Nestle's India unit says seeing early signs of easing costs

Consumer goods conglomerate on Thursday said it was seeing early signs of softening of prices in commodities such as edible oils and packaging materials.

The company's revenue for the quarter ended June 30 rose 16.1% to 40.37 billion rupees ($506.24 million), it said in an exchange filing.

Profit slipped 4.3% to 5.15 billion rupees, hurt by higher expenses.