Nestle India shares slide 5% after Q1 profit dips as cost pressures bite
Shares of Nestle India fell as much as 5.2% to Rs 2,326 on BSE on Thursday after the Maggi-maker reported a 13.4% year-on-year (YoY) decline in its profit after tax for the first quarter of FY26, with the company citing elevated commodity prices and rising operational costs as key drags on profitability. The company’s profit…