Nestle India shares reached a record high of ₹1,441.30.
The stock rallied 22% over the past month after quarterly results exceeded analyst expectations across all key metrics. This performance outpaced both the broader market and the Nifty FMCG index.
Recovering sales volumes and lower costs for coffee and cocoa drove the growth. Strategic focus on premium products and disciplined cost management expanded profit margins.
Multiple brokerages raised their target prices for the stock following the report.