Nestlé India's milk segment shrinks to 33% of revenue as confectionery, coffee, pet food take over
Milk and nutrition's share of Nestlé India revenue has collapsed from 49.6% in CY16 to 33.4% in FY26, with the segment growing just 0.7% to ₹7,716 cr as Amul and Mother Dairy dominate dairy. Management is pivoting hard to confectionery (+33% revenue, +25% volume), Nespresso coffee, and Purina pet food (Drools rivalry).
Nestlé India's milk and nutrition segment share fell to 33.4% of FY26 revenue from 49.6% in CY16, with growth at just 0.7%, as cooperatives like Amul dominate dairy and Nestlé pivots to confectionery, coffee, and pet food.