**Market Brief: Nestle India Q3 Earnings & Dividend** **Date:** January 31, 2026 **Headline Numbers** Nestle India has reported a stellar performance for the quarter ended December 31, 2025 (Q3 FY26), posting a **46% year-on-year surge in net profit** to approximately **₹1,018 crore**. Revenue from operations climbed **18.5%** to **₹5,667 crore**, driven by the company's strongest volume growth in nearly five years. **Dividend Declaration** The Board of Directors announced an interim dividend of **₹7 per equity share** for the financial year 2025-26. * **Record Date:** February 6, 2026 * **Payout Date:** From February 26, 2026 **Key Growth Drivers** * **Volume Surge:** All four major product groups (Confectionery, Beverages, Prepared Dishes, Milk Products) delivered positive volume-led growth. * **Strategic Investments:** A **42% increase** in consumer-facing media and advertising spending boosted brand visibility. * **Channel Momentum:** Rapid expansion seen in Quick Commerce and rural markets, alongside double-digit growth in the Out-of-Home segment. * **Operational Efficiency:** EBITDA margins remained resilient at **21.3%** despite higher marketing outlays. **Market Reaction** Following the announcement on Friday, January 30, Nestle India shares surged over **3.4%** to close at **₹1,332.40** on the NSE, outperforming the broader sector. The stock hit an intraday high near its 52-week peak, reflecting strong investor sentiment. **Commodity & Cost Outlook** * **Coffee:** Prices have stabilized at lower levels compared to last year due to favorable yields. * **Milk & Oils:** Milk prices remain firm due to robust demand, while edible oil prices are expected to stay elevated through the first half of 2026. *