FSSAI initiates legal action against Nestlé India over alleged infant food violations
Nestle India is in focus.
· LiveMint Companies
Nestle India says it's compliant with all applicable regulations in the country even as FSSAI cracks down promotional claims made for two infant formula brands.
The analysis
Against that, the stock is -0.6% on the day at ₹1,316.00, and has returned -9.2% over three months. It sits 14% below its 52-week high. The fmcg sector has moved -4.2% over the same period, so Nestle India is running 5.0 points behind its peers.
For Nestle India, the question is how much of this is already reflected in the price and how much re-rates the fmcg peer set alongside it.
Market context
- The company directly in focus is NESTLEIND.
- Sector exposure: FMCG.
In this story
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