Transcript of analyst and institutional investors meet (virtual) held on 4th August 2026

AI summary - Nestlé India reported accelerating volume-led growth with double-digit volume increases in recent quarters - Household penetration remains mid-50s%, indicating significant headroom for growth across key brands MAGGI, NESCAFÉ, KITKAT - Premium portfolio contribution increased from 11% to 14%, growing 500 bps faster than overall growth - Strong focus on technology and cost optimization to support growth and margin maintenance - FY26 saw 20 consecutive quarters of double-digit growth for NESCAFÉ; confectionery and nutrition segments also showing healthy growth - Capital expenditure over last 5 years exceeded Rs 64bn, supporting capacity expansions - Management confident in sustainable long-term growth driven by penetration, premiumization, innovation, and digital channel expansion - Margin outlook stable with efficiency programs offsetting inflationary pressures - No immediate plans for M&A; focus remains on organic growth leveraging strong parent portfolio - E-commerce and q-commerce channels growing rapidly, with Nestlé maintaining high supply reliability and market share gains