Nestle India misses Q4 profit estimates on slow rural demand

Feb 7, 2024

Bengaluru: Nestle India Lower than expected profit was recorded in the fourth quarter on Wednesday rural demand For consumer goods Remained weak amidst increasing competition.
Profit rose more than 4% to 6.56 billion rupees ($79.06 million) in the three months ended Dec. 31, missing analysts' estimates of 7.43 billion rupees, according to LSEG data.

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