Nestlé India reported a record quarterly turnover driven by strong volume growth. The Board approved key leadership appointments, including Edouard Dominique Jean Mac Nab as Executive Director – Finance & Control and Jagdeep Singh Marahar as Executive Director – Technical. The company also declared an interim dividend of ₹7 per share and plans investments in renewable energy via special purpose vehicles. Volume growth reached its strongest level in nearly five years.
Financial Performance
Nestlé India achieved its highest-ever quarterly turnover, driven by a robust, broad-based volume-led sales growth of 18.5%. This resulted in a turnover of INR 5,643.5 crore for the third quarter (October-December) of the financial year 2025-26. The company attributes this success to strategic investments and a market recovery following GST benefits. During the quarter, consumer-focused media and advertising spending increased by 42% year-on-year.
An interim dividend of ₹7 (Rupees seven only) per equity share was declared, payable on and from February 26, 2026.
Leadership Appointments
The Board approved the appointment of Mr. Edouard Dominique Jean Mac Nab as an Additional Director and Whole-time Director, designated as Executive Director – Finance & Control and Chief Financial Officer, effective March 1, 2026. He succeeds Ms. Svetlana Boldina, who will transition to a new role within a Nestlé affiliate.
Mr. Jagdeep Singh Marahar was appointed as a Whole-time Director, designated as Executive Director – Technical, effective June 1, 2026, succeeding Mr. Satish Srinivasan. Mr. Marahar will also serve as Head of Technical starting May 1, 2026, to ensure a seamless transition.
The board also approved seeking members’ approval for the appointment of Mr. Mandeep Singh Chhatwal as a Non-Executive Director, effective January 1, 2026.
Strategic Investments
The Board has given in-principle approval for investments in two special purpose vehicles (SPVs) to establish captive renewable energy power plants. Nestlé India will invest up to 26% in the capital of the SPVs and consume at least 51% of the annual generated power by each SPV, securing green energy for its manufacturing facilities.
Source: BSE
