Whalesbook
Nestle India ne apna Q4 FY26 ka result announce kiya hai aur sab chaunk gaye! Company ka revenue 22.6% badh kar ₹6,748 crore ho gaya, aur net profit toh 27% ka jump dikha kar ₹1,110 crore tak pahunch gaya.
Is performance ke baad Nestle India ka share price bhi record bana gaya, ₹1,380 ke aas paas chalte hue ₹1,396 ke bhi upar nikal gaya! Company ne marketing par bhi khoob paisa lagaya, advertising spending 50% se zyada badha di. Iska asar bhi dikha Maggi aur Nescafe jaise brands mein double-digit volume growth ke roop mein. Company ki domestic sales bhi ab tak ki sabse highest rahi, thanks to unke 216,000+ villages tak pahunchne wale distribution network ko.
ab brokers ki baat karein toh yahan mix reviews hain. Nomura aur Nuvama jaise analysts full positive hain, unhone target prices ₹1,500 aur ₹1,640 set kiye hain, jo respectively 8.7% aur 18.8% ka potential gain dikha rahe hain. Unka kehna hai ki consistent growth aur better margins stock ko aur upar le jayenge.
par Motilal Oswal thoda cautious hai. Unhone 'Neutral' rating ke saath ₹1,400 ka target diya hai. Unke hisaab se stock abhi bhi expensive lag raha hai. Ye high valuation is baat se bhi clear hoti hai ki Nestle India ka TTM P/E ratio 73.8x hai, jabki Hindustan Unilever (HUL) ka 54.4x aur Britannia Industries ka 56.5x hai. Matlab, Nestle India ka share apni value se zyada expensive lag raha hai, jiske karan kuch analysts ko 3.5% tak ki girawat ka bhi dar hai.
Is valuation pressure ke saath, input costs ki chinta bhi badh rahi hai. Milk aur edible oils jaise raw materials ke rates high chal rahe hain, aur gehun ki quality par bhi barishon ka asar pada hai. Company ko past mein bhi kuch issues face karne pade hain, jaise Maggi par ban jo 2015 mein laga tha. Ye sab cheezein dikhati hain ki company par kitni scrutiny rehti hai.
Overall, FMCG sector ke liye 2026 mein achhi growth ki umeed hai. Nestle India ka management bhi confident hai. Par ab investors aur analysts yahi dekhenge ki kya company apni earning growth ko itna fast rakh paati hai ki ye high valuation justify ho sake, especially badhti input costs aur competition ke beech.