The possibility of rapid estimation of moisture, protein, fat, free fatty acid (FFA), and peroxide value (PV) content in peanut kernel was studied by Fourier transform near-infrared spectroscopy (FTNIR) in the diffuse reflectance mode along with chemometric technic. The moisture, fat and protein of fresh and damaged seeds of peanuts ranging from 3 to 9 %, 45 to 57 % and 23 to 27 % respectively, were used for the calibration model building based on partial least squares (PLS) regression. The peanut samples had major peaks at wavenumbers 53.0853, 4954.98, 4464.03, 4070.85, 74.75.63, 8230.21, and 6178.13 in per cm. First and second derivate mathematical preprocessing was also applied in order to eliminate multiple baseline for different chemical quality parameters of peanut. The FFA had the lowest value of calibration and validation errors (0.579 and 0.738) followed by the protein (0.736 and 0.765). The quality of peanut seeds with lowest root mean square error of cross validation of 0.76 and maximum correlation coefficient (R2) of 96.8 was obtained. The comprehensive results signify that FT-NIR spectroscopy can be used for rapid, non destructive quantification of quality parameters in peanut.