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Nestle India flags food, commodity inflation after profit surges 36%
Nestle India flagged inflation and rising commodity prices as challenges on Thursday after resilient demand for Maggi instant noodles and Nescafe coffee helped drive a 36% jump in its second-quarter profit. Consumption tax cuts and selective price increases have supported sales growth for Indian consumer goods makers, even as they face mounting input cost pressures, especially for packaging, edible oils and agricultural commodities. The Indian arm of Switzerland’s Nestle said it is focusing on new and improved products, investing in its brands and managing costs to counter food inflation and h...
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