Nestle India Q2 Results: Here’s what the management said on input costs going forward

Nestle India Ltd. reported volume growth in high-single digits during the September quarter, well above the CNBC-TV18 poll expectation of growth between 1% to 2%.

The company’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) margin for the quarter stood at 21.9% from 22.8% during the same quarter last year. A CNBC-TV18 poll had pegged the figure to be 22.1%.

Here’s what the company’s management stated on the various input cost trends going forward:

• Milk prices are expected to soften after the festive season, coinciding with the onset of the flush season
• Coffee prices are anticipated to stabilize and may decrease as the upcoming crops in Vietnam and India appear to be normal
• Global supply and demand for cocoa are projected to balance, primarily due to a concern in demand in the last two years
• Edible oil prices are expected to remain firm and may rise further due to a tight supply and demand at the global level.

The management also said that the e-commerce business continued to maintain its growth momentum led by festive unlocks, thematic interventions and new product launches such as the KITKAT Delights range and MAGGI double masala.

“This momentum was further strengthened by a sharpened focus on ensuring availability and strategic partnerships with key platforms, specially in e-commerce,” the company said in its post-earnings statement.

Shares of Nestle India are trading 3.2% higher at ₹1,261 after the earnings announcement. The stock is up 17% so far in 2025.