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Nestle India Q4 Results: Stock surges to record high after earnings beat led by double-digit volume growthIn earlier interactions with CNBC-TV18, the management of Nestle India had highlighted that 2026 will be a year of good volume-led growth for the company, and that they will continue to target margins between 22% and 24%.By Mangalam Maloo   |  Hormaz Fatakia   April 21, 2026, 2:32:25 PM IST (Updated)2 Min ReadShares of Nestle India Ltd. surged as much as 5% to a record high on Tuesday, April 21, in response to its March quarter results, that were ahead of analyst expectations.

Net profit for the period increased by 26% from last year to ₹1,114 crore. A CNBC-TV18 poll had pegged the figure at ₹998 crore.

The FMCG major reported revenue of ₹6,748 crore, reporting a growth of 22.6% from the year-ago period, and was higher than the CNBC-TV18 poll figure of ₹6,250 crore.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter grew by 27.6% year-on-year to ₹1,773 crore, also higher than the CNBC-TV18 poll figure of ₹1,530 crore.

Contrary to expectations of margin contraction this quarter, Nestle India's margins expanded by 110 basis points to 26.3% from 25.2%. A CNBC-TV18 poll had pegged the figure of 24.5%.

In its post-earnings statement, Nestle India stated that the company reported its strongest quarterly growth in nearly a decade, driven by double-digit volume growth. The double-digit volume growth was driven by 50% increase in advertising spends, said Chairman & Managing Director Manish Tiwary.

Total sales and domestic sales for the quarter increased by 23.4% and 23.1% respectively.

"Penetration and premiumization, combined with disciplined resource allocation and strong execution, have been key in driving growth," Tiwary said.

Here's what the management said on the commodity outlook going forward:

Coffee prices continue to trend lower

Cocoa prices remain subdued

Edible oil prices are firm and have moved higher in line with global crude oil prices

Wheat has been affected by unseasonal rains in April

Milk prices have firmed and are expected to remain elevated

Nestle India's board has approved a dividend of ₹5 per share as well.

Shares of Nestle India are trading 4.6% higher after the earnings announcement at ₹1,348.4. The stock is up 14% in the last one month.Continue ReadingFirst Published: Apr 21, 2026 10:29 AM ISTTagsNestle IndiaNestle India earningsNestle India Q4Q4 resultsshare market today