I have moved embed code to be a snippet. After that move no_results stopped to work (part of the code below)
{exp:channel:entries channel="products" category="{segment_2_category_id}" orderby="title" sort="asc" limit="8" paginate="bottom" dynamic="no"}
{if no_results}
<div class=""><p>No entries yet.</p></div>
{/if}
{/exp:channel:entries}
Any clue why it has stopped?