<p>雀巢印度的股票在周五开盘交易中上涨了最多 2.5%，延续了昨日的涨幅，此前这家快速消费品巨头的 2026 财年第二季度业绩在销售和盈利方面均超出预期。包括中信证券、摩根士丹利和汇丰在内的券商承认公司的强劲销量驱动增长，但对利润率和估值的前景看法不一。</p>
<p>截至上午 9:25，雀巢印度的股票在国家证券交易所的交易价格为 1,289 卢比，比前一交易日上涨了 1%。该股票在周四的收盘价上涨了 3.5%，在业绩发布后，其年初至今的涨幅超过了 17%。雀巢印度第二季度业绩：尽管利润下降，销售势头依然稳定。</p>
<p>雀巢印度的单独净利润同比下降 23.6%，降至 753.2 亿卢比，尽管仍高于市场普遍预期。运营收入增长 10.6%，达到 5,643.6 亿卢比，主要得益于广泛的国内需求。国内销售增长 10.8%，达到 5,411 亿卢比，创下公司历史最高季度数字。增长得益于主要品牌的强劲表现——Maggi、KitKat 和 Nescafe 均实现了两位数的销量增长。息税折旧摊销前利润（EBITDA）利润率占销售额的 22%，管理层指出成本通胀正在减缓，消费者需求依然强劲。券商对雀巢印度的股票估值和利润率看法不一。</p>
<ul>
<li>中信证券表示，公司在销售和盈利方面均 “超出预期”，并指出在挑战性市场条件下，国内销量驱动的强劲增长和好于预期的利润。</li>
<li>摩根士丹利在注意到盈利超预期的同时，对雀巢印度的股票给予了减持评级，目标价为每股 1,010 卢比。它指出，毛利率同比下降 216 个基点至 54.2%，而 EBITDA 利润率下降 124 个基点至 21.1%。该券商表示，管理层预计牛奶价格将趋于平稳，咖啡价格将稳定，尽管食用油可能仍将保持通胀状态。</li>
<li>汇丰则给予持有评级，目标价为每股 1,260 卢比。它将本季度描述为 “强劲，尽管受到干扰，收入同比增长 11%。” 它指出，四个产品细分中有三个实现了两位数的销量增长，其中 Maggi 表现尤为突出，并补充说成本通胀压力正在减轻。</li>
</ul>
<p>免责声明：Moneycontrol.com 上的投资专家所表达的观点和投资建议仅代表他们个人的看法，并不代表该网站或其管理层的观点。Moneycontrol.com 建议用户在做出任何投资决策之前咨询认证专家。</p>

雀巢(ADR)

雀巢

<p>雀巢印度的股票在 2026 财年第二季度业绩超出预期后上涨了 2.5%，尽管利润下降了 23.6% 至 753.2 亿卢比，但收入增长了 10.6%，达到了 5643.6 亿卢比。像 CLSA 这样的券商赞扬了强劲的销量增长，而摩根士丹利则给予了减持评级，指出了利润率压力。汇丰维持了持有评级，强调了主要品牌的强劲表现。该股票的交易价格为 1289 卢比，使其年初至今的涨幅超过 17%</p>

<p>Nestle India shares rose as much 2.5 percent in the opening trade on Friday, extending yesterday's gain, after the FMCG major’s Q2 FY26 results surpassed expectations on both sales and profitability. Brokerages including CLSA, Morgan Stanley, and HSBC acknowledged the company’s strong volume-led growth but differed in their outlook on margins and valuations.</p>
<div class="lb-trans"><p>雀巢印度的股票在周五开盘交易中上涨了最多 2.5%，延续了昨日的涨幅，此前这家快速消费品巨头的 2026 财年第二季度业绩在销售和盈利方面均超出预期。包括中信证券、摩根士丹利和汇丰在内的券商承认公司的强劲销量驱动增长，但对利润率和估值的前景看法不一。</p>
</div><p>Nestle India stock was trading at Rs 1,289 on NSE at 9:25 am, up 1 percent from the previous close. The stock had closed 3.5 percent higher on Thursday following the results, extending its year-to-date gain to over 17 percent. Nestle India Q2 results: steady sales momentum despite profit decline</p>
<div class="lb-trans"><p>截至上午 9:25，雀巢印度的股票在国家证券交易所的交易价格为 1,289 卢比，比前一交易日上涨了 1%。该股票在周四的收盘价上涨了 3.5%，在业绩发布后，其年初至今的涨幅超过了 17%。雀巢印度第二季度业绩：尽管利润下降，销售势头依然稳定。</p>
</div><p>Nestle India’s standalone net profit fell 23.6 percent year-on-year to Rs 753.2 crore, though still ahead of consensus estimates. Revenue from operations climbed 10.6 percent to Rs 5,643.6 crore, led by broad-based domestic demand. Domestic sales rose 10.8 percent to Rs 5,411 crore, the company’s highest-ever quarterly figure.The growth was powered by robust performances across key brands -- Maggi, KitKat, and Nescafe -- all posting double-digit volume gains. EBITDA margin stood at 22 percent of sales, while management noted that cost inflation was moderating and consumer demand remained firm.Brokerages divided on Nestle India stock valuation and margins</p>
<div class="lb-trans"><p>雀巢印度的单独净利润同比下降 23.6%，降至 753.2 亿卢比，尽管仍高于市场普遍预期。运营收入增长 10.6%，达到 5,643.6 亿卢比，主要得益于广泛的国内需求。国内销售增长 10.8%，达到 5,411 亿卢比，创下公司历史最高季度数字。增长得益于主要品牌的强劲表现——Maggi、KitKat 和 Nescafe 均实现了两位数的销量增长。息税折旧摊销前利润（EBITDA）利润率占销售额的 22%，管理层指出成本通胀正在减缓，消费者需求依然强劲。券商对雀巢印度的股票估值和利润率看法不一。</p>
</div><ul>
<li>CLSA said the company “beat estimates on both sales and profitability,” citing strong volume-driven domestic growth and better-than-expected profit in challenging market conditions.</li>
<li>Morgan Stanley, while noting the earnings beat, shared an underweight call on Nestle India stock with a target price of Rs 1,010 per share. It pointed out that the gross margin fell 216 basis points year-on-year to 54.2 percent and EBITDA margin declined 124 basis points to 21.1 percent. The brokerage said management expects milk prices to soften and coffee prices to stabilise, though edible oil may remain inflationary.</li>
<li>HSBC has a hold rating with a target price of Rs 1,260 per share. It described the quarter as “strong with 11 percent year-on-year revenue growth in a disrupted quarter.” It noted that three of four product segments posted double-digit, volume-led growth, with Maggi being the standout surprise, and added that cost inflation pressures are easing.</li>
</ul>
<div class="lb-trans"><ul>
<li>中信证券表示，公司在销售和盈利方面均 “超出预期”，并指出在挑战性市场条件下，国内销量驱动的强劲增长和好于预期的利润。</li>
<li>摩根士丹利在注意到盈利超预期的同时，对雀巢印度的股票给予了减持评级，目标价为每股 1,010 卢比。它指出，毛利率同比下降 216 个基点至 54.2%，而 EBITDA 利润率下降 124 个基点至 21.1%。该券商表示，管理层预计牛奶价格将趋于平稳，咖啡价格将稳定，尽管食用油可能仍将保持通胀状态。</li>
<li>汇丰则给予持有评级，目标价为每股 1,260 卢比。它将本季度描述为 “强劲，尽管受到干扰，收入同比增长 11%。” 它指出，四个产品细分中有三个实现了两位数的销量增长，其中 Maggi 表现尤为突出，并补充说成本通胀压力正在减轻。</li>
</ul>
</div><p>Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.</p>
<div class="lb-trans"><p>免责声明：Moneycontrol.com 上的投资专家所表达的观点和投资建议仅代表他们个人的看法，并不代表该网站或其管理层的观点。Moneycontrol.com 建议用户在做出任何投资决策之前咨询认证专家。</p>
</div>

雀巢印度股价今日上涨，因第二季度业绩超预期；分析师指出尽管销售强劲且成本下降，但利润率仍面临压力