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Indian subsidiary of Swiss food giant Nestle, making Maggi noodles, Nescafe coffee, KitKat and infant nutrition products.
Indian subsidiary of Swiss food giant Nestle, making Maggi noodles, Nescafe coffee, KitKat and infant nutrition products.
Sells packaged foods at everyday prices through a distributor network reaching towns and villages, and pays its Swiss parent a royalty for brands and technology. Nestle SA holds the majority of the shares. Maggi noodles, its biggest brand, were pulled from shelves in 2015 over a safety dispute with regulators and later recovered.
In one line: India's General Mills/Kraft Heinz hybrid.
Moat: wide (brand, distribution, scale). Iconic, category-defining brands (Maggi) with an extensive rural and urban distribution network built over decades.
Headquarters: Gurugram, India · Founded: 1959 · Employees: 19,157
Size Nestle India (NESTLEIND.NS) is an India Consumer Staples company (Food: Major Diversified) with a market value of $26.0B, the 35th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,282 on 6 Nov 2026.
Performance Over six months the shares fell 13.1%, against +3.5% for the median peer and 0.0% for the India market (cap-weighted) — lowest of 7 in its peer set.
Growth Revenue grew 21.7% over the last twelve months (peer median -0.5%); the operating margin is 21.1% (peer median 13.0%).
Valuation It trades at 59.4× forward earnings against a peer median of 13.0× (most expensive of 7).
Price implies For today's price to make sense, revenue must grow about 37% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +25 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 76.1 points above its cost of capital (14.8% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹256B | ₹231B | ₹201B | ₹195B | ₹168B |
| Revenue growth | — | +15% | +3% | +16% | — |
| Gross profit | ₹114B | ₹89.8B | ₹80.8B | ₹78.9B | ₹63.2B |
| EBITDA | ₹61.6B | ₹52.9B | ₹47.9B | ₹46.7B | ₹37.6B |
| Net income | ₹40.8B | ₹35.0B | ₹32.1B | ₹31.5B | ₹23.9B |
| Free cash flow | n/a | ₹42.3B | ₹9.95B | ₹24.6B | ₹22.9B |
| Capital expenditure | n/a | ₹8.30B | ₹20.1B | ₹18.8B | ₹5.50B |
| Total debt | ₹4.64B | ₹4.44B | ₹11.7B | ₹3.45B | ₹2.71B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Nestle India NESTLEIND.NS | $26.0B | -13% | +22% | 21% | 59.4× | 36.6% |
| Hindustan Unilever HINDUNILVR.NS | $49.6B | -12% | +6% | 21% | 41.5× | 27.2% |
| ITC ITC.NS | $37.5B | -8% | -2% | 30% | 20.2× | 13.2% |
| Britannia Industries BRITANNIA.NS | $12.1B | -18% | +7% | 17% | 41.7× | 28.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NESTLEIND.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.2% | +9.2% | lowest of 7 |
| 6-month return | -13.1% | +3.5% | lowest of 7 |
| Distance from 52-week high | -17.4% | -22.2% | 3rd highest of 7 |
| Revenue growth (TTM) | +21.7% | -0.5% | 2nd highest of 7 |
| Operating margin | 21.1% | 13.0% | 2nd highest of 7 |
| Forward P/E | 59.4× | 13.0× | most expensive of 7 |
| Growth the price implies (Req g, 7 yrs) | 36.6% | -4.9% | most demanding of 6 |
| Growth delivered (Del g) | +11.7% | +0.3% | 2nd highest of 6 |
| Hurdle (Req g minus delivered) | +24.9 pp | -5.1 pp | most demanding of 6 |
| ROIC minus cost of capital | +76.1 pp | +0.8 pp | highest of 7 |
| EV / EBITDA | 39.6× | 8.9× | most expensive of 6 |
| Net debt / EBITDA | -0.2× | 3.1× | least indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nestle India NESTLEIND.NS | India | $26.0B | -13% | +22% | 21% | 59.4× | 36.6% | +11.7% |
| Kraft Heinz KHC | United States | $29.2B | +5% | -2% | 17% | 12.5× | -3.9% | -1.0% |
| Yihai Kerry Arawana 300999.SZ | China | $21.3B | -8% | +2% | 1% | 37.3× | n/a | n/a |
| General Mills GIS | United States | $19.0B | +2% | -4% | 15% | 11.4× | -6.7% | +0.3% |
| Associated British Foods ABF.L | United Kingdom | $18.7B | +11% | +1% | 7% | 13.5× | 7.8% | +7.1% |
| Conagra Brands CAG | United States | $7.28B | +8% | -2% | 11% | 10.6× | -4.9% | +0.2% |
| SamyangFood 003230.KS | South Korea | $6.70B | -9% | +38% | 23% | 16.3× | -6.6% | +29.4% |