Nestlé India reported strong sales growth of 18.5%, marking its highest-ever quarterly turnover at INR 5,643.5 crore. The Board approved leadership changes, including the appointment of Edouard Dominique Jean Mac Nab as Executive Director for Finance & Control and approved seeking member approval for the appointment of Jagdeep Singh Marahar as Executive Director – Technical. The company also approved investments in renewable energy SPVs.
Financial Performance Highlights
Nestlé India announced an 18.5% increase in sales, achieving a record quarterly turnover of INR 5,643.5 crore. This growth was driven by strong volume increases and strategic investments. The company’s EBITDA margin stood at 21.3%.
Interim Dividend Declared
The Board declared an interim dividend of ₹7 per equity share for the financial year 2025-26, payable from February 26, 2026.
Leadership Appointments
Edouard Dominique Jean Mac Nab was appointed as an Additional Director and Executive Director, designated as “Executive Director – Finance & Control and Chief Financial Officer”, effective March 1, 2026. He succeeds Svetlana Boldina, who will take up a new assignment with a Nestlé affiliate. The board has approved seeking member approval for the appointment of Jagdeep Singh Marahar as Executive Director – Technical, effective June 1, 2026, succeeding Satish Srinivasan.
Renewable Energy Investments
The Board approved investments in two special purpose vehicles (SPVs) with M/s. Adani Green Energy Limited and M/s. Radiance Renewables Private Limited 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.
Additional Director Appointment
The company will seek member approval for the appointment of Mr. Mandeep Singh Chhatwal as a Non-Executive Director, effective January 1, 2026.
Source: BSE
