Nestle India Shares Fall as Much as 8.3% on Commodity Costs
Shares fell as much as 8.3% after Nestle India flagged persistent food inflation and volatile commodity costs. September-quarter profit rose 36.3% year on year.
New Delhi, Oct. 15 — Nestle India's September-quarter profit increased 36.3% from a year earlier. Its shares nevertheless dropped as much as 8.3% on Thursday after the company cited persistent food inflation and volatile commodity costs. The maker of Maggi noodles and KitKat chocolates reported broad-based growth across…