Passez à l'illimité avec Magzter GOLD

Passez à l'illimité avec Magzter GOLD

Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement

$149.99
 
$74.99/Année

Essayer OR - Gratuit

Nestlé sees profit dip, strong sales growth amid GST rejig

Mint New Delhi

|

October 17, 2025

Nestlé India reported a 23.6% year-on-year drop in standalone profit to ₹753.2 crore in the September quarter as onetime exceptional costs and higher raw material expenses weighed on margins.

- Suneera Tandon

Nestlé sees profit dip, strong sales growth amid GST rejig

The company announced on Thursday that it will continue to accelerate investments in brands and manufacturing capacity to drive long-term growth. A new noodles line has been commissioned at its Sanand factory in Gujarat.

On Thursday, the Swiss food giant announced it would cut 16,000 jobs globally over the next two years in an effort to boost sales and improve profitability. Of these, 12,000 are white-collar employees.

Responding to a Mint query, a Nestlé India spokesperson said, "The workforce reduction applies to markets and func-

PLUS D'HISTOIRES DE Mint New Delhi

Mint New Delhi

Ethiopia wants loan yuan denominated

Ethiopia started talks with China to convert at least part of the $5.38 billion it owes Beijing into yuan-denominated loans, following an example set by Kenya that bolsters China’s efforts to internationalize its currency.

time to read

1 min

October 22, 2025

Mint New Delhi

India’s sunshine law: Clouded by the data privacy bill

In March 2003, the Supreme Court passed a historic verdict that filled a legislative gap.

time to read

3 mins

October 22, 2025

Mint New Delhi

Mint New Delhi

Venu Srinivasan reappointed for life at Tata Trusts

Tata Trusts has unanimously reappointed Venu Srinivasan as a trustee for life and all eyes are now on the upcoming decision regarding Mehli Mistry’s renewal, amid reported internal divisions within the organisation.

time to read

2 mins

October 22, 2025

Mint New Delhi

Deloitte's AI debacle in Australia isa warning for all early adopters

That a report riddled with AI hallucinations was sent to a government should be a wake-up call

time to read

3 mins

October 22, 2025

Mint New Delhi

Mint New Delhi

Wikipedia faces traffic woes thanks to Gen AI

In other AI news, OpenAI's Sora 2 creates a stir for all the wrong reasons

time to read

1 min

October 22, 2025

Mint New Delhi

Non-banks are making markets nervous again

As sudden banking strains in the US show, the growth of non-banks is a mixed blessing, especially if they use bank funds for lending. The motto should be 'better safe than sorry'

time to read

2 mins

October 22, 2025

Mint New Delhi

Mint New Delhi

Olyv taps Unitus Cap for $20 mn funding

Lightrock-backed personal lending platform Olyv, formerly SmartCoin, has appointed Unitus Capital to raise fresh funds, three people in the know said.

time to read

1 mins

October 22, 2025

Mint New Delhi

Rooftop solar: Can it really lower your electricity costs?

Rooftop solar can significantly reduce electricity bills, especially for high-power consumers

time to read

4 mins

October 22, 2025

Mint New Delhi

Why ICICI grit beats HDFC gloss

The Street reacted differently to the September quarter (Q2FY26) results of India’s top private sector banks, HDFC Bank and ICICI Bank.

time to read

2 mins

October 22, 2025

Mint New Delhi

Mint New Delhi

SC eases tax claim norms for foreign firms

Foreign-owned companies can now be treated as carrying on business in India even without active contracts, a physical office, and employees, the Supreme Court recently ruled, providing clarity for foreign firms with project-based or intermittent operations.

time to read

2 mins

October 22, 2025

Listen

Translate

Share

-
+

Change font size