May 15, 2019 / 4:32 AM / in 4 days

BUZZ-India's Nestle poised for future growth with new launches, shares rise

** Maggi noodles maker Nestle India’s shares rise as much as 3% to 10,499.8 rupees — sees its best day in nearly 7 weeks

** Co’s March-qtr profit and revenue rise

** Domestic growth of 10.2% y-o-y and commentary on sustained market momentum was a key positive amid talks of slowdown, Jefferies says

** Co announces launch of organic food products; Edelweiss says Nestle has also been strengthening its position in existing brands, enhancing penetration and is in quest of constant innovations

** Nestle’s focus on innovation, new launches, market share and premium products will boost volume-led growth — Edelweiss

** Shares are down around 8% YTD as of last close

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