InCred sets INR 1,375 target for Nestle India stock

Published on 10/22/2026 at 09:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

InCred set an INR 1,375 target on October 19, 2026. Nestle India stock posted 20.3 percent revenue growth in the second quarter.

Growth and valuation signals

InCred cut its target to INR 1,375 on October 19, 2026.
Nestle India reported 20.3 percent revenue growth in the second quarter of FY27.
Nestle India stock was trading at INR 1,185.50 on October 22, 2026.

Nestle India stock, packaged foods, analyst target, quarterly results, NSE, Illustration mit AI erstellt.

Nestle India reported revenue of INR 67.88 billion and consolidated net income of INR 10.10 billion for the second quarter of fiscal year 2027, according to the company's Nestle India release dated October 15, 2026. On October 19, 2026, Fortune India reported that InCred cut its target from INR 1,560 to INR 1,375 while retaining a Hold rating. The earnings were strong, but the valuation debate became sharper.

Results show broad-based growth

The official second-quarter release said total sales reached INR 67.82 billion, up 20.5 percent year over year, while profit after tax rose 36.3 percent to INR 10.27 billion. The EBITDA margin was 23.8 percent, and advertising and marketing spending increased 46 percent as the company invested behind its brands.

The latest quarter extended a sequence of sizeable operating improvements. On July 22, 2026, Nestle India reported 25.4 percent sales growth and 47.9 percent profit growth for the first quarter of fiscal year 2027, according to TradingView. On October 15, 2026, the company reported second-quarter revenue growth of 20.3 percent and net income growth of 35.9 percent in the consolidated figures.

What does INR 1,375 mean?

Nestle India stock was trading at INR 1,185.50 on NSE on October 22, 2026 at 9:00 a.m. CEST. InCred's INR 1,375 target is 15.99 percent above that price, while Moneycontrol reported on October 16, 2026 that Motilal Oswal retained a Neutral rating with an INR 1,350 target.

Three dates changed the picture

On July 22, 2026, the first-quarter figures showed INR 63.78 billion of revenue. On October 15, 2026, the second-quarter release showed INR 67.88 billion of revenue. On October 19, 2026, InCred lowered its target to INR 1,375, placing the next growth phase against a higher comparison base and ongoing input-cost risks.

Stock valuation stays central

The combination of 20.3 percent quarterly revenue growth and a 23.8 percent EBITDA margin supports the operating case. InCred's lower target points to a separate concern: sustaining growth and margins as food inflation, advertising costs and commodity volatility remain relevant to the outlook.

Market value and trading level

Nestle India had a market capitalization of INR 2.3 trillion as of October 22, 2026, with a 52-week range of INR 1,084.70 to INR 1,553.00. The stock's current level therefore sits above its yearly low while remaining below the upper end of that range.