Muted profits, but Nestle India will recover - Nomura
INDIA-NESTLE-NOMURA:Muted profits, but Nestle India will recover - Nomura
Reuters Market Eye - *Shares in Nestle India
* Nomura says Nestle's profits missed estimates, but adds input costs have started to ease and will help lift margins over then next couple of quarters.
* Nomura adds Nestle remains one of its key long-term picks in the sector, but maintains its "Neutral" rating, with target price at 4,345 rupees vs Nestle's 4,936 rupees closing price on Wednesday.
(Reporting by Manoj Dharra; Editing by Rafael Nam)