A field study was conducted during rabi / summer 2014-15 to know the spatial variability and precision nutrient management practices on targeted yield levels of groundnut. The experimental field has been delineated into 36 grids of 9 m x 9 m using geospatial technology. Soil samples from 0-15 cm were collected and analysed. Spatial variability exists for available nitrogen, phosphorous and potassium and they varied from 99 to 197 kg N, 12.1 to 64.0 kg P₂O₅ and 166 to 402 kg K₂O ha^-1, respectively. This was addressed through precision nutrient management strategy with target yield approach. Application of NPK through drip irrigation in 6 equal splits at fortnightly interval recorded significantly higher growth and yield attributes.  Application of variable rates of NPK based on NPK variability of grids through drip irrigation in six equal splits at fortnightly interval recorded 27.28 per cent higher groundnut pod yield (25.24 q ha^-1) over blanket application to soil as per UASB package of practice (19.83 q ha^-1). The actual yields exceeded the target yield levels (1500, 2000 and 2500 kg ha^-1) by 37.0, 19.9 and 9.3 per cent respectively.