You are here

Nestle's half-year sales worse than forecast

Nestle's India unit last month reported a 20 per cent slide in second-quarter sales, after its Maggi noodles were pulled off shelves due to safety concerns.


NESTLE reported slightly worse-than-expected half-year sales on Thursday, hurt by a recall of its Maggi noodles in India.

The world's largest packaged-food company, with brands such as Nescafe, KitKat and Perrier, reported sales fell 0.3 per cent to 42.84 billion Swiss...