Nestlé India Limited has announced significant changes in its senior management structure, with the transition taking effect from April 1, 2026. The company disclosed these changes in compliance with Regulation 30 and Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Leadership Transition Details

The management changes involve two key personnel in the IS/IT & Nestlé Business Excellence division:

Profile of Incoming Executive

Mr. Prateek Tripathi, aged 45 years, brings extensive experience to his new role as Head - IS/IT & Nestlé Business Excellence. His professional background includes:

Key Contributions and Expertise

Since joining Nestlé in 2019, Mr. Tripathi has demonstrated significant growth within the organization. He has rapidly advanced from Data Analytics Manager to becoming the driving force behind Analytics and Data Integration in the South Asia Region. His key contributions include:

• Enforcing compliance with data governance policies and processes
• Identifying optimization opportunities across Zone AOA
• Leading analytics and data integration initiatives in South Asia Region

The company noted that with his extensive expertise and significant contributions to the Nestlé group, Mr. Tripathi is well positioned to lead the IT function of the company.

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 and Para A of Part A of Schedule III of the Listing Regulations, following SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The announcement was signed by Pramod Kumar Rai, Company Secretary and Compliance Officer, on March 6, 2026.

This leadership transition reflects Nestlé India's commitment to strengthening its technology and business excellence functions while ensuring continuity in its operations.

Nestlé India Limited has delivered a stellar performance in the third quarter of financial year 2025-26, marking its strongest quarterly results with record-breaking sales growth and robust profitability metrics. The company's Board of Directors approved the unaudited financial results for the quarter ended 31st December 2025, showcasing exceptional operational performance across all business segments.

Financial Performance Highlights

The company achieved its highest-ever quarterly turnover with remarkable growth across key financial parameters:

The company's EBITDA margin stood at 21.3% of sales, demonstrating strong operational efficiency. Revenue from operations reached ₹56,670.4 million compared to ₹47,797.3 million in the corresponding quarter of the previous year.

Exceptional Items and Tax Benefits

The quarter's performance was significantly enhanced by exceptional items totaling ₹1,569.5 million credit, comprising multiple components:

• ₹2,023.2 million writeback of income tax provisions from earlier periods following closure of litigation
• ₹350.0 million restructuring cost charge for employee severance compensation
• ₹103.7 million past service cost recognition due to New Labour Codes implementation

The income tax litigation closure resulted in a total positive impact of ₹3,120.4 million, with ₹1,097.2 million classified under tax expense and the balance under exceptional items.

Dividend Declaration and Capital Structure

The Board declared an interim dividend of ₹7 per equity share for financial year 2025-26, amounting to ₹13,498.2 million. The dividend will be paid from 26th February 2026 to shareholders on record as of 6th February 2026.

Leadership Appointments and Organizational Changes

The company announced significant leadership transitions to strengthen its management structure:

Key Appointments:

• Mr. Edouard Dominique Jean Mac Nab appointed as Additional Director and Executive Director – Finance & Control and CFO effective 1st March 2026 for five years
• Mr. Jagdeep Singh Marahar to be appointed as Executive Director – Technical effective 1st June 2026
• Mr. Mandeep Singh Chhatwal appointed as Non-Executive Director effective 1st January 2026

Mr. Edouard Mac Nab brings over 25 years of international finance leadership experience and currently serves as Head of Finance & Control of Nestlé Canada. He will succeed Ms. Svetlana Boldina, who will transition to a new assignment with a Nestlé Affiliate.

Strategic Renewable Energy Investments

The Board approved investments in renewable energy infrastructure through partnerships with leading energy companies:

These investments align with the company's sustainability objectives and aim to secure cost-effective green energy for manufacturing operations.

Business Performance Across Segments

Chairman and Managing Director Manish Tiwary highlighted the broad-based growth across all product groups, with three out of four categories achieving robust double-digit growth. The performance was driven by strategic investments in capacity building, brand development, and increased consumer-focused advertising spending, which grew 42% year-on-year.

The company achieved its highest absolute and percentage reach gain in a single year, led by strong rural market expansion while maintaining best-in-class urban performance. All business channels, including General Trade, E-Commerce, and Out-of-Home segments, recorded strong double-digit growth during the quarter.