Q2 results: standalone profit ₹ 10,267.7 million, domestic sales up 20.4%, 26% stake in Radiance KA
Board approved unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026.
By ScoutQuest · · 3 min read
- Q2 standalone total income
- ₹ 68,086.0 million
- Q2 standalone profit for the period
- ₹ 10,267.7 million
- Q2 total sales growth YoY
- up 20.5%
What the board approved
Nestlé India's board approved the unaudited standalone and consolidated financial results for the second quarter and half year ended 30 September 2026. The results were reviewed by the audit committee at its meeting on 14 October 2026 and approved by the board on 15 October 2026. The release accompanying the results is titled 'Nestlé India Delivers Strong Volume-Led Growth across Product Groups'.
Standalone quarter (three months ended 30 September 2026)
- Total income: ₹ 68,086.0 million
- Revenue from operations: ₹ 67,883.4 million
- Profit before exceptional items and tax: ₹ 14,030.5 million
- Profit before tax: ₹ 13,993.6 million
- Profit for the period: ₹ 10,267.7 million
- Basic and diluted EPS: ₹ 5.32
- EBITDA: ₹ 16,154.8 million
How it compares with the same quarter last year
- Total income was ₹ 56,491.5 million in the quarter ended 30 September 2025.
- Profit for the period was ₹ 7,532.0 million and basic/diluted EPS was ₹ 3.90 in that quarter.
- EBITDA was ₹ 12,327.4 million a year earlier.
The company's notes state that total sales and domestic sales for the quarter ended 30 September 2026 increased by 20.5% and 20.4% respectively over the quarter ended 30 September 2025, and that cost of materials consumed as a percentage of sales decreased from 45.5% to 43.1% for the quarter.
Exceptional items
A restructuring cost charge comprising provisions for severance compensation for employees of ₹ 36.9 million is shown for the quarter ended 30 September 2026, against ₹ 62.3 million for the quarter ended 30 June 2026, making ₹ 99.2 million for the six months ended 30 September 2026.
Half year and balance sheet
- For the six months ended 30 September 2026, standalone total income was ₹ 1,32,092.5 million, profit for the period ₹ 20,018.9 million, EPS ₹ 10.38 and EBITDA ₹ 31,536.1 million.
- Standalone total assets were ₹ 1,43,838.1 million as at 30 September 2026, against ₹ 1,33,571.7 million as at 31 March 2026.
- Cash and cash equivalents at the end of the period were ₹ 17,053.5 million.
- Net cash generated from operating activities for the six months was ₹ 22,584.3 million, and dividends paid were ₹ 13,498.2 million.
Renewable energy investment
The company entered into a Share Subscription and Shareholders' Agreement dated 27 August 2026 to acquire a 26% equity stake in Radiance KA Sunshine Seven Private Limited by subscribing to 7,612,500 equity shares of ₹ 10 each. The company states that Radiance KA is establishing a captive renewable energy power plant to meet the power requirements of one of its manufacturing facilities.
Consolidated view (a snapshot)
- Consolidated total income for the quarter was ₹ 68,086.0 million and profit for the period ₹ 10,096.1 million; consolidated basic/diluted EPS was ₹ 5.24.
- For the six months, consolidated profit for the period was ₹ 19,682.9 million with EPS ₹ 10.21.
Auditor's review
The statutory auditors' review report on the standalone results is unmodified. A review is a limited-review exercise that provides moderate assurance and is narrower in scope than a full audit.
Points a retail investor may weigh
- The results are unaudited and have been subject to a limited review by the statutory auditors.
- Reported profit for the quarter is arrived at after the restructuring charge mentioned above.
- The 20.5% and 20.4% sales growth figures are the company's own year-on-year comparisons for the quarter ended 30 September 2026.
- The Radiance KA investment is linked to the power requirements of one of the company's manufacturing facilities and to increasing the share of renewable energy in its operations.
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21 Oct 2026
Nestle's quarterly numbers looked strong but the stock fell on management's outlook about rising food inflation squeezing margins
16 Oct 2026
Brokerages cut estimates and gave mixed views on Nestle after Q2 results, citing rising inflation risk and base effect concerns
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More numbers
- Total income, standalone Q2 (₹ in million)₹ 68,086.0 million
- Profit for the period, standalone Q2₹ 10,267.7 million
- Basic/Diluted EPS, standalone Q2₹ 5.32
- EBITDA, standalone Q2₹ 16,154.8 million
- Total sales growth YoY, Q220.5%
- Domestic sales growth YoY, Q220.4%
- Equity stake to be acquired in Radiance KA Sunshine Seven26%
- Equity shares to be subscribed in Radiance KA7,612,500
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