Nestle India Ltd.’s quarterly profit fell, missing estimates, as sustained inflation pressures continued to weigh, offsetting benefits from price hikes.
Net profit of the maker of Maggi instant noodles and Kit Kat chocolates that follows calendar-year financial reporting fell 1.25% over the year earlier to Rs 594.71 crore in the three months ended March, according to its exchange filing. That compares with the Rs 629.52-crore consensus estimate of analysts tracked by Bloomberg.
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