Nestle India share gains over 10% in two sessions post Q4; should investors book profit?

Nestle India share: Shares of Nestle India have risen over 10 per cent in the last two trading sessions after the company reported strong March quarter earnings and announced a dividend. The stock gained more than 8 per cent in the previous session following the results, and added another 3 per cent in early trade on Wednesday.

Nestle India share

The stock gained 3.1 per cent to hit an intraday high of Rs 1,423.90 on the NSE. It had closed at Rs 1,379.90 in the previous session.

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Q4 results: strong profit and revenue growth

Nestle India reported a solid set of numbers for the January–March quarter of FY26. Net profit rose 26 per cent year-on-year to Rs 1,114 crore. It was Rs 885 crore in the same quarter last year.

Revenue from operations also showed strong growth. It increased 23 per cent to Rs 6,748 crore, compared to Rs 5,504 crore a year ago. Company noted that the growth was driven by higher volumes and steady demand across key product categories.

Analysts noted that this is the third consecutive quarter of double-digit revenue growth. This shows consistency in demand recovery and execution.

Dividend announced

The company’s board has recommended a final dividend of Rs 5 per share. The face value of each share is Re 1. The dividend is subject to approval by shareholders.

The record date has been fixed as July 10, 2026. Shareholders who hold the stock before this date will be eligible to receive the dividend. The payment will be made after approval at the annual general meeting scheduled on July 30, 2026.

Brokerages raise target prices

Global brokerages turned positive after the results. Many of them raised their price targets, while maintaining their earlier ratings.

• JPMorgan Chase maintained an ‘Overweight’ rating and raised the target price to Rs 1,500.
• Jefferies kept a ‘Hold’ rating with a target of Rs 1,325.
• Morgan Stanley retained ‘Equalweight’ and raised the target to Rs 1,461.
• Goldman Sachs maintained ‘Neutral’ and raised the target to Rs 1,425.
• UBS retained ‘Neutral’ with a higher target of Rs 1,550.
• Citigroup maintained a ‘Buy’ rating and raised the target to Rs 1,675.
• Nomura retained ‘Buy’ with a target of Rs 1,500.
• Macquarie Group maintained ‘Neutral’ with a target of Rs 1,400.

What analysts are saying

Brokerages said the company delivered a strong beat on both revenue and margins. Domestic revenue growth stood at 23 per cent. This was supported by double-digit volume growth.

They also highlighted that GST rate cuts across categories helped improve demand. Quick commerce platforms and rural distribution expansion are also supporting growth.

Analysts believe that input costs remain stable for now. This can help protect margins in the coming quarters. However, some firms pointed out that valuations remain high. This may limit upside in the near term.

Brokerages said that the company’s management remains focused on volume-led growth. It plans to continue investing in brands and expanding distribution. Key brands such as MAGGI, KITKAT, and NESCAFE continue to perform well. They have maintained strong market positions over the years.