Manish Tiwary will assume his office as Chairman and Managing Director of the company, effective 1 August 2025
Hit by elevated consumption prices across the commodity portfolio, Nestle India has seen a 13 per cent year-on-year (YoY) dip in its net profit for the first quarter of the current financial year (Q1FY26). The net profit decreased to Rs 647 crore in Q1FY26 from Rs 747 crore in Q1FY25.
The financial results of the company revealed that the revenue from operations grew 6 per cent to Rs 5,096 crore in the recently concluded quarter from Rs 4,814 crore in the corresponding period of the previous fiscal year (Q1FY25). The total expenses during the quarter also rose to Rs 4,199.7 crore as compared to Rs 3,844 crore in Q1FY25, the company said in a regulatory filing.
The company’s board has also approved the appointment of Manish Tiwary as the Chairman of the Board, effective 1 August 2025. Accordingly, Tiwary will assume his office as Chairman and Managing Director of the company, effective 1 August 2025. Suresh Narayanan will relinquish his office as Chairman and Managing Director of the company upon his retirement on 31st July 2025.
“I am pleased to inform you that we have delivered a balanced growth in three out of our four product group categories. Prepared dishes and cooking aids, powdered and liquid beverages and confectionery have bounced back to volume-led growth. Seven out of twelve top brands grew at double-digit,” stated Suresh Narayanan, Chairman and Managing Director, Nestlé India.
The company witnessed higher operations costs as a result of significant expansion in manufacturing in the last seven to eight months. Moreover, borrowing from commercial banks to fund temporary operational cash-flow requirements resulted in higher finance costs in the quarter. The confectionery category saw high double-digit growth, driven by underlying volume growth. Nestlé breakfast cereals business reported high double-digit growth.
Ecommerce has maintained its growth momentum, contributing to 12.5 per cent of domestic sales, driven by quick commerce and new introductions. Nestlé India’s out-of-home business consistently grew at double-digit rates.
