Nestle reported 3.0% volume growth in the quarter, slightly better than rival Unilever which had growth of 2.6%
Nestle Chief Executive Paul Bulcke said the company is not abandoning its long-term growth model
Lower net profits were due to one-off impact from the disposal in 2014 of part of the L'Oreal stake
Net profit of the group fell to 9.1 billion Swiss francs ($9.19 billion), lagging the average estimate of 9.98 billion francs