The company had reported a net profit of Rs 106.04 crore in the corresponding quarter of previous fiscal. Net sales in the quarter under review was at Rs 1,640.77 crore, down 2.26 percent compared with Rs 1,678.74 crore in the same quarter last year, the company said in a filing to BSE.
Earlier this month, Nestle had to recall Maggi noodles, while Hindustan Unilever also withdrew its Knorr instant noodles brand over safety and regulatory issues.
One of the most important things to keep in mind when one becomes really rich is that one should not give in to unnecessary temptations.
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