Nomura sets INR 1,675 target for Nestle India stock

Published on 10/12/2026 at 09:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit INR 63.63 billion in fiscal 2027's first quarter, with INR 9.59 billion net income. Nomura covers Nestle India stock before October 15 results.

Key points in brief

Nomura assigned Nestle India a INR 1,675 target and Buy call on October 1, 2026.
Nestle India reported INR 63.63 billion revenue and INR 9.59 billion net income in the first quarter of fiscal 2027.
The company faces three FSSAI adjudication cases while quarterly results are scheduled for October 15, 2026.
Nestle India had a market capitalization of INR 2.5 trillion as of October 12, 2026.

Nestle India, FMCG, consumer food, analyst target, FSSAI, NSE, NIFTY 50, Illustration mit AI erstellt.

Nomura assigned Nestle India a Buy call and an INR 1,675 target on October 1, 2026, according to Economic Times. The target came with an expectation of 17.00 percent mix growth and 23.00 percent sales growth before a higher comparison base from the third quarter.

Three dated events shape the stock

On August 27, 2026, Nestle India announced a 26.00 percent equity stake in Radiance KA Sunshine Seven Private Limited for a captive renewable energy project, as reported by StockFin.ai.

On September 9, 2026, a GST appeal reduced the company tax liability to INR 13.0 million and the penalty to INR 1.30 million. On September 18, 2026, FSSAI filed three adjudication cases over infant nutrition products, while Reuters reported that Nestle India said its products were fully compliant.

What does the next quarter mean?

Nestle India reported INR 63.63 billion revenue and INR 9.59 billion net income in the first quarter of fiscal 2027. Operating margin stood at 21.20 percent, while revenue was 5.50 percent lower than the previous quarter, according to StockFin.ai.

Results arrive October 15

Quarterly results for the period ended September 30, 2026 are scheduled for October 15, 2026, according to Upstox. The market capitalization was INR 2.5 trillion as of October 12, 2026, and the 52-week NSE range was INR 1,159.40 to INR 1,553.00.