| Quarter | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,600 | 5,268 | 4,814 | 5,104 | 4,780 | 5,504 | 5,096 | 5,644 | 5,667 | 6,748 | 6,378 | |
Growth YoY Revenue Growth YoY% | 3.9 | 4.5 | 5.9 | 10.6 | 18.6 | 22.6 | 25.2 | ||||
| 3,505 | 3,918 | 3,700 | 3,936 | 3,677 | 4,116 | 3,996 | 4,407 | 4,466 | 4,976 | 4,840 | |
| 1,095 | 1,350 | 1,114 | 1,168 | 1,103 | 1,388 | 1,100 | 1,237 | 1,201 | 1,772 | 1,538 | |
OPM OPM% | 23.8 | 25.6 | 23.1 | 22.9 | 23.1 | 25.2 | 21.6 | 21.9 | 21.2 | 26.3 | 24.1 |
| -77 | 37 | 39 | 187 | -3 | -3 | -8 | -8 | 150 | -21 | 0 | |
Interest Expense Interest ExpenseCr | 23 | 26 | 32 | 32 | 35 | 38 | 47 | 46 | 28 | 37 | 42 |
Depreciation DepreciationCr | 109 | 110 | 113 | 122 | 150 | 155 | 157 | 163 | 174 | 205 | 188 |
PBT PBTCr | 886 | 1,251 | 1,009 | 1,200 | 914 | 1,192 | 888 | 1,018 | 1,148 | 1,509 | 1,308 |
| 231 | 316 | 262 | 301 | 226 | 319 | 241 | 275 | 150 | 398 | 349 | |
| 656 | 934 | 747 | 899 | 688 | 873 | 647 | 743 | 998 | 1,111 | 959 | |
Growth YoY PAT Growth YoY% | 4.9 | -6.5 | -13.4 | -17.4 | 45.1 | 27.2 | 48.3 | ||||
NPM NPM% | 14.3 | 17.7 | 15.5 | 17.6 | 14.4 | 15.9 | 12.7 | 13.2 | 17.6 | 16.5 | 15.0 |
| 3.4 | 9.7 | 3.9 | 4.7 | 3.6 | 4.5 | 1.7 | 3.9 | 5.2 | 5.8 | 5.0 |
| Quarter | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,600 | 5,268 | 4,814 | 5,104 | 4,780 | 5,504 | 5,096 | 5,644 | 5,667 | 6,748 | 6,378 | |
Growth YoY Revenue Growth YoY% | 3.9 | 4.5 | 5.9 | 10.6 | 18.6 | 22.6 | 25.2 | ||||
| 3,505 | 3,918 | 3,700 | 3,936 | 3,677 | 4,116 | 3,996 | 4,407 | 4,466 | 4,976 | 4,840 | |
| 1,095 | 1,350 | 1,114 | 1,168 | 1,103 | 1,388 | 1,100 | 1,237 | 1,201 | 1,772 | 1,538 | |
OPM OPM% | 23.8 | 25.6 | 23.1 | 22.9 | 23.1 | 25.2 | 21.6 | 21.9 | 21.2 | 26.3 | 24.1 |
| -77 | 37 | 39 | 187 | -3 | -3 | -8 | -8 | 150 | -21 | 0 | |
Interest Expense Interest ExpenseCr | 23 | 26 | 32 | 32 | 35 | 38 | 47 | 46 | 28 | 37 | 42 |
Depreciation DepreciationCr | 109 | 110 | 113 | 122 | 150 | 155 | 157 | 163 | 174 | 205 | 188 |
PBT PBTCr | 886 | 1,251 | 1,009 | 1,200 | 914 | 1,192 | 888 | 1,018 | 1,148 | 1,509 | 1,308 |
| 231 | 316 | 262 | 301 | 226 | 319 | 241 | 275 | 150 | 398 | 349 | |
| 656 | 934 | 747 | 899 | 688 | 873 | 647 | 743 | 998 | 1,111 | 959 | |
Growth YoY PAT Growth YoY% | 4.9 | -6.5 | -13.4 | -17.4 | 45.1 | 27.2 | 48.3 | ||||
NPM NPM% | 14.3 | 17.7 | 15.5 | 17.6 | 14.4 | 15.9 | 12.7 | 13.2 | 17.6 | 16.5 | 15.0 |
| 3.4 | 9.7 | 3.9 | 4.7 | 3.6 | 4.5 | 1.7 | 3.9 | 5.2 | 5.8 | 5.0 |
| Financial Year | Dec 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
Revenue RevenueCr | 19,126 | 24,394 | 20,202 | 23,155 | 24,437 |
Growth Revenue Growth% | -17.2 | 14.6 | 19.3 | ||
| 14,655 | 18,544 | 15,428 | 17,849 | 18,689 | |
| 4,471 | 5,850 | 4,774 | 5,306 | 5,747 | |
OPM OPM% | 23.4 | 24.0 | 23.6 | 22.9 | 23.5 |
| 116 | 152 | 218 | 116 | 121 | |
Interest Expense Interest ExpenseCr | 119 | 145 | 136 | 158 | 154 |
Depreciation DepreciationCr | 429 | 568 | 540 | 699 | 730 |
PBT PBTCr | 4,038 | 5,289 | 4,316 | 4,564 | 4,984 |
| 1,040 | 1,356 | 1,109 | 1,065 | 1,173 | |
PAT PATCr | 2,999 | 3,933 | 3,208 | 3,499 | 3,811 |
Growth PAT Growth% | -18.4 | 9.1 | 22.6 | ||
NPM NPM% | 15.7 | 16.1 | 15.9 | 15.1 | 15.6 |
| 15.6 | 20.4 | 16.6 | 18.1 | 19.8 |
| Financial Year | Dec 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
Revenue RevenueCr | 19,126 | 24,394 | 20,202 | 23,155 | 24,437 |
Growth Revenue Growth% | -17.2 | 14.6 | 19.3 | ||
| 14,655 | 18,544 | 15,428 | 17,849 | 18,689 | |
| 4,471 | 5,850 | 4,774 | 5,306 | 5,747 | |
OPM OPM% | 23.4 | 24.0 | 23.6 | 22.9 | 23.5 |
| 116 | 152 | 218 | 116 | 121 | |
Interest Expense Interest ExpenseCr | 119 | 145 | 136 | 158 | 154 |
Depreciation DepreciationCr | 429 | 568 | 540 | 699 | 730 |
PBT PBTCr | 4,038 | 5,289 | 4,316 | 4,564 | 4,984 |
| 1,040 | 1,356 | 1,109 | 1,065 | 1,173 | |
PAT PATCr | 2,999 | 3,933 | 3,208 | 3,499 | 3,811 |
Growth PAT Growth% | -18.4 | 9.1 | 22.6 | ||
NPM NPM% | 15.7 | 16.1 | 15.9 | 15.1 | 15.6 |
| 15.6 | 20.4 | 16.6 | 18.1 | 19.8 |
| Financial Year | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
Equity Capital Equity CapitalCr | 96 | 96 | 193 |
Reserves ReservesCr | 3,244 | 3,914 | 4,964 |
| 3,956 | 4,685 | 4,761 | |
| 3,226 | 3,498 | 3,264 | |
| 10,523 | 12,193 | 13,182 | |
| 3,495 | 3,734 | 4,590 | |
| 7,028 | 8,459 | 8,592 | |
| 10,523 | 12,193 | 13,182 |
| Financial Year | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
Equity Capital Equity CapitalCr | 96 | 96 | 193 |
Reserves ReservesCr | 3,244 | 3,914 | 4,964 |
| 3,956 | 4,685 | 4,761 | |
| 3,226 | 3,498 | 3,264 | |
| 10,523 | 12,193 | 13,182 | |
| 3,495 | 3,734 | 4,590 | |
| 7,028 | 8,459 | 8,592 | |
| 10,523 | 12,193 | 13,182 |
| Financial Year | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| 4,175 | 2,936 | 5,048 | |
| -1,237 | -1,811 | -624 | |
| -3,135 | -1,848 | -3,179 | |
Net Cash Flow Net Cash FlowCr | -198 | -723 | 1,244 |
Free Cash Flow Free Cash FlowCr | 2,296 | 932 | 4,221 |
CFO To PAT CFO To PAT% | 106.2 | 91.5 | 144.3 |
CFO To EBITDA CFO To EBITDA% | 71.4 | 61.5 | 95.1 |
| Financial Year | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| 4,175 | 2,936 | 5,048 | |
| -1,237 | -1,811 | -624 | |
| -3,135 | -1,848 | -3,179 | |
Net Cash Flow Net Cash FlowCr | -198 | -723 | 1,244 |
Free Cash Flow Free Cash FlowCr | 2,296 | 932 | 4,221 |
CFO To PAT CFO To PAT% | 106.2 | 91.5 | 144.3 |
CFO To EBITDA CFO To EBITDA% | 71.4 | 61.5 | 95.1 |
| Financial Year | Dec 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 2,52,927 | 2,17,037 | 2,26,538 | 2,63,003 | |
Price To Earnings Price To Earnings | 80.4 | 67.7 | 64.7 | 69.0 | |
Price To Sales Price To Sales | 10.1 | 10.3 | 9.4 | 10.8 | |
Price To Book Price To Book | 75.7 | 54.1 | 43.9 | 51.0 | |
EV To EBITDA EV To EBITDA | 43.2 | 45.7 | 42.5 | 45.9 | |
GPM GPM% | 52.5 | 53.0 | 51.7 | 51.7 | |
OPM OPM% | 23.4 | 24.0 | 23.6 | 22.9 | 23.5 |
NPM NPM% | 15.7 | 16.1 | 15.9 | 15.1 | 15.6 |
ROCE ROCE% | 147.5 | 86.0 | 84.3 | 84.3 | |
ROE ROE% | 117.7 | 80.0 | 67.8 | 67.8 | |
ROA ROA% | 37.4 | 26.3 | 26.5 | 26.5 | |
| Financial Year | Dec 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 2,52,927 | 2,17,037 | 2,26,538 | 2,63,003 | |
Price To Earnings Price To Earnings | 80.4 | 67.7 | 64.7 | 69.0 | |
Price To Sales Price To Sales | 10.1 | 10.3 | 9.4 | 10.8 | |
Price To Book Price To Book | 75.7 | 54.1 | 43.9 | 51.0 | |
EV To EBITDA EV To EBITDA | 43.2 | 45.7 | 42.5 | 45.9 | |
GPM GPM% | 52.5 | 53.0 | 51.7 | 51.7 | |
OPM OPM% | 23.4 | 24.0 | 23.6 | 22.9 | 23.5 |
NPM NPM% | 15.7 | 16.1 | 15.9 | 15.1 | 15.6 |
ROCE ROCE% | 147.5 | 86.0 | 84.3 | 84.3 | |
ROE ROE% | 117.7 | 80.0 | 67.8 | 67.8 | |
ROA ROA% | 37.4 | 26.3 | 26.5 | 26.5 | |
Documents — Nestle India Ltd
Concall Transcript Summaries — Nestle India Ltd