Though March quarter performance largely in line with expectations, valuation seems steep
Margins may expand sequentially as gross margin will be aided by lower sales of Maggi noodles
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