Nestle's stock ended the day 1.94 per cent lower at Rs 4,757 on BSE. It fell by 2.46 per cent to Rs 4,732 intra-day.
On NSE, the stock lost 1.94 per cent to end at Rs 4,779."Disappointing results, yet again topline miss," said Pritesh Chheda, Research Analyst, Emkay Global Financial Services.
Nestle India had yesterday reported a 7.14 per cent decline in net profit to Rs 259.16 crore in the quarter ended March 31. The company had posted a profit of Rs 279.09 crore in the January-March quarter a year earlier. Net sales rose to Rs 2,313.46 crore from Rs 2,248.08 crore in the same period of the previous year, Nestle India had said in a BSE Sensex filing.