Nestlé India serves up a profit miss as selling expenses mount in Q3 - News Summed Up

Nestlé India serves up a profit miss as selling expenses mount in Q3


Nothing energizes more than a cup of joe in the morning, and for many, that would be courtesy Nestlé India Ltd’s Nescafe coffee powder. To boost sales and volume growth, Nestlé India has been incurring higher other expenses. Although this is typical after product launches, this has dragged down the Ebitda margin by 210 basis points. Shares of Nestlé India, though, have taken a whipping lately due to the lower margins. As things stand, Nestlé India may have to whip up a tastier performance to maintain its past upward trajectory.


Source: Mint February 17, 2019 18:22 UTC



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