Nestle India drops after on lower fourth-quarter profit

ReutersApr 24, 2025 7:14 AM

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Nestle India NEST.NS down 0.4% after fourth-quarter results, pulling back from declines of 2.2%

Co reports 5.2% drop in profit as high commodity costs put margins under pressure

Stock was up ~1% before results

Says prices of coffee and cocoa, key ingredients in its popular "Nescafe" drinks and "KitKat" chocolates, remained high, driving its expenses 8% higher

Peer Hindustan Unilever HLL.NS reports fourth-quarter profit marginally below estimates; stock fell 3%

YTD, NEST up 12% vs FMCG index's .NIFTYFMCG 0.4% climb

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