Nestle India shares rose as much 2.5 percent in the opening trade on Friday, extending yesterday's gain, after the FMCG major's Q2 FY26 results surpassed expectations on both sales and profitability. Brokerages including CLSA, Morgan Stanley, and HSBC acknowledged the company's strong volume-led growth but differed in their outlook on margins and valuations.
Nestle India stock was trading at Rs 1,289 on NSE at 9:25 am, up 1 percent from the previous close. The stock had closed 3.5 percent higher on Thursday following the results, extending its year-to-date gain to over 17 percent.
The growth was powered by robust performances across key brands -- Maggi, KitKat, and Nescafe -- all posting double-digit volume gains. EBITDA margin stood at 22 percent of sales, while management noted that cost inflation was moderating and consumer demand remained firm.