2/2/2026, 4:18:01 pm

Motilal Oswal assigns Rs 1400 target to Nestle India

Nestle India reported 18.5% YoY revenue growth in 3QFY26 (11% two-year CAGR), exceeding expectations. Domestic revenue grew 18.3% YoY, driven by volume growth, with exports increasing 23% YoY. The report maintains a Neutral rating with a revised target price of INR1,400, citing an expensive valuation.