A woman missing in Taranaki has been found after spending two unplanned nights on Mt Taranaki.

She was being walked out of the bush shortly after midday, a police spokeswoman said.

Search and rescue teams had been searching for her today. She was reported missing about 7.30pm yesterday.

The 49-year-old was found wandering the mountain's Puniho Track and was described as being cold and wet but unharmed at 11.45am today.

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She was last seen dropping her children at school on Wednesday morning.

Her car was found this morning at the base of Mt Taranaki, with a note saying she was tramping to Holly Hut.

Police found the woman's car at the end of Puniho Rd, Okato in the early hours of this morning, Fairfax reported.