Q2 Results Live Updates: Wipro, Tech Mahindra, Nestle India among companies set to announce earnings today

Business News›Markets›Stocks›Live Blog›Q2 Results Live Updates: Nestle Q2 profit jumps over 36% YoY to Rs 1,027 crore, revenue rises 20% YoY

Nestle Q2 results live updates

Q2 Results Today Live: Nestle India announces positive September quarter earnings, reporting a 36% YoY surge in its Q2 profit to Rs 1,027 crore, along with a 20% YoY jump in its revenue to Rs 6,788 crore.

FMCG major Nestle reports a 36% year-on-year jump in its Q2 profit Rs 1,027 crore, from Rs 753 crore in the corresponding quarter last year. The Q2 revenue rises 20% YoY to Rs 6,788 crore.

Companies set to announce their quarterly earnings include Wipro, Tech Mahindra, Jio Financial Services, Polycab India, HDFC Life Insurance, Indian Bank, IRFC, HDFC Asset Management Company, Persistent Systems, L&T Finance, Tata Communications, 360 ONE WAM, Karur Vysya Bank, UCO Bank, Angel One, IIFL Finance, Metro Brands, CCL Products India, South Indian Bank, Sri Lotus Developers and Realty, Tips Music, Cyient DLM, Fedbank Financial Services, Alok Industries, and Sterling and Wilson Renewable Energy.

1 New Update

• Total Sales of INR 6,782.2 crore
• Total Sales Growth at 20.5%, Domestic Sales Growth at 20.4%
• EBITDA margin of 23.8%
• Profit After Tax stood at INR 1,026.8 crore, up 36.3% over the corresponding quarter
• Earnings Per Share of INR 5.32

Building on the success of NestMitrafor retailers, the company is now putting data-enabled digital tools directly into the hands of our sales teams,enabling faster decisions and sharper market execution. The sales officer app equips hundreds of salesofficers with near real-time market insights, helping them identify opportunities and improve engagement.

Prepared Dishes and Cooking Aids product group delivered strong growth. Maggi noodles continuedto expand through rural penetration, while Maggi Masala-ae-Magic continued to focus on drivinghousehold penetration by unlocking regional top dish usage across the country.

Confectionery product group recorded another strong quarter of volume led double-digit growth, drivenby continued market share gains in Kitkat and sustained momentum across Munch andMilkybar.

Pet Food business delivered strong double-digit growth, supported by sharper consumer engagement ondigital platforms and focused route to market. We continued to strengthen our presence in the cat food.

• E-commerce growth was driven by continued momentum in quick commerce, supported by better product availability, channel-specific assortments and pack sizes, stronger digital shelf execution and targeted shopper engagement.
• Organised trade also recorded strong growth across key categories, aided by better in-store execution, consumer activations, improved shelf visibility and continued expansion of the store network.
• The out-of-home business grew on the back of customer retention and acquisition, innovation and premiumisation.
• Exports sustained strong double-digit growth, driven by portfolio expansion and market development.

Estimate WPRO to report -0.5% cc QoQ growth. -10bps cross-currency impact translates to -0.6% USD growth.
• Inorganic contribution of ~80bps is expected in the quarter from Mindsprint (40bps) and Alphanet (40bps).
• We expect gradual improvement in margin given wage hikes are behind. Tailwinds – operational efficiencies. Headwind –
investments in business, acquisitions.
• We expect TCV to be in line with that in the past quarters and expect cc guidance for Q3FY27 at -1.5% to +0.5%.

investments in business, acquisitions.

According to Nestle, coffee and wheat are expected to remain range-bound, while sugar and edible oils have stabilized at elevated levels. Cocoa remains volatile due to weather-driven crop concerns in key origins. Milk prices have strengthened seasonally but should ease as flush supplies arrive.

"We remain focused on navigating these external challenges through continuous innovation and renovation, sustained investments behind our brands, and an intensified focus on productivity and operational efficiencies to mitigate commodity cost pressures,” the company said.

Growth was driven by robust, double digit volume growth, says the Nestle CMD.

The Nestle CMD said that the company saw doubles digit volume growth in this quarter, highlighting the strong and broad based growth across all products.

Nestle falls over 6% to Rs 1,302.55 on the BSE after the company reported a 36% year-on-year jump in its Q2 standalone profit to Rs 1,027 crore.

Price as on 12.33.09 PM, Click on company names for their live prices.

• Profit at Rs 1,027 crore vs Rs 753 crore, up 36.4% YoY
• Revenue at Rs 6,788 crore vs Rs 5,644 crore, up 20% YoY

Nestle India is expected to report another strong quarter, with revenue growth of around 20%, driven by healthy volume growth and sustained demand across key categories. Confectionery and beverages are likely to lead the performance, supported by premiumisation and expanding quick-commerce channels. Cost efficiencies and operating leverage are expected to support margin expansion despite inflationary pressures on input costs. Investors will track urban and rural demand trends, raw material prices and competitive intensity.

Jefferies expects Wipro to guide for organic revenue growth of -1.5% to 0.5% in the December quarter, as large deal ramp-ups provide some support. JM Financial also projects Q3 constant-currency revenue growth guidance in the range of -1.5% to 0.5%.

The Street’s biggest focus will be Wipro’s guidance for the December quarter, which is usually seasonally weak due to furloughs. Most brokerages expect weak guidance for Q3. Investors will closely track Wipro’s guidance for the December quarter, which is typically seasonally weak due

Margins are expected to improve sequentially, supported by operational efficiencies, favourable currency movements and the reversal of wage-hike-related costs. However, analysts expect the recovery to remain modest as Wipro continues to invest in AI-native businesses and platforms, while managing the costs associated with large deal transitions.

Brokerages expect Wipro’s IT services revenue to decline by 0.5% to 1.4% sequentially in constant currency terms, despite contributions from acquisitions such as Mindsprint and AlphaNet.

Wipro is likely to report subdued earnings growth for the September quarter, with investors expected to focus on its December-quarter outlook, the pace of deal ramp-ups and the impact of AI-led disruption on revenue growth. The IT services major is estimated to post around 9% year-on-year (YoY) revenue growth and a 2% increase in profit, based on the average estimates of seven brokerages.