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Nestle shares fall after earnings disappoint

May 14 2014, 11:27 IST
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SummaryNestle India posted marginal increase increase in net profit at Rs 281.66 crore for Q4 ended Dec 31.

Shares in Nestle India Ltd fall as much as 2.9 percent after the company reported lower-than-expected earnings in the January-March quarter.

"Nestle's results were below estimates and reflected continued challenges in discretionary consumption," brokerage Motilal Oswal said in a note dated on Tuesday.

FMCG major Nestle India posted a marginal increase increase in net profit at Rs 281.66 crore for the fourth quarter ended December 31, 2013.

The company had posted a net profit of Rs 278.92 crore during the October-December quarter of 2012-2013.

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