Nestlé India shares crash over 8% as food inflation bites

Nestle India reported movement of 8%, 36% and 20.3%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is -6.9% on the day at ₹1,287.70, and has returned -8.4% over three months. It sits 16% below its 52-week high. The fmcg sector has moved -2.7% over the same period, so Nestle India is running 5.7 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.