Nestle India Ltd

Meeting Details

• Board meeting scheduled on 15 October 2026 to consider unaudited quarterly and half-year results.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated Q2 and H1 results for the period ended 30 September 2026.

Other Notes

• Trading window closed from 1 October 2026 to 17 October 2026.

Event update

• Participated in JP Morgan India Conference on 21 September 2026 in Mumbai; no unpublished price-sensitive information shared.

Investor conference participation

• Nestlé India to attend JP Morgan India Conference on 21 Sep 2026 in Mumbai; no price-sensitive information shared.

One-on-one investor meeting

• One-on-one meeting with an institutional investor concluded in Mumbai.
• No unpublished price sensitive information was shared.
• Intimation of the meeting uploaded on Nestlé India's website.

Target overview

• Target: Radiance KA Sunshine Seven Private Limited, engaged in solar energy generation and sale in India.
• Industry: generation and transmission of renewable energy.

Investment terms

• FY26 turnover of Radiance KA: ₹15.8 crore.
• Total subscription: ₹7.61 crore for 76,12,500 shares.
• Post-acquisition ownership: 26% on fully diluted basis.
• Share count: 76,12,500 equity shares.
• Consideration: cash funded through internal accruals.
• Price per share: ₹10 par.

Timing & approvals

• Indicative completion: within 30 days from agreement execution.
• Regulatory approvals: not applicable.
• Purpose: captive renewable energy for Nestlé manufacturing facility.

Target background & history

• Target background: owns a 17.5 MW AC/26.25 MWp plant at Koppal, Karnataka.
• Incorporation: 2 August 2021.
• Turnover history: FY23-24 ₹17.09 crore; FY24-25 ₹15.76 crore.

Event update

• One-on-one meeting with an institutional investor scheduled for 31 August 2026 at 11:30 IST in Mumbai.
• Intimation uploaded on the company's website.

Public notice for physical share dematerialisation window

• Newspaper advertisement published on 12 August 2026 informs physical-shareholders about SEBI's transfer and dematerialisation window.
• Notice is also uploaded on the Nestlé India website for record.

Growth strategy

• Double-digit volume growth observed in recent quarters.
• Five-year volume CAGR about 4.2%.
• Premium portfolio share rose 11% to 14%, outpacing overall growth.
• Brand penetration is mid-50s across MAGGI, NESCAFÉ, KITKAT.
• Growth supported by direct distribution and rural expansion.

Channel and reach

• Outlet reach expanded by about 500,000 stores in five years.
• Direct distribution emphasizes freshness and shelf life.
• E-commerce and q-commerce grow faster than market average.
• Q-commerce partnerships used as launchpads for innovations like MAGGI Bowl.

Portfolio and innovation

• NESCAFÉ Can and Roastery drive premium coffee experiences.
• KITKAT Delight boosts premiumization, resonates with Gen Z.
• Pro Plan cat nutrition launched with urinary care and hair-fall solutions.
• NESPRESSO four boutique stores across three cities; capsules and espresso range.
• CERELAC introduced ZAS zero-added-sugar alongside standard CERELAC.

Efficiency and technology

• Cost savings accelerated to 2.6% in 2025; prior 1.8–1.9%.
• Advertising spend up ~40% in recent quarters; ROI monitored.
• Digital marketing accounts for 55–60% of spend; ROI uplift expected.
• Capex over Rs 64 billion in five years; MAGGI Rs 170 Cr; Munch Rs 225 Cr.
• SAP S/4HANA ERP migration enables data-driven decisions across value chain.
• Manesar R&D hub links global research with Indian consumer needs.

Macro environment and outlook

• GST tailwinds supported volumes; no GST downside observed in prior year.
• Macro headwinds include inflation and currency volatility; long-term growth remains intact.
• India remains Nestlé's priority market and growth driver for the group.
• Sustained investment behind brands and technology to support growth.

Q&A highlights

• Organic growth focus; no imminent M&A plans; emphasis on existing brands.
• Ad spend rising; ROI tracked; not guaranteed to stay at 40% each quarter.
• E-commerce importance; focus on category share and robust supply-chain partnerships.
• CERELAC ZAS and standard CERELAC both gaining traction after consumer feedback.
• Three new businesses—cereals, pet foods, NESPRESSO; no Drools synergy discussed.
• Milk and nutrition growth driven by execution, science, and affordable price points.