Nestle India shares tank 5 per cent post December quarter earnings
The company, which follows the January-December financial year, had posted a profit of Rs 472.64 crore in the same period a year ago, Nestle India said in a regulatory filing.
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NEW DELHI: Shares of Nestle India Ltd declined 5 per cent in early trade on Wednesday after its December quarter earnings failed to cheer investors.
The stock declined 5 per cent to Rs 16,360 on the BSE. At the NSE, it tanked 5 per cent to Rs 16,350. FMCG major Nestle India Ltd on Tuesday reported a 2.25 per cent rise in net profit to Rs 483.31 crore for the fourth quarter ended December.
FMCG major Nestle India Ltd. on Tuesday reported a 2.3% rise in net profit to ₹483.3 crore for the fourth quarter ended December. The company, which follows the January-December financial year, had po
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