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Nestle India posts higher quarterly profit on strong urban demand
Credit: IndiaTimes- Published on February 7, 2024
Benefitting from a steady urban demand, Nestle India reported a rise in quarterly profit of nearly 16%. Nestle India outperformed its large-cap rivals due to its smaller rural presence and less competition in its major coffee, noodles, and baby food sectors, according to Axis Securities analyst Preeyam Tolia. Shares of Nestle...