Shares of Nestle India, a leading FMCG company, increased by 3% to a high of ₹1,421 on the Bombay Stock Exchange after the company reported a 27% year-on-year rise in consolidated net profit to ₹1,111 crore for the January-March quarter of FY26. Revenue from operations also saw a 23% increase, amounting to ₹6,748 crore. This robust performance was attributed to strong volume growth, supported by a significant increase in advertising expenditure. Brokerages have responded with varying ratings; Nomura raised its target price to ₹1,500 while maintaining a Buy rating, citing improvements in distribution and an omni-channel strategy. Conversely, Macquarie and Motilal Oswal retained Neutral ratings, raising their target prices to ₹1,400 but expressing concerns over high valuations. Nuvama Institutional Equities maintained a Buy rating with a target price increase to ₹1,640, emphasizing the strong financial performance and robust volume growth, particularly in the prepared dishes segment. Kotak Securities has a Reduce rating with a target price of ₹1,265, noting the stock's expensive valuations despite strong performance.