Nestle India denies FSSAI legal action news on baby formula

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NESTLEIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.8%Reaction day

₹1364.90

prior close

₹1360.00

announcement price

After-mkt

timing

Nifty 100market+0.3%+1.6% vs market

Packaged Foods peers, median of 34sector+0.2%+1.6% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty 100 and 1.6 pts more than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.5

10m

+0.8

15m

+1.0

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8+0.3+1.6+0.2+1.6

Next day

+0.1-0.1+0.2+0.0+0.1

+1.3+0.5+0.9+0.3+1.0

-0.9-1.2+0.2-0.1-0.8

-0.2-0.8+0.6-1.0+0.8

-1.4-2.4+1.0-1.0-0.4

-4.0-3.1-0.9-1.1-3.0

15d

-3.3-3.0-0.3-4.9+1.6

-10.3-3.0-7.3-7.4-2.9

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UpDownMarket · Nifty 100Sector · Packaged Foods peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Nestle India told stock exchanges that a Moneycontrol report claiming FSSAI initiated legal action over baby formula is factually incorrect. Company says NAN EXCELLA PRO and LACTOGEN PRO products and their labels were approved by the FSSAI expert committee and are fully compliant with all regulations. Nestle has submitted a detailed response to authorities. Material impact stated as none.

Likely market impact

Company denies the negative news; investor reaction to the denial could help stock recover from the earlier 2 percent fall.