Nestle India Q2 profit drops 1% to ₹899 cr
Profit was hit by elevated commodity prices, especially for coffee and cocoa.
Profit was hit by elevated commodity prices, especially for coffee and cocoa.
The FMCG major's revenue grew 9% year-on-year at ₹5,268 crore during the quarter under review, as against ₹4,830 crore in the corresponding period of the previous year.
The dip in profit despite robust revenue figures was caused by the reformed pension scheme for certain employees of the company.