Nestle shares in focus as FMCG major announces 16,000 jobs cut; Q2 FY26 profit dips 17%

New Delhi: The shares of Nestle are in focus after Nestlé SA announced its plans to slash 16,000 jobs just weeks after new Chief Executive Officer Philipp Navratil took charge. The global FMCG brand said the job cuts will be conducted across the world. Also, FMCG major Nestle India Ltd on October 16, 2025 posted a 17.37 per cent reduction in consolidated net profit to Rs 743.17 crore for the second quarter of 2024-25.

The FMCG major announced that the job cuts would be around 6 per cent of Nestle's workforce. The company informed that 12,000 people employed in the white-collar jobs would be asked to leave, while 4,000 job cuts are already underway in production and the supply chain.

Also Read

Afcons Infrastructure wins Rs 6800 cr Croatia Railway project; stock in focus

Watch this penny stock: Price close to Re 1, light on debt; concluded big deal

Welspun Enterprises: This infra firm won two major projects and the stock is available at a discount

In its July-September FY 26 Results, Nestle recorded a net profit of Rs 743.17 crore, while it stood at Rs 899.5 crore in the same quarter a year ago.

According to a regulatory filing by Nestle India, the firm’s revenue jumped 11 per cent to Rs 5,630.23 crore in the Q2 of 2025-26, as compared to Rs 5,074.76 crore in the corresponding period of the last fiscal year. The FMCG major recorded the highest sales ever recorded in any quarter.

The total expenses of Nestle India increased 12.9 per cent to Rs 4,616.73 crore in the second quarter of 2025-26.

Nestle Chairman and Managing Director Manish Tiwary said domestic sales grew at a double-digit rate, led by volume growth.

"Three out of four product groups delivered strong volume, led by double-digit growth. Our domestic sales reached Rs 5,411 crore, the highest ever recorded in any quarter," Tiwary said.

Nestle India Ltd shares closed at Rs 1276.55 apiece on BSE on October 16, 2025