Goldman Sachs has maintained its 'Neutral' rating on Nestle India with a price target of ₹1,230.00, reflecting the investment bank's balanced assessment of the FMCG major's current market position.

Analyst Rating Details

The investment bank's neutral stance indicates a measured view of Nestle's stock performance potential. The price target of ₹1,230.00 provides investors with Goldman Sachs' assessment of the stock's fair value based on their analysis.

Market Implications

A 'Neutral' rating typically suggests that analysts view the stock as fairly valued at current market levels. This rating indicates that Goldman Sachs sees limited upside or downside potential in the near term, with the stock expected to perform in line with broader market trends.

The price target serves as a benchmark for investors evaluating Nestle's stock, providing insight into the investment bank's valuation methodology and market expectations for the company's performance.

Nestle India Limited , a prominent player in the Indian food and beverage industry, has received multiple GST orders from different tax authorities. The company has disclosed receiving orders from both Chennai and Rudrapur offices, covering different periods and amounts.

Chennai GST Order (2018-23 Period)

The order from the Office of the Commissioner of GST and Central Excise, Chennai, covers the tax period from 2018 to 2023 and includes the following components:

In addition to the above amounts, the Chennai order also includes applicable interest, which is yet to be quantified.

Latest Rudrapur GST Order

The company has received a fresh order from the Office of the Assistant Commissioner, Central GST Division, Rudrapur, Commissionerate-Dehradun, dated December 11, 2025. This order was passed under Section 74 of the Central Goods and Services Tax Act and includes:

Company's Response

Nestle India has stated that both GST orders do not have a material impact on its financials or operations. The company has indicated that it will explore various options to challenge both orders. This approach is common in such cases, where companies often seek legal recourse or engage in discussions with tax authorities to resolve disputes.

Regulatory Compliance

The company has promptly disclosed both orders in compliance with Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency demonstrates the company's commitment to maintaining investor trust and adhering to regulatory standards.

Investor Implications

While the combined GST demands are substantial, totaling over ₹17 crores excluding interest, Nestle India's statement regarding the lack of material impact on its financials should provide reassurance to investors. However, stakeholders should monitor further developments as the resolution of these matters could have implications for the company's financial statements.