaudited standalone financial results for the quarter ended June 30, 2026, showing robust sales growth of 25.4 percent, driven primarily by strong volume gains across all four product groups. Revenue from operations ros...
Nestlé India Declares Rs. 2 Special Dividend Funded From Retained Earnings
Jul 3, 2026
Nestlé India’s board has declared a Special Dividend 2026 of Rs. 2 per equity share of face value Re. 1, covering its entire issued capital of 1,928,314,320 shares. The payout will be funded from retained earnings, specifically from a r...
Nestlé India Declares Rs. 2 Special Dividend From Retained Earnings
Jul 3, 2026
Nestlé India Ltd. has declared a Special Dividend 2026 of Rs. 2 per equity share of face value Re. 1, to be paid on the entire issued, subscribed and paid-up equity capital of 1,928,314,320 shares from retained earnings. The payout draws on a...
Nestlé India Details FY26 Sustainability, Operations and Market Footprint
Jun 5, 2026
Nestlé India Limited, a major player in the food processing industry, derives all its turnover from food products, led by milk products and nutrition, prepared dishes and cooking aids, confectionery, and beverages. The company runs nine plant...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.