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Nifty Non-Cyclical Consumer Results: Latest Quarterly Results & Analysis

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Avenue Supermarts Ltd. 04 May 2026 12:11 PM
Result PDF

Q4FY26 & FY26 Result Announced for Avenue Supermarts Ltd.

Department Stores company Avenue Supermarts announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Total Revenue for Q4FY26 stood at Rs 17,684 crore, as compared to Rs 14,872 crore in Q4FY25. EBITDA in Q4FY26 stood at Rs 1,211 crore, as compared to Rs 955 crore in Q4FY25. EBITDA margin stood at 6.8% in Q4FY26 as compared to 6.4% in Q4FY25.
  • Net Profit stood at Rs 656 crore for Q4FY26, as compared to Rs 551 crore in Q4FY25. PAT margin stood at 3.7% in Q4FY26 as compared to 3.7% in Q4FY25.
  • Basic Earnings per share (EPS) for Q4FY26 stood at Rs 10.09, as compared to Rs 8.47 for Q4FY25.
  • Total Revenue for FY26 stood at Rs 68,821 crore, as compared to Rs 59,358 crore in FY26. EBITDA in FY26 stood at Rs 5,187 crore, as compared to Rs 4,487 crore during FY25. EBITDA margin stood at 7.5% in FY26 as compared to 7.6% in FY25.
  • Net Profit stood at Rs 2,970 crore for FY26, as compared to Rs 2,707 crore in FY25. PAT margin stood at 4.3% in FY26 as compared to 4.6% in FY25.
  • Basic Earnings per share (EPS) for FY26 stood at Rs 45.65 as compared to Rs 41.61 for FY25.

Standalone Financial Highlights:

  • Total Revenue for Q4FY26 stood at Rs 17,205 crore, as compared to Rs 14,462 crore in Q4FY25. EBITDA in Q4FY26 stood at Rs 1,231 crore, as compared to Rs 981 crore in Q4FY25. EBITDA margin stood at 7.2% in Q4FY26 as compared to 6.8% in Q4FY25.
  • Net Profit stood at Rs 725 crore for Q4FY26, as compared to Rs 620 crore in Q4FY25. PAT margin stood at 4.2% in Q4FY26 as compared to 4.3% in Q4FY25.
  • Basic Earnings per share (EPS) for Q4FY26 stood at Rs 11.13, as compared to Rs 9.52 for Q4FY25.
  • Total Revenue for FY26 stood at Rs 66,968 crore, as compared to Rs 57,790 crore in FY26. EBITDA in FY26 stood at Rs 5,255 crore, as compared to Rs 4,543 crore during FY25. EBITDA margin stood at 7.8% in FY26 as compared to 7.9% in FY25.
  • Net Profit stood at Rs 3,224 crore for FY26, as compared to Rs 2,927 crore in FY25. PAT margin stood at 4.8% in FY26 as compared to 5.1% in FY25.
  • Basic Earnings per share (EPS) for FY26 stood at Rs 49.54, as compared to Rs 44.98 for FY25.

Anshul Asawa, Managing Director & CEO, Avenue Supermarts, said: “Our revenue in Q4FY26 grew by 19.0% over the previous year. PAT grew by 16.9% over the previous year. Two years and older DMart stores grew by 10.8% during Q4FY26 as compared to 8.1% in Q4FY25. Gross margins saw slight improvement and costs are largely in-line with business growth.

Geopolitical tensions led to some spike in consumer-buying during the month of March 2026 which normalized towards the end of the month. Our business has largely not witnessed any supply chain disruptions thus far.

We opened 58 new stores during the quarter and also reached the landmark achievement of 500 DMart stores. This was made possible by the dedication of our employees and the trust our customers have placed in us every single day”.

Vikram Dasu, Whole Time Director & CEO, Avenue E-Commerce, said: “Our DMart Ready business continues to focus in key metro towns. We have further rationalized our delivery channels with renewed focus on home delivery as the preferred channel. We have discontinued our operations in one city during the quarter. As of March 31, 2026, we operate in 18 cities”.

Result PDF

Result PDF

Personal Products company Hindustan Unilever announced Q4FY26 & FY26 results

Q4FY26 Consolidated Quarterly Results

  • Turnover/Revenue from Operations: Rs 16,172 crore in Q4FY26 compared to Rs 14,955 crore in Q4FY25, representing a YoY growth of 8.14%. On a QoQ basis, it decreased slightly from Rs 16,197 crore in Q3FY26.
  • EBITDA: Rs 3,841 crore in Q4FY26, reflecting a 6% growth compared to Rs 3,619 crore in Q4FY25.
  • EBITDA Margin: 23.7% in Q4FY26, which declined by 50 bps compared to 24.2% in Q4FY25.
  • Profit Before Tax (PBT): Rs 3,924 crore in Q4FY26 compared to Rs 3,398 crore in Q4FY25 (up 15.48% YoY) and Rs 2,919 crore in Q3FY26 (up 34.43% QoQ).
  • Profit After Tax (PAT) from Continuing Operations: Rs 3,002 crore in Q4FY26 compared to Rs 2,501 crore in Q4FY25 (up 20.03% YoY) and Rs 2,118 crore in Q3FY26 (up 41.74% QoQ).
  • PAT before exceptional items (PAT bei): Rs 2,711 crore in Q4FY26, growing 4% YoY compared to Rs 2,616 crore in Q4FY25.
  • Underlying Sales Growth (USG): 7% in Q4FY26.
  • Underlying Volume Growth (UVG): 6% in Q4FY26.

FY26 Consolidated Annual Results

  • Turnover: Rs 63,763 crore for FY26 compared to Rs 60,573 crore for FY25, a growth of 5.27% YoY.
  • EBITDA: Rs 15,054 crore in FY26, a growth of 2% YoY compared to FY25.
  • EBITDA Margin: 23.6% in FY26, down 70 bps YoY.
  • Profit Before Tax (PBT): Rs 13,812 crore in FY26 compared to Rs 14,428 crore in FY25, a decrease of 4.27%.
  • Profit After Tax (PAT) from Continuing Operations: Rs 10,652 crore in FY26 compared to Rs 10,680 crore in FY25.
  • PAT before exceptional items (PAT bei): Rs 10,324 crore in FY26, which remained flat compared to the previous year.
  • Dividend: The Board recommended a final dividend of Rs 22 per share. Total dividend for FY26 amounts to Rs 41 per equity share (including Rs 19 interim dividend).

Q4FY26 Standalone Quarterly Results

  • Sale of Products: Rs 15,599 crore in Q4FY26 compared to Rs 14,539 crore in Q4FY25 (up 7.29% YoY). On a QoQ basis, it decreased from Rs 15,614 crore in Q3FY26.
  • Total Income: Rs 15,996 crore in Q4FY26 compared to Rs 15,033 crore in Q4FY25 (up 6.41% YoY) and Rs 16,026 crore in Q3FY26.
  • Profit Before Tax (PBT): Rs 3,834 crore in Q4FY26 compared to Rs 3,390 crore in Q4FY25 (up 13.1% YoY) and Rs 3,366 crore in Q3FY26 (up 13.9% QoQ).
  • Profit After Tax (PAT): Rs 2,938 crore in Q4FY26 compared to Rs 2,519 crore in Q4FY25 (up 16.63% YoY) and Rs 2,590 crore in Q3FY26 (up 13.44% QoQ).

FY26 Standalone Annual Results

  • Total Income: Rs 62,934 crore in FY26 compared to Rs 60,853 crore in FY25, up 3.42% YoY.
  • Profit Before Tax (PBT): Rs 14,080 crore in FY26 compared to Rs 14,313 crore in FY25, down 1.63% YoY.
  • Profit After Tax (PAT): Rs 11,020 crore in FY26 compared to Rs 10,653 crore in FY25, up 3.44% YoY.

Business Highlights

  • Q4FY26 Segment-wise Performance:
    • Home Care: Revenue of Rs 6,344 crore with a segment margin of 19%. Achieved 9% USG and High-single digit UVG.
    • Beauty & Wellbeing: Revenue of Rs 3,698 crore with a segment margin of 29%. Achieved 8% USG and Mid-single digit UVG.
    • Personal Care: Revenue of Rs 2,229 crore with a segment margin of 19%. Achieved 5% USG and Low-single digit UVG decline.
    • Foods: Revenue of Rs 3,566 crore with a segment margin of 20%. Achieved 5% USG and High-single digit UVG.
  • FY26 Segment-wise Performance:
    • Home Care: Revenue of Rs 23,672 crore (YoY: Rs 22,958 crore) with a segment margin of 19%. USG stood at 4%.
    • Beauty & Wellbeing: Revenue of Rs 14,990 crore (YoY: Rs 13,523 crore) with a segment margin of 28%. USG stood at 6%.
    • Personal Care: Revenue of Rs 9,564 crore (YoY: Rs 9,166 crore) with a segment margin of 19%. USG stood at 4%.
    • Foods: Revenue of Rs 14,061 crore (YoY: Rs 13,501 crore) with a segment margin of 20%. USG stood at 5%.

Priya Nair, CEO and Managing Director, said: "FY26 witnessed an improved demand environment driven by supportive macro-economic policies. During the year, we took decisive actions to accelerate growth, including sharpening our portfolio, scaling investments to create desire at scale, strengthening frontline demand generation capabilities, and simplifying the organisation to drive speed, focus, and execution. These initiatives resulted in consistent improvement in performance through the year with 8% Revenue Growth and 7% Underlying Sales Growth in the March quarter, translating into 5% Underlying Sales Growth for the financial year.

More recently, heightened geopolitical tensions have led to commodity and currency volatility. We are navigating these headwinds through disciplined savings, the resilience of our global and local supply chain and calibrated pricing actions. Looking ahead, we are well positioned to navigate this volatile operating environment, supported by our strong brands, robust financial position and operational agility. We are focussed on strengthening our consumer franchise while delivering sustainable and competitive growth."

Result PDF

Internet & Catalogue Retail company Eternal announced Q4FY26 & FY26 results

Q4FY26 Standalone Financial Highlights:

  • Revenue from Operations: Rs 2,953 crore in Q4FY26, compared to Rs 2,883 crore in Q3FY25 (up 2.43% QoQ) and Rs 2,192 crore in Q4FY25 (up 34.72% YoY).
  • Total Income: Rs 3,490 crore in Q4FY26, compared to Rs 3,308 crore in Q3FY25 (up 5.50% QoQ) and Rs 2,593 crore in Q4FY25 (up 34.59% YoY).
  • Profit for the Period (Net Profit): Rs 705 crore in Q4FY26, compared to Rs 657 crore in Q3FY25 (up 7.31% QoQ) and Rs 575 crore in Q4FY25 (up 22.61% YoY).
  • Total Comprehensive Income: Rs 373 crore in Q4FY26, compared to Rs 421 crore in Q3FY25 (down 11.40% QoQ) and Rs 615 crore in Q4FY25 (down 39.35% YoY).
  • Earnings Per Share (EPS) - Basic: Rs 0.77 in Q4FY26, compared to Rs 0.72 in Q3FY25 (up 6.94% QoQ) and Rs 0.63 in Q4FY25 (up 22.22% YoY).

Q4FY26 Consolidated Financial Highlights:

  • Revenue from Operations: Rs 17,292 crore in Q4FY26, compared to Rs 16,315 crore in Q3FY25 (up 5.99% QoQ) and Rs 5,833 crore in Q4FY25 (up 196.45% YoY).
  • Total Income: Rs 17,634 crore in Q4FY26, compared to Rs 16,663 crore in Q3FY25 (up 5.83% QoQ) and Rs 6,201 crore in Q4FY25 (up 184.37% YoY).
  • Profit for the Period (Net Profit): Rs 174 crore in Q4FY26, compared to Rs 102 crore in Q3FY25 (up 70.59% QoQ) and Rs 39 crore in Q4FY25 (up 346.15% YoY).
  • Total Comprehensive Income / (Loss): A loss of Rs 154 crore in Q4FY26, compared to a loss of Rs 130 crore in Q3FY25 (loss increased 18.46% QoQ) and a profit of Rs 78 crore in Q4FY25.
  • Earnings Per Share (EPS) - Basic: Rs 0.19 in Q4FY26, compared to Rs 0.11 in Q3FY25 (up 72.73% QoQ) and Rs 0.04 in Q4FY25 (up 375.00% YoY).

FY26 Standalone Financial Highlights:

  • Revenue from Operations: Rs 10,899 crore in FY26, compared to Rs 8,617 crore in FY25 (up 26.48% YoY).
  • Total Income: Rs 12,702 crore in FY26, compared to Rs 9,877 crore in FY25 (up 28.60% YoY).
  • Profit for the Year (Net Profit): Rs 2,655 crore in FY26, compared to Rs 1,960 crore in FY25 (up 35.46% YoY).
  • Net Cash generated from Operating Activities: Rs 340 crore in FY26, compared to Rs 1,614 crore in FY25 (down 78.93% YoY).
  • Earnings Per Share (EPS) - Basic: Rs 2.91 in FY26, compared to Rs 2.22 in FY25 (up 31.08% YoY).

FY26 Consolidated Financial Highlights:

  • Revenue from Operations: Rs 54,364 crore in FY26, compared to Rs 20,243 crore in FY25 (up 168.55% YoY).
  • Total Income: Rs 55,760 crore in FY26, compared to Rs 21,320 crore in FY25 (up 161.54% YoY).
  • Profit for the Year (Net Profit): Rs 366 crore in FY26, compared to Rs 527 crore in FY25 (down 30.55% YoY).
  • Total Comprehensive Income / (Loss): A loss of Rs 166 crore in FY26, compared to a profit of Rs 655 crore in FY25.
  • Net Cash generated from Operating Activities: Rs 632 crore in FY26, compared to Rs 308 crore in FY25 (up 105.19% YoY).
  • Earnings Per Share (EPS) - Basic: Rs 0.40 in FY26, compared to Rs 0.60 in FY25 (down 33.33% YoY).

Business Highlights:

  • Asset Transfer Agreement: The Company entered into an agreement to transfer the technology stack of the 'District' platform, along with identified employees, to its wholly-owned subsidiary, Wasteland Entertainment Private Limited (WEPL), for a cash consideration of Rs 24,19,13,925 to improve organizational efficiency.
  • Acquisition of Movie/Events Business: The Company completed the acquisition of Orbgen Technologies Private Limited (OTPL) and WEPL, holding the ‘Movies Ticketing’ and ‘Events’ businesses, from One 97 Communications Limited for a total purchase consideration of Rs 2,014 crore.
  • Segment Performance:
    • Quick Commerce (Blinkit): This segment saw massive growth, with annual consolidated revenue reaching Rs 37,779 crore in FY26, up from Rs 5,206 crore in FY25. The group transitioned from a marketplace model to a combination of marketplace and inventory-led models in this segment.
    • India Food Ordering and Delivery: Annual revenue grew to Rs 10,159 crore in FY26 from Rs 8,080 crore in FY25.
    • Hyperpure (B2B): Annual revenue reached Rs 5,366 crore in FY26 from Rs 6,196 crore in FY25.
  • Leadership Changes: Mr. Deepinder Goyal resigned as CEO and Managing Director (effective February 1, 2026) and was appointed as Vice Chairman and Non-Executive Director. Mr. Albinder Singh Dhindsa was appointed as the new Chief Executive Officer.

Result PDF

Food & Beverages company Varun Beverages announced Q1CY26 & CY25 results

Q1CY26 Standalone Financial Highlights:

  • Revenue from operations: Rs 45,005.54 million (YoY: 11.06% increase, QoQ: 110.77% increase)
  • Total Income: Rs 45,748.76 million (YoY: 11.25% increase, QoQ: 94.70% increase)
  • Net profit after tax: Rs 7,879.07 million (YoY: 16.20% increase, QoQ: 201.86% increase)
  • Net cash inflow from operating activities: Rs 2,032.75 million (YoY: 59.42% decrease)
  • Earnings per share (Basic): Rs 2.33 (YoY: 15.92% increase, QoQ: 202.60% increase)
  • Dividend: The Board approved an interim dividend of 25% of face value, i.e., Rs 0.50 per equity share.

Q1CY26 Consolidated Financial Highlights:

  • Revenue from operations: Rs 67,215.37 million (YoY: 18.34% increase, QoQ: 55.06% increase)
  • Total Income: Rs 67,650.65 million (YoY: 18.52% increase, QoQ: 52.58% increase)
  • Net profit after tax: Rs 8,787.13 million (YoY: 20.15% increase, QoQ: 237.96% increase)
  • Earnings per share (Basic): Rs 2.58 (YoY: 20.00% increase, QoQ: 248.65% increase)

CY25 Standalone Financial Highlights:

  • Revenue from operations: Rs 1,45,568.22 million
  • Total Income: Rs 1,50,707.56 million
  • Net profit after tax: Rs 26,766.42 million
  • Earnings per share (Basic): Rs 7.91

CY25 Consolidated Financial Highlights:

  • Revenue from operations: Rs 2,22,255.84 million
  • Total Income: Rs 2,25,779.32 million
  • Net profit after tax: Rs 30,620.42 million
  • Earnings per share (Basic): Rs 8.98

Business Highlights:

  • Consolidated sales volume grew by 16.3% to 363.4 million cases, driven by a strong volume growth of 14.4% in India and 21.4% in international territories.
  • Consolidated Net realization per case improved by 1.6%.
  • Gross margins improved by 62 bps to 55.2%, supported by early stocking of raw materials.
  • Mix of Low sugar / No sugar products increased to approximately 63% of consolidated sales volumes.
  • Consummated the acquisition of 100% stake in Twizza (Pty) Limited, South Africa, for an enterprise value of Rs 11,398 million (ZAR 2,053 million).
  • Entered a share purchase agreement to acquire 100% of Crickley Dairy Proprietary Limited, South Africa, for an enterprise value of approximately Rs 1,314.68 million (~ ZAR 238 million).

Ravi Jaipuria, Chairman, Varun Beverages, said: "We are pleased to report a strong performance in Q1CY26, supported by healthy demand, disciplined execution, and continued progress across our markets. Consolidated sales volumes grew by 16.3% in Q1CY26, driven by volume growth of 14.4% in India and 21.4% in international territories. Revenue increased by 18.1% YoY to Rs 65,742 million, and EBITDA improved by 21.0% YoY to Rs 15,289 million.

In India, demand remained encouraging during the quarter, supported by our wide distribution reach, strengthened execution, and continued investments in manufacturing capacity and chilling infrastructure. We undertook targeted initiatives to drive volumes and strengthen our domestic portfolio, including pack upsizing, selective price-point launches in identified markets to onboard new consumers, and new launches in the energy and juice-based drink segments. The facilities commissioned over the last year have stabilized well and are expected to support growth and enhance operating efficiencies going forward.

Our international business continued to make steady progress during the quarter. We consummated the acquisition of Twizza in South Africa through BevCo, strengthening our manufacturing footprint and route-to-market capabilities in Africa's largest soft drinks market. The acquisition is expected to generate meaningful operational and commercial synergies over time. We have also entered into an agreement to acquire Crickley Dairy through BevCo, which will further strengthen our presence in South Africa, subject to regulatory and other approvals. Across Africa, we continue to build scale in snacks and deepen our presence in high-potential markets, in line with our strategy of broadening the portfolio and strengthening consumer relevance.

In accordance with our dividend policy, the Board of Directors has approved an interim dividend of 25% of face value, i.e., Rs 0.50 per share, resulting in a total cash outflow of approximately Rs 1,691 million.

Looking ahead, we remain confident in the long-term opportunity across our markets, supported by favorable demographics, rising incomes, growing urbanization, and increasing beverage consumption. With adequate capacities, a diversified portfolio, and a strong distribution network, we are well-positioned to deliver sustained growth and create long-term value for all our stakeholders."

Result PDF

Department Stores company Trent announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Revenue from operations: Rs 5,028 crore, change 19% YoY.
  • EBITDA: Rs 653 crore, change 44% YoY.
  • PAT: Rs 413 crore, change 33% YoY.

FY26 Financial Highlights:

  • Revenue from operations: Rs 20,074 crore, change 17% YoY.
  • EBITDA: Rs 2,702 crore, change 25% YoY.
  • PAT: Rs 1,741 crore, change 13% YoY.

Noel N Tata, Chairman, Trent, said: “In FY26, the business delivered encouraging performance, while navigating multiple macroeconomic and geopolitical developments with resilience. We believe that the consumer sentiment would recover further in the coming months once the geopolitical environment settles down.

The Indian consumer continues to evolve with growing aspirations and increasing access to a diverse set of offerings. In this context, we believe, a differentiated customer proposition that builds on relevance and ubiquitous presence will continue to see much traction. We are still in the initial laps of our growth and we remain committed to building out a portfolio of brands that address the significant market opportunity in the lifestyle space.

In our Star business, we continue to apply Trent’s playbook and the contribution of our own brands and products is now trending over 73% of revenues. We recognize that the expansion program for Star stores has been slower vis-à-vis our expectations and we are looking to accelerate this agenda in the coming years. We are also looking to make select commitments to retail real estate that allows Star to viably access dense catchments. The food and grocery opportunity is significant and the Star model is differentiated. We remain convinced that this business is well poised to deliver growing consumer value in the years ahead.”

Result PDF

Telecom Services company Tata Communications announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Gross Revenue: Rs 6,554 lakh against Rs 5,990 lakh during Q4FY25, change 9%.
  • EBITDA: Rs 1,284 lakh against Rs 1,122 lakh during Q4FY25, change 14%.
  • EBITDA Margin: 19.6% for Q4FY26.
  • PAT: Rs 263 lakh against Rs 761 lakh during Q4FY25, change -65%.
  • PAT Margin: 4% for Q4FY26.

FY26 Financial Highlights:

  • Gross Revenue: Rs 24,803 lakh against Rs 23,109 lakh during FY25, change 7%.
  • EBITDA: Rs 4,822 lakh against Rs 4,569 lakh during FY25, change 6%.
  • EBITDA Margin: 19.4% for FY26.
  • PAT: Rs 1,044 lakh against Rs 1,625 lakh during FY25, change -36%.
  • PAT Margin: 4.2% for FY26.

Ganesh Lakshminarayanan, MD & CEO Designate, Tata Communications, said: “Q4 has been a strong quarter with our digital portfolio continuing to drive data growth. Our balance sheet strengthened further, with net debt-to-EBITDA improving to below 2x. This quarter, we had some interesting deal wins around network transformation, multi-cloud connectivity and employee interaction capabilities for enabling GCCs. These reflect the inherent strength of Tata Communications’ ability to serve global enterprises through a unified, scalable digital infrastructure for the AI era. This, along with our benchmark NPS scores positions us as truly global Communications Technology player in the making.”

Result PDF

Electrical Equipment & Products company Havells India announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Revenue from operations: Rs 6,705.2 crore against Rs 6,543.56 crore during Q4FY25, change 2%.
  • PBT: Rs 917.61 crore against Rs 700.89 crore during Q4FY25, change 31%.
  • PAT: Rs 723.39 crore against Rs 517 crore during Q4FY25, change 40%.
  • EPS: Rs 11.52 for Q4FY26.

FY26 Financial Highlights:

  • Revenue from operations: Rs 22,527.77 crore against Rs 21,778.06 crore during FY25, change 3%.
  • PBT: Rs 2,209.57 crore against Rs 1,990.49 crore during FY25, change 11%.
  • PAT: Rs 1,689.25 crore against Rs 1,470.24 crore during FY25, change 15%.
  • EPS: Rs 26.95 for FY26.

Result PDF

Packaged Foods company Nestle India announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Total sales and domestic sales for the quarter increased by 23.4% and 23.1%,
  • Domestic sales crossed Rs 6,445 crore.
  • EBITDA margin stood at 26.3%

FY26 Financial Highlights:

  • Total Sales of Rs 23,071.5 crore.
  • EBITDA at 23.0% of Sales.
  • Net Profit of Rs 3,544.6 crore.
  • Robust Cash Generated from Operations at Rs 5,047.6 crore.
  • Earnings Per Share of Rs 18.38.
  • Final Dividend recommended Rs 5.00 per equity share.

Manish Tiwary, Chairman & Managing Director, Nestle India, stated: “I am pleased to share that this quarter, Nestle India delivered high double-digit growth and recorded its highest-ever domestic sales, at Rs 6,445 crore. This performance was powered by double-digit volume growth, driven by over 50% increase in advertising spends, whilst delivering a healthy EBITDA margin of 26.3%.

Total sales and domestic sales for the quarter increased by 23.4% and 23.1%, respectively. Encouragingly, all product groups contributed to this performance. I extend my sincere appreciation to our colleagues for their steadfast teamwork and shared sense of purpose, as we continued to serve consumers amidst a demanding external environment. Penetration and premiumization, combined with disciplined resource allocation and strong execution, have been key in driving growth.

During the financial year ended 31st March 2026, we remained focused on the fundamentals and executed with resilience, delivering double-digit, volume-led growth alongside strong market share gains. Over the last five years, our power brands MAGGI noodles consistently maintained its leadership position in the market, while KITKAT and NESCAFE have accelerated their market share growth.

We progressed on our structural cost-efficiency agenda and delivered our highest-ever operational cost savings, which enabled higher reinvestments behind brands, accelerated digital, tech-enabled capabilities across sales and operations. We maintained tight discipline on profitability and cash generation and continued to upgrade and expand capacity prudently to meet growing consumer and customer demand and support future growth. Technology was leveraged to eliminate costs that did not add value to consumer and customers. These structural cost savings created headroom to channel those savings back into brand investment, higher advertising, consumer facing activation, stronger penetration and distribution.

Confectionery product group grew at a high double-digit pace in both value and volume underpinned by strong underlying transaction growth across our powerhouse brands. Increased distribution, enhanced freshness through the visicooler programme and a slew of innovations helped sustain this momentum.

The Powdered and Liquid Beverages product group achieved another year of high double-digit growth, driven by increased coffee penetration, accelerated premiumization, and deeper category relevance across consumer segments, supported by strong brand equity and an expanded footprint.

Prepared Dishes and Cooking Aids product group posted strong volume-driven growth, fuelled by engaging urban consumers and expanding rural reach, leading to gains in both market share and penetration.

Milk Products and Nutrition product group showed resilience, delivering steady growth. We expanded portfolio accessibility and value by introducing new and larger pack sizes across to support consumer needs.

The Pet food business reported high double-digit growth, driven by a strong innovation pipeline to expand penetration and trials, wider distribution and a sharper focus on building deeper bonds between pets and pet parents.

NESPRESSO continued its growth path with the opening of the second boutique in India in Gurugram that has resonated well with coffee connoisseurs.

I am pleased to report that all our business channels recorded strong double-digit growth.

Nestle Professional (Out-of-Home) delivered sustained, penetration-led, volume-driven growth, reinforcing its position as one of Nestle India’s fastest-growing businesses.

We continued to execute an omni-channel strategy aligned to the evolving retail ecosystem, scaling e-commerce and quick commerce, strengthening modern trade and chain pharmacy, and sustaining growth through general trade across semi-urban and rural markets. Priorities remained focused on improving in-stock availability, reducing lead times and enhancing execution consistency through sharper channel-wise assortment and pack roles, closer partner collaboration and technology-enabled replenishment.

In rural markets, we strengthened our route-to-market and accelerated reach expansion through a focused approach anchored on Infrastructure, Product Portfolio, Technology, Visibility, Consumer Communication and People. This integrated approach delivered a strong scale-up in total reach across geographies, supporting the highest reach increase among industry peers, driven primarily by rural markets — expanding our presence to ~216,000 villages and sharpening the focus from adding outlets to improving the effectiveness of coverage and execution quality.

As we look forward, we will focus on four key priorities:

  • Consumer centricity.
  • Penetration-led volume growth.
  • Reinvestment behind brands and capacity.
  • Accelerating tech-led sales and operations.

At the heart of delivering these priorities are our people—creating an environment where they are empowered to act fast, stay focused and remain flexible, and where bolder, bigger and better innovations can thrive. We are strengthening capabilities to leverage technology, shift time to higher-value work and deliver greater impact. Our people remain central to the business, bringing creativity and judgement to serve consumers and customers.

True to our commitment to making a meaningful impact, we continue to advance our societal initiatives through strengthening rural development, education and livelihood enhancement, scaling feeding programmes, and improving water and sanitation. During one of my visits to Nuh district in Haryana, I met Payal, a 12-year-old student in Class 8 at our village adoption programme. She spoke about her ambition to become an IPS officer. Moments like these reaffirm my faith in the immense possibilities that India holds. They also remind us why initiatives such as village adoption matter, because they help create the conditions for young people like Payal to dream bigger and go further.

Guided by our purpose, we create shared value by consistently serving consumers responsibly. Across Nestle India, our teams continue to advance the Good for Planet roadmap through robust governance and rigorous execution—advancing responsible sourcing, resource-efficient factories and strengthening water stewardship across our operations.

I extend my gratitude to Nestle India’s Board members for their guidance and support. Our consumers, customers, suppliers, distributors and retailers for their continued partnership. Our shareholders for their trust and confidence. We remain committed to delivering sustainable, long-term value and staying future-ready."

Result PDF

Travel Support Services company Indian Railway Catering & Tourism Corporation announced Q3FY26 results

  • Revenue from operations: Rs 1,44,947.25 lakh against Rs 1,22,465.59 lakh during Q3FY25, change 18%.
  • PBT: Rs 52,920.32 lakh against Rs 45,655.04 lakh during Q3FY25, change 16%.
  • PAT: Rs 39,573.04 lakh against Rs 34,258.54 lakh during Q3FY25, change 16%.
  • EPS: Rs 4.93 for Q3FY26.

Result PDF

Hotels company Indian Hotels Company announced Q3FY26 results

  • Revenue: Rs 2,900 crore for Q3FY26, change 12%.
  • EBITDA: Rs 1,134 crore for Q3FY26, change 11%.
  • EBITDA Margin: 39.1% for Q3FY26.
  • PAT: Rs 903 crore for Q3FY26, change 55%.

Puneet Chhatwal, Managing Director & CEO, IHCL, said: “Q3FY26 marks fifteenth consecutive quarter of record performance with a Consolidated revenue of Rs 2,900 crore, a 12% growth over the previous year, EBITDA of 1,134 crore and an EBITDA margin of 39.1%. The revenue in the quarter was driven by a strong same store performance, not like for like growth, supported by a 17% growth in airline and institutional catering and 31% growth in New Businesses. The hotel segment reported a revenue of Rs 2,579 crore resulting in the best ever quarterly EBITDA of Rs 1,050 crore.”

“IHCL continued its growth momentum in FY2026 with 239 signings to reach a portfolio of 617 hotels and opened and onboarded 120 hotels, led by strategic partnerships and acquisitions. Under Accelerate 2030, IHCL expanded its brandscape with the acquisition of controlling stake in Atmantan, an integrated wellness brand and entered into definitive agreements to acquire 51% stake in Brij, a boutique experiential leisure offering and scaled the Ginger brand with 51% acquisition in ANK & Pride Hospitality. IHCL Consolidated continues to maintain a healthy balance sheet with a gross cash balance of Rs 3,877 crore as on 31st December 2025. IHCL is well placed to deliver sustained performance enabled by a diversified topline across brands, geographies and contract types.”

Ankur Dalwani, Executive Vice President & Chief Financial Officer, IHCL said: “For Q3FY26, IHCL Standalone reported a revenue of Rs 1,654 crore, clocking a strong EBITDA margin of 48.2%, an expansion of 40 basis points and a PAT of Rs 921 crore post Exceptional Items.”

“During the nine months ending December 2025, IHCL Consolidated generated cash of about Rs 1,600 crore and undertook capital expenditure to the tune of Rs 750 crore towards greenfield projects at Ekta Nagar, Taj Frankfurt, brownfield expansion at Taj Ganges Varanasi and the upcoming Taj Bandstand project along with renovations to key hotels such as Taj Palace Delhi, Taj Fort Aguada Goa, President Mumbai and St James Court London among others.”

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