Nestle India misses Q4 profit estimates on slow rural demand – Times of India

BENGALURU: Nestle India reported fourth-quarter profit below expectations on Wednesday as rural demand for consumer goods remained weak amid rising competition.
Profit rose more than 4% to 6.56 billion rupees ($79.06 million) for the three months ended Dec. 31, missing analysts’ estimates of 7.43 billion rupees, according to LSEG data.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *