Nestlé India reports strong Q3 2025-26 results with 18.5% sales growth and record turnover. The Board approved the appointment of Edouard Dominique Jean Mac Nab as Executive Director – Finance & Control and the appointment of Jagdeep Singh Marahar as Executive Director – Technical, signaling strategic leadership moves. These changes aim to bolster company performance and ensure smooth operational transitions. Nestlé is investing in green energy with planned investments of up to 26% in special purpose vehicles.
Financial Performance
Nestlé India announced robust results for Q3 2025-26, featuring 18.5% sales growth. Quarterly turnover reached a record INR 5,643.5 crore. The company cites strategic investments and brand building as key drivers. Media and advertising spending increased by 42% year-on-year. EBITDA margin stood at 21.3%.
Leadership Appointments
The Board approved key leadership changes effective March 1, 2026. Mr. Edouard Dominique Jean Mac Nab has been appointed as an Additional Director and Whole-time Director, designated as “Executive Director – Finance & Control and Chief Financial Officer”. He succeeds Ms. Svetlana Boldina. The Board also approved seeking members’ approval for the appointment of Mr. Edouard Mac Nab as a Whole-time Director via postal ballot.
Additionally, Mr. Jagdeep Singh Marahar was approved for appointment as Executive Director – Technical via postal ballot, effective June 1, 2026, succeeding Mr. Satish Srinivasan. Mr. Marahar will be Head of Technical from May 1, 2026. The Board has also approved seeking members’ approval for the appointment of Mr. Jagdeep Singh Marahar as a Whole-time Director via postal ballot.
Additional Director Appointment
The Board approved seeking members’ approval for the appointment of Mr. Mandeep Singh Chhatwal as a Non-Executive Director from January 1, 2026, via postal ballot.
Investment in Green Energy
Nestlé India plans investments in two special purpose vehicles (SPVs) for renewable energy, partnering with M/s. Adani Green Energy Limited and M/s. Radiance Renewables Private Limited. The company will invest up to 26% in the capital of the SPVs and consume at least 51% of the annual power generated by each SPV.
Interim Dividend
An interim dividend of Rs. 7/- per equity share has been declared for the financial year 2025-26, payable from February 26, 2026.
Source: BSE
