Nestlé India Q1 profit jumps 48%, but Jefferies stays cautious on valuation
Nestlé India reported Q1FY27 revenue growth of 25.2% and a 48% rise in net profit to Rs 975 crore, with EBITDA margin expanding to 24.1%. Jefferies raised its target price to Rs 1,425 but retained Hold, citing the stock’s roughly 70x forward earnings valuation.
Nestle India posted strong Q1FY27 growth across categories and channels, aided by margins and rural momentum. Jefferies retained Hold despite raising its target, citing rich valuation, while Macquarie stayed Neutral and expects favourable input costs to support margins.
Why this matters
The result extends Nestlé India’s recent pattern of June-quarter profit growth near 48%, with prior signals also citing stronger demand, premiumisation and sales growth as margin drivers.
Retail-company signals are accelerating, up +1022300% QoQ.