Nestle India shares plunge 9% despite strong quarterly earnings

Nestle India shares experienced a significant decline, falling as much as 9% during Thursday’s trading session on the National Stock Exchange. Despite the selloff, the company reported strong quarterly financial results for the period ended September 2026.

For the quarter, Nestle India reported a consolidated net profit of approximately Rs 1,026.70 crore, representing a 36.3% increase compared to the same period last year. Revenue from operations grew by 20.5% year-over-year to Rs 6,782.17 crore. The company also saw growth in its export business, with overseas sales rising 22%.

Operational highlights included volume-led growth in the confectionery segment, particularly for brands like KitKat, Munch, and Milkybar. The prepared dishes segment, led by Maggi noodles, saw expansion through increased rural penetration. The beverage segment also performed well, driven by Nescafé Gold. However, total expenses rose by 17% due to higher raw material consumption and operating expenditures.