Transcript of analyst and institutional investors meet (virtual) held on 4th August 2026

Nestlé India Limited (CIN: L15202DL1959PLC003786) Nestlé House Jacaranda Marg ‘M’ Block, DLF City, Phase – II Gurugram – 122002, Haryana Phone: 0124 - 3940000 E-mail: investor@in.nestle.com Website: www.nestle.in PKR:SG: 38:2026-27 7th August 2026 BSE Limited (BSE) National Stock Exchange of India Limited (NSE) Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C-1, Dalal Street, G Block, Bandra Kurla Complex, Mumbai - 400 001 Bandra (East), Mumbai - 400 051 BSE Scrip Code: 500790 NSE Symbol: NESTLEIND Subject: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”): Transcript of analyst and institutional investors meet (virtual) held on 4th August 2026 Dear Madam/ Sir, Further to our letter PKR:SG: 33:2026-27 dated 23rd July 2026 and PKR:SG: 36:2026-27 and PKR:SG: 37:2026-27 both dated and 4th August 2026, and pursuant to Regulation 30 read with Part A of Schedule III of the Listing Regulations, please find enclosed transcript of analyst and institutional investors meet held virtually on 4th August 2026. The same is being uploaded on the Company’s website at https://www.nestle.in/investors/analystsmeet. The above is for your information and record. Thanking you, Yours truly, NESTLÉ INDIA LIMITED PRAMOD KUMAR RAI COMPANY SECRETARY AND COMPLIANCE OFFICER Encl.: as above Regd. Office: 100 / 101, World Trade Centre, Barakhamba Lane, New Delhi – 110 001 Nestlé India Limited Analyst and Institutional Investor Meet August 4, 2026 Management: Mr. Manish Tiwary - Chairman & Managing Director Mr. Edouard Mac Nab - Executive Director - Finance & Control and Chief Financial Officer Mr. Rachit Chaudhary – Head, FP&A & Investor Relations Ms. Sarah Bhambre – Senior Manager - Investor Relations Page 1 of 24 Nestlé India Limited August 4, 2026 Sarah Bhambre: Good afternoon, everyone. A very warm welcome to Nestlé India's Analyst and Institutional Investor Meet 2026. We are delighted to have you with us today and sincerely appreciate your time and participation. My name is Sarah Bhambre, and I am part of the Investor Relations team. Joining me today are members of Nestlé India's Management team, Mr. Manish Tiwary, Chairman and Managing Director, Mr. Edouard Mac Nab, Executive Director - Finance & Control and Chief Financial Officer. We also have Mr. Rachit Chaudhary, Head, FP&A and Investor Relations. Before we commence, I would like to draw your attention to the disclaimer slide. Thank you. It is now my pleasure to invite Mr. Manish Tiwary to deliver his presentation themed, Consumer First, Brand Strong, Future Ready. Over to you, Mr. Tiwary. Manish Tiwary: Thank you. Thank you so much, Sarah. And thank you, everyone, for joining us today afternoon. It is a pleasure to be able to share how we see our performance over the last one year and more importantly, how we see the path forward. What I would be doing today is spending the next 30 to 40 minutes on the growth journey, the way we see the opportunity in this country, and some of the key focus areas and takeaways, and then happy to take some questions post that. In Nestlé, whenever before we start and get into the business end of things, I always tell people that it is important to keep ourselves anchored on the purpose behind, which has guided Nestlé for the last 160 years globally and for the last close to 115 years, all of us in India. The story behind this Company began in 1867 when Henri Nestlé developed Farine Lactée. This was an infant cereal designed to help working mothers to take care of their and to take nourishment to their babies. And this really helped reduce infant mortality at that period of time. This simple invention was rooted in a very, very powerful belief for everyone in Nestlé, which is good nutrition has the power to improve lives. And over the last 160 years, we have evolved from a single product nutrition Company into one of the world's leading food and beverage companies. But the one thing which has remained the same is the purpose. The purpose behind Nestlé has remained unchanged. And I always feel it is an important point to start any business presentation, because that is what we are anchored around at Nestlé India. I would start with the growth journey. Before getting on to the numbers, it is important to remind ourselves, we have been around for the last close to 115 years now, and we are truly a ‘Make in India’ company. We manufacture most of our products in the country ourselves, and we source close to 96% of our ingredients from India. Over the years, the presence of Nestlé in this country has grown. We have close to 8,500 employees today and consumers can reach out to six million touch points and buy some of their loved brands. And one of the greatest things, which is quite unique about Nestlé in India is, along with the trust, which we built with the consumers, with our partners, with our customers, there is also a very important stakeholder, the trust we built with our investors. Today, we have a family of over 500,000 shareholders and many of them have remained invested in this Company across generations. Even today when I am traveling, I take flights, very often I run into people who tell me about Page 2 of 24 Nestlé India Limited August 4, 2026 their association with Nestlé about how their parents or grandparents bought Nestlé India share decades ago, and the wealth, which got created through that investment decades ago has gone on to fund children's education, support marriages, and really help build the family legacy. To me and to all of us at Nestlé, that is the true meaning of long-term value creation. At the core of what we do is the brands we love, and the brands which millions and millions of Indians have loved across generations. Today, if you look at our business, two out of three households in this country interact and engage with our brands. So, when you get up in the morning, the chances are very bright that you would start your day with a cup of NESCAFÉ, enjoy your favorite MAGGI, and then, of course, take a KITKAT break. All of us have such fond memories about childhood consumption of MILKMAID. And in the recent past, we have now entered some new segments. We are one of the leading players in terms of pet nutrition across the world, and very proud to share that Nestlé India is very active both in the dog and the cat nutrition space. And of course, we have an out-of-home business, which ensures that not only do consumers get to enjoy some of our brands at home, even when you are outside home, you interact with the multiple points of presence which we have. And this business serves close to 535 million customers outside home. So, a very, very impactful presence across the country and yes, some of these loved brands have resulted in the business performing really, really strongly. I mean, if you look at the trajectory over the last five years, as a company, we have always delivered double-digit growth. It has been a very, very resilient growth across the years. And the great thing about this is it is not only the resilience, it is actually the acceleration which we are now witnessing over the last few quarters. I think this consistent performance is the result of the brands which are referred to, the strength of these brands. It is a result of some great disciplined execution and the result of the entire organization's ability to capture some of the new growth opportunities, which are popping up across the consumer segment. The great thing about growth is not just that the value growth, it has been underpinned by a very, very steady recovery in volumes. And that is very, very important because it means more and more consumers are getting a chance to engage with our brands. We have seen the momentum build progressively. So if you look at the last five years, we were getting a CAGR of close to 4.2% volume growth. But what has been really heartening is if you look at the last few quarters, we moved [Showing first 8,000 characters — download PDF for full document]