Nestle India inch lower ahead of Sept-qtr results
** Shares of Nestle India NEST.NS fall 0.5% ahead of September-qtr results
** Analysts, on average, expect Nestle to report a 6% drop in profit to 8.52 bln rupees ($101 mln), per LSEG data
** The year-ago qtr profit of 9.08 bln rupees included a one-time gain of 1.06 bln rupees
** Bob Capital analysts say higher-than-expected prices of key raw materials, incl cocoa and coffee, to continue to hurt
** Elara Capital analysts expect growth in domestic rev, primarily driven by healthy demand and favorable product mix
** Avg rating of 34 analysts is equivalent of "hold"; median PT is 2,660 rupees - LSEG data
** NEST down 8% so far this year vs a 4% gain in rival Hindustan Unilever HLL.NS and ~7% gain in ITC ITC.NS
($1 = 84.0150 Indian rupees)
Reporting by Ashna Teresa Britto in Bengaluru
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