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Nestle India, which is engaged in the food business, is expected to report a 10.9 percent growth in third quarter profit at Rs 316 crore compared to Rs 285 crore in the year-ago period, according to the average of estimates of analysts polled by CNBC-TV18. Numbers will be announced today and the company follows calendar year 2014 as its financial year. Total income from operations may increase 10.3 percent to Rs 2,603 crore in the quarter ended September 2014 compared to Rs 2,360 crore in corresponding quarter of last fiscal. Operating profit during the quarter is likely to jump 7.8 percent on yearly basis to Rs 532 crore but margin may decline 50 basis points to 20.4 percent.
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