New Delhi, Feb. 2 -- Nestle India Ltd's shares are flirting with the 52-week high of Rs.1,339.60 attained on 30 January. The December quarter (Q3FY26) results announced on Friday could well support the stock. After all, the packaged-food company's volume growth for the quarter was the strongest in almost five years.

"Volume-plus-sales-mix growth was at 16% year-on-year, in our view, much above our forecast of 8% year-on-year and the highest among peers," Nomura Financial Advisory and Securities (India) said in a report.

Nestle benefited from improved demand amid the broader market recovery following the reduction in the goods and services tax rates. Strategic investments in increasing capacity and building its brands helped growth.

The...