Nestlé India shares drop 3% amid senior management reshuffle

SENSEX 73,435.50

 -274.19

NIFTY 22,688.50

 -122.85

CRUDEOIL 9,478.00

+ 270.00

GOLD 144,825.00

 -1,254.00

SILVER 203,635.00

 -5,533.00

SENSEX 73,435.50

 -274.19

NIFTY 22,688.50

 -122.85

NIFTY 22,688.50

 -122.85

CRUDEOIL 9,478.00

+ 270.00

CRUDEOIL 9,478.00

+ 270.00

GOLD 144,825.00

 -1,254.00

'; } document.getElementById("lgdv").innerHTML = htmlElements; } function numberformat(i) { return Number(parseFloat(i).toFixed(2)).toLocaleString('en', { minimumFractionDigits: 2 }) } async function gatherResponse(response) { const { headers } = response; const contentType = headers.get('content-type') || ''; if (contentType.includes('application/json')) { return await response.json() } return response.text(); } function getWidth() { if (Math.max(document.body.scrollWidth,document.documentElement.scrollWidth,document.body.offsetWidth,document.documentElement.offsetWidth,document.documentElement.clientWidth) > 991) { document.getElementById("mob").style.display = "none"; document.getElementById("lgdv").style.display = "block"; } else { document.getElementById("mob").style.display = "block"; document.getElementById("lgdv").style.display = "none"; } } getWidth(); THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.

The stock opened at ₹1,210, touching an intraday low of ₹1,184 — not far from its 52-week low of ₹1,159.40 hit in April 2026

By Anupama Ghosh

Updated - October 22, 2026 at 01:24 PM.

Shares of Nestlé India Limited were trading sharply lower on Thursday, falling 3.08 per cent to ₹1,186.20 as of 12.33 pm, a day after the FMCG major disclosed a three-way senior management restructuring.

The stock opened at ₹1,210, touching an intraday low of ₹1,184 — not far from its 52-week low of ₹1,159.40 hit in April 2026.

Over 11.23 lakh shares have changed hands so far, with traded value at ₹133.92 crore. Market capitalisation stands at approximately ₹2,28,775 crore.

On Wednesday evening, Nestlé India filed a disclosure with BSE and NSE under Regulation 30 of SEBI’s Listing Regulations, notifying three senior management changes effective 1st January 2027.

Mr. Vineet Singh, Business Executive Officer (BEO) – Nutrition and Dairy, will move to a Nestlé affiliate. Mr. Gopichandar Jagatheesan, currently BEO – Chocolates and Confectionery, has been nominated to succeed him. Ms. Mansi Khanna, presently Chief Operating Officer of the Dr. Reddy’s and Nestlé Health Science joint venture, will take over as BEO – Chocolates and Confectionery.

The stock has been weak over the medium term — down nearly 13 per cent over the past month, significantly underperforming the Nifty 50’s 2.99 per cent decline in the same period.

It trades at a trailing P/E of 57.88, against a 52-week high of ₹1,553 recorded in August 2026. The market will watch closely to see if the sell-off deepens before the 4 pm close.

More Like This

FSSAI issues notices to Zydus Wellness, Nestle IndiaNestle India responds to FSSAI notice over Lactogen Pro 1 labelling claim

Published on October 22, 2026

Companies to follow

• Nestle India Ltd

THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.Sign into Unlock benefits!

• Access 10 free stories per month
• Get notified by email for early preview to new features, discounts & offers