7 stories mentioning BOM:500790Updated 8d ago
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Nestlé India (NSE:NESTLEIND, BOM:500790) has an average rating of overweight and mean price target of 1,550.72 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Nestlé India (NSE:NESTLEIND, BOM:500790) has an average rating of overweight and mean price target of 1,550.72 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Nestlé India's (NSE:NESTLEIND, BOM:500790) profit jumped 48% during the first quarter of the fiscal year 2026-2027, with sales remaining solid despite the global supply chain being partially affected as a result of geopolitical tensions.Profit rose to 9.75 billion rupees from 6.59 billion rupees in the previous year, according to a Wednesday earnings release from the confectionery product maker.Earnings per share climbed year over year to 5.06 yuan from 3.42 yuan.Revenue increased to 63.8 billion rupees from nearly 51 billion rupees a year earlier.Total sales grew 25%, while exports jumped 36% from the previous year.Nestlé India's chairman and managing director, Manish Tiwary, said all four product groups - beverages, prepared dishes, milk products, and pet food - recorded double-digit growth. The company's chocolate brand KitKat continued to gain market share, while the Nescafé franchise expanded its reach due to increased coffee penetration and other factors."Even as we delivered strong business performance, we remained focused on building the capabilities, partnerships and value chains that strengthen our business for the long term," Tiwary said.Analysts from Jefferies noted that Nestlé India delivered a strong performance partly due to broader industry trends. However, the El Niño weather phenomenon may affect base ingredient prices as it brings lower crop estimates."Coffee prices are expected to remain soft, supported by higher output from Brazil or Vietnam although near-term volatility may persist. Cocoa & sugar prices remain under pressure due to erratic rainfall & lower crop estimates," Jefferies analysts said."Edible oil prices are elevated but stable. Wheat & milk are expected to remain range-bound, while protein complex continues to face inflationary pressure due to higher demand."
Nestlé India (NSE:NESTLEIND, BOM:500790) has an average rating of hold and mean price target of 1,431 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Nestlé India (NSE:NESTLEIND, BOM:500790) has an average rating of hold and mean price target of 1,431 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Indian benchmark indices ended higher on Tuesday as lower crude prices and expectations of renewed U.S.-Iran talks supported risk appetite.The BSE Sensex rose 753.03 points, or 1%, to close at 79,273.33, while the NSE Nifty 50 gained 211.75 points, or 0.9%, to settle at 24,576.60.Sentiment improved on expectations of a second round of talks between the U.S. and Iran later this week. Reports indicate that a U.S. delegation led by U.S. Vice President JD Vance may return to Pakistan for discussions, with Iran also preparing to participate after earlier reluctance.Lower crude prices and buying in banking and FMCG stocks further supported the market.Among stocks, Nestlé India (NSE:NESTLEIND, BOM:500790) surged over 7% after reporting a rise in consolidated profit to 11.1 billion rupees in fiscal Q4 from 8.73 billion rupees a year earlier. Revenue from operations increased to 67.5 billion rupees from 55.0 billion rupees.Prestige Estates Projects (NSE:PRESTIGE, BOM:533274) gained over 2% after reporting initial sales of more than 1,700 units worth over 25 billion rupees for its Hyderabad residential project.
Nestlé India's (NSE:NESTLEIND, BOM:500790) consolidated profit rose to 11.1 billion Indian rupees in the fiscal fourth quarter ended March 31, from 8.73 billion rupees a year ago.Earnings per share came in at 5.77 rupees from 4.53 rupees a year earlier, the fast-moving consumer goods company said in a filing to the Indian stock exchanges.Revenue from operations in fiscal Q4 also increased to 67.5 billion rupees from 55.0 billion rupees a year ago.The company's board recommended a final dividend of 5 rupees per equity share for the financial year 2025-26 on shares of face value of 1 rupee each.The company's shares were up over 7% in recent trade.
