Nestle India misses Q4 profit estimates on slow rural demand

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.

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