Nestle India, the local arm of global FMCG major Nestle S.A., is set to report its March quarter results on Tuesday, April 21, with expectations of a strong performance led by steady volume growth.
According to the CNBC-TV18 poll, revenue is likely to rise 13.5% YoY to ₹6,250 crore from ₹5,503.9 crore. Profit after tax (PAT) is estimated to increase 12.7% YoY to ₹998 crore from ₹885.4 crore.
Earnings before interest, tax, depreciation and amortisation (EBITDA) is expected to grow 10% to ₹1,530 crore from ₹1,388.9 crore, while margins may moderate to 24.5% from 25.2%.
Growth is expected to be driven by domestic volume expansion of 9-11%, along with 4-5% growth from pricing and product mix.
Export revenue is also likely to remain strong, with a 12-14% YoY increase.
The quarter is expected to benefit from the normalisation of trade channels following GST-related disruptions.
However, gross margins may contract by 50-60 basis points due to higher raw material costs. While easing cocoa prices offer some relief, inflation in key inputs such as milk and coffee remains a concern.
Management commentary will be closely tracked for insights on the impact of unseasonal rains on out-of-home consumption, as well as any potential supply chain disruptions or higher logistics costs stemming from tensions in the Middle East.
Earlier, the company indicated that 2026 is likely to be a year of strong volume-led growth. It continues to target margins in the 22-24% range, with rural demand expected to grow at least 1.5 times the overall business.
Emerging segments such as Nespresso, pet care and business-to-business (B2B) are projected to grow at 2-3 times the core portfolio.
The company also expects its next ₹20,000 crore of revenue to come faster than the previous milestone.
The stock currently trades at around 60 times FY27 estimated earnings.
Shares of Nestle India were last trading 0.47% higher at ₹1,291.60 and remain largely flat on a year-to-date basis.