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Nestlé India’s Q1 growth puts quick commerce and rural reach in focus
Nomura retained Buy on Nestle India and lifted its target after strong Q1FY27 growth. Nestle is expanding rural distribution, e-commerce and quick-commerce sales, while Maggi and KitKat gain scale; India is now their largest global market.
Channel facts
From the report. Source details below
| Nomura price target raised to Rs 1,675 from | Rs 1,500 |
|---|---|
| Q1FY27 standalone revenue grew | 25.2% YoY |
| Volume and mix grew | 20% YoY |
| FY27 and FY28 EPS estimates raised by 8.5% and | 7% |
| FY26-FY29 EPS CAGR forecast at | 18.5% |
| Rural footprint expanded to almost | 216,000 villages |
| Export revenue grew | 35.6% YoY |
Also in the report
- E-commerce and quick commerce contributed 12.5% of Q1FY27 sales
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