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Nestle India Shares Fall on Gross Margins Concerns

NDTV Profit Desk

Shares of Nestle India Ltd fell 1.5 per cent today after its April-June margins disappointed.

Shares of Nestle India Ltd fell 1.5 per cent today after its April-June margins disappointed.

Nestle India's gross margins slipped 2.4 percentage points to 52.4 per cent from a year earlier due to higher input costs, IDFC said in a report.

IDFC called it the highest gross margin decline in at least 16 quarters.

Copyright: Thomson Reuters 2014

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