Nestle India Down Almost 2% As Earnings Disappoint
The shares of FMCG major Nestle India fell by almost 2% on Wednesday after the company posted a 7.14% fall in net profit for the quarter ended March 31. Nestle’s stock ended the day 1.94% lower at .` 4,757 on BSE. It fell by 2.46% to .` 4,732 intra-day. On NSE, the stock lost 1.94% to end at .` 4,779. Nestle India had on Tuesday reported a 7.14% decline in net profit to .` 259.16 crore in the quarter.