• Q2 organic growth 8.7%, beats poll
  • H1 net profit hit by one-offs, misses poll
  • Raises growth outlook, slightly trims margin target
  • Shares fall 1.4%

ZURICH, July 28 (Reuters) – Nestle (NESN.S) warned on Thursday that price hikes could eventually weigh on sales volumes for the maker of Cheerios cereals, Kit Kat bars and Nescafe as it raised its full-year sales growth forecast to 7-8% and trimmed its margin guidance.

Cost inflation hurt the world’s biggest food group less than expected in the second quarter and price increases boosted first-half organic sales growth.

Consumer goods businesses are facing soaring costs for

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