Nestle India shares fall on gross margins concerns

Shares of Nestle India Ltd fall 1.5 percent after April-June margins disappoint.

Nestle India's gross margins slip 2.4 percentage points to 52.4 percent from a year earlier due to higher input costs, IDFC says in a report.

IDFC calls it the highest gross margin decline in at least 16 quarters.

(Reporting by Dipika Lalwani)