Nestle India posted consolidated net profit of ~₹743 crore in Q2, down ~17.4% YoY, even as revenue climbed ~11% to ₹5,630 crore. The decline reflected higher input costs, inflationary pressures, and margin compression. Domestic sales growth remained strong, especially for its staples and beverage brands, but offset by elevated expenses. The company flagged rising commodity costs and investments in distribution as headwinds ahead. The result suggests challenges for category players in protecting margins amidst cost volatility.