Nestle Q3 Growth Improves; Coffee Business Posts 3.4% Organic Growth

Nestlé Group officially released its 2026 third-quarter and first-nine-months results. The group continues to advance its growth strategy centered on real internal growth (RIG); in Q3, all zones and globally managed businesses achieved positive real internal growth, and the growth trend keeps improving. Notably, Nestlé Greater China accelerated this quarter with 4.2% organic growth and continuous improvement in core businesses.

Nestlé Group CEO Philipp Navratil said: “Our execution is driving stronger growth. In the third quarter, real internal growth (RIG) was positive across all zones and globally managed businesses, reaching 2.8%, extending the sustained improvement of recent quarters. We have reached agreement on the sale of the mainstream brands in our Vitamins, Minerals & Supplements (VMS) business — another important move to optimize our portfolio and focus on the business areas where we have the strongest competitive edge. Facing a challenging external environment, we will stay focused on creating value, maintain strong execution, and drive sustainable, RIG-driven growth across our businesses.”

At the overall performance level, in Q3 2026 the group achieved sales of CHF 22.8 billion, with 4.0% organic growth, 2.8% real internal growth, and 1.1% pricing contribution. In the first nine months of 2026, the group’s organic growth was 3.7%, real internal growth 1.9%, and pricing contribution 1.8%, steadily advancing toward the medium-term target of sustained RIG above 2%.

Most categories grew this quarter, led by pet care and food & snacks. Pet care posted 5.3% organic growth and 4.3% real internal growth, with strong momentum in cat food and standout sales from core brands such as Pro Plan and ONE; food & snacks posted 5.0% organic growth, driven by real internal growth, with billion-level benchmark brands like Maggi, KitKat, and Milo continuously unleashing growth momentum; coffee posted 3.4% organic growth, with broadly based gains across regions led by Nescafé and Starbucks; within nutrition, medical nutrition remained steady and Bear Brand sustained double-digit sales growth.

As a core strategic market, Greater China’s growth momentum further strengthened, with 4.2% organic growth in Q3, 3.7% real internal growth, and 0.5% pricing contribution — driven on one hand by a low base from channel inventory cuts in the same period of 2025, and on the other by continuous improvement in core-business performance. In the Asia, Oceania & Africa zone, Q3 organic growth was 6.4% and real internal growth rose to 5.0%, the zone’s highest single-quarter RIG since Q1 2021.

Worth noting, Nestlé Group will attend the 9th China International Import Expo as a “full-attendance” participant. Marking its 160th anniversary, Nestlé will appear with a fully refreshed booth, opening a new chapter at this important milestone. Nestlé’s trajectory has always been closely tied to China’s consumer market and industrial-upgrading process. Since 2020, Nestlé has added over RMB 6 billion in investment in China to further expand its local business, focusing especially on high-tech, high-innovation infant formula and pet food. Among these, nearly RMB 1 billion has been added in investment in China this year alone, including capacity upgrades at the Qingdao factory and automation/digitalization efficiency gains at the Hsu Fu Chi factory. Nestlé expects these projects to bring new momentum to local economic development, livelihoods, and employment, and to promote local food-industry diversification, consumption, and sustainable development.

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