Nestle India stock: InCred cuts target for Nestle India stock to INR 1,375

Published on 10/20/2026 at 15:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 20.28 percent to INR 67.88 billion. Nestle India stock was INR 1,242.70 on October 19, 2026, down 1.80 percent versus NSE close.

Target cut and price context

InCred cut its Nestle India target to INR 1,375 from INR 1,560 on October 19, 2026.
July-September revenue rose 20.28 percent year over year to INR 67.88 billion.
Nestle India stock closed at INR 1,242.70 on October 19, 2026, down 1.80 percent versus the prior NSE close.
The price-to-earnings ratio was 58.77 on October 19, 2026.

Nestle India stock, packaged foods, analyst target, InCred, NSE, NIFTY 50, Illustration mit AI erstellt.

Nestle India stock faced a lower analyst target as InCred cut its view to INR 1,375 from INR 1,560 on October 19, 2026. The revised target stood 10.65 percent above the NSE closing price of INR 1,242.70 on October 19, 2026 at 4:00 p.m. IST.

Revenue sets the second marker

Nestle India delivered strong reported growth in the July-September quarter of fiscal year 2027. Business Standard reported that revenue from products rose 20.45 percent year over year to INR 67.82 billion, converted from INR 6,782.17 crore. Consolidated net profit increased 36.32 percent to INR 10.27 billion, converted from INR 1,026.77 crore.

Price sits below yearly high

The October 19 NSE close of INR 1,242.70 was 19.97 percent below the 52-week high of INR 1,553.00 and 7.19 percent above the 52-week low of INR 1,159.40. The stock's year-to-date performance was minus 3.32 percent, while traded volume reached 1,186,969 shares on October 19, 2026.

What does the target imply?

InCred's revised target reflects a more cautious earnings path after the September quarter. Fortune India said the brokerage cited a tougher growth base, limited scope for margin expansion and regulatory scrutiny. Its analysis put second-quarter standalone revenue at INR 67.88 billion, up 20.30 percent, and net profit at INR 10.27 billion, up 36.30 percent.

Comparison with peers

Nestle India: down 1.80 percent, price-to-earnings ratio 58.77, market capitalization INR 2.4 trillion on October 19, 2026.

Britannia Industries: down 1.24 percent, price-to-earnings ratio 43.42, market capitalization INR 1.1 trillion on October 19, 2026.

Zydus Wellness: up 0.63 percent, price-to-earnings ratio 69.34, market capitalization INR 164.2 billion on October 19, 2026.

Target and price in context

The target revision leaves Nestle India above its October 19 close but below the 52-week high. The valuation remains elevated relative to Britannia Industries, while the latest quarterly figures provide a quantified operating backdrop for the revised analyst view.