Nestlé India's milk segment fades as confectionery, prepared dishes drive growth
Milk and nutrition shrank to 33.4% of Nestlé India's revenue in FY26 from 49.6% in CY16, growing just 0.7% as Amul and cooperatives dominate dairy. Confectionery surged 33% on 25% volume growth, with KitKat and Munch gaining 8.9% YTD share, reshaping the ₹23,154 crore portfolio.
Nestlé India's milk and nutrition segment shrank to 33.4% of revenue in FY26 from 49.6% in CY16, growing just 0.7% as cooperatives like Amul dominate dairy, while confectionery and prepared dishes drive double-digit growth.