Board approves unaudited standalone and consolidated Q2/H1 results; unmodified limited review report
Nestlé India's Board approved the unaudited standalone and consolidated results for the quarter and half year ended 30th September 2026, reviewed by the Audit Committee on 14th October 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 67,883.4 | 56,436.1 | +20.3% | 63,781.8 | +6.4% |
| Total income | 68,086.0 | 56,491.5 | +20.5% | 64,006.5 | +6.4% |
| Profit before tax | 13,822.0 | 10,184.9 | +35.7% | 13,079.5 | +5.7% |
| Profit after tax | 10,096.1 | 7,431.7 | +35.9% | 9,586.8 | +5.3% |
| Total comprehensive income | 10,087.3 | 7,427.2 | +35.8% | 9,611.8 | +4.9% |
| Basic EPS | 5.24 | 3.86 | +35.8% | 4.97 | +5.4% |
- Total Income YoY Growth
- +20.5% (Year ago 56,491.5)
- Profit After Tax YoY Growth
- +35.9% (Year ago 7,431.7)
- Period
- Three months ended 30.09.2026 (Un-audited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- Exceptional items: restructuring cost charge (provisions for severance compensation for employees) of 36.9 (₹ in million) for Q2 FY27 and 62.3 for Q1 FY27; 99.2 for six months.
- Company entered into Share Subscription and Shareholders' Agreement dated 27th August 2026 to acquire 26% equity stake in Radiance KA Sunshine Seven Private Limited by subscribing to 7,612,500 equity shares of ₹10 each.
- Total sales and domestic sales for the quarter ended 30th September 2026 increased by 20.5% and 20.4% respectively (standalone note).
Board meeting outcome
The Board of Directors met on 15th October 2026 and approved the unaudited standalone and consolidated financial results for the second quarter and half year ended 30th September 2026. The Audit Committee reviewed them at its meeting held on 14th October 2026. The meeting commenced at 10:30 hours and the agenda items concluded at 12:05 hours.
Standalone results for the quarter
The figures below are for the three months ended 30th September 2026, expressed in ₹ million, and are standalone:
- Total income: 68,086.0
- Profit for the period: 10,267.7
- EBITDA (earnings before interest, tax, depreciation and amortisation): 16,154.8
The company states that total sales and domestic sales for the quarter ended 30th September 2026 increased by 20.5% and 20.4% respectively, compared with the quarter ended 30th September 2025.
Charge inside the quarter's numbers
The standalone exceptional items for the quarter include a restructuring cost charge of 36.9 (₹ in million), described as provisions for severance compensation for employees. This sits separately from the ordinary operating lines, so it is worth reading on its own.
Renewable energy investment
Under a Share Subscription and Shareholders' Agreement dated 27th August 2026, the company is to acquire a 26% equity stake in Radiance KA Sunshine Seven Private Limited by subscribing to 7,612,500 equity shares. Radiance KA is establishing a captive renewable energy power plant to meet the power requirement of one of the company's manufacturing facilities, in line with the company's stated commitment to increase the share of renewable energy in its operations. A 26% holding is a minority, associate-level interest rather than a controlling one.
Auditor's review conclusion
The statutory auditors, S.R. Batliboi & Co. LLP, Chartered Accountants, have issued an unmodified limited review report on the results. Unmodified means nothing came to the auditors' attention that caused them to believe the results contain a material misstatement or fail to disclose what the listing rules require. A limited review is narrower than a full audit: it relies mainly on enquiries and analytical procedures and gives moderate assurance, not absolute assurance.
Points a retail reader may note
- These are unaudited results that have been reviewed, not audited.
- The quarter's profit is stated after the restructuring charge mentioned above.
- Segment-wise numbers are not split out because the company's business falls within a single operating segment, namely Food.
- The renewable energy investment is being made through a Share Subscription and Shareholders' Agreement with a captive power plant developer.
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More numbers
- Total income, standalone, quarter ended 30.09.202668,086.0 (₹ in million)
- Profit for the period, standalone, quarter ended 30.09.202610,267.7 (₹ in million)
- EBITDA, standalone, quarter ended 30.09.202616,154.8 (₹ in million)
- Total sales growth, quarter ended 30.09.2026 over 30.09.202520.5%
- Domestic sales growth, quarter ended 30.09.2026 over 30.09.202520.4%
- Restructuring cost charge, standalone, quarter ended 30.09.202636.9 (₹ in million)
- Equity stake to be acquired in Radiance KA Sunshine Seven Private Limited26%
- Equity shares to be subscribed in Radiance KA Sunshine Seven Private Limited7,612,500
- Total income, latest quarter68,086.0 (₹ in million)
- Total income, year-ago quarter56,491.5 (₹ in million)
- Total income, previous quarter64,006.5 (₹ in million)
- Total comprehensive income, latest quarter10,087.3 (₹ in million)
- Total comprehensive income, year-ago quarter7,427.2 (₹ in million)
- Total comprehensive income, previous quarter9,611.8 (₹ in million)
- Profit after tax, latest quarter10,096.1 (₹ in million)
- Profit after tax, year-ago quarter7,431.7 (₹ in million)
- Profit after tax, previous quarter9,586.8 (₹ in million)
- Revenue from operations, latest quarter67,883.4 (₹ in million)
- Revenue from operations, year-ago quarter56,436.1 (₹ in million)
- Revenue from operations, previous quarter63,781.8 (₹ in million)
- Profit before tax, latest quarter13,822.0 (₹ in million)
- Profit before tax, year-ago quarter10,184.9 (₹ in million)
- Profit before tax, previous quarter13,079.5 (₹ in million)
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