Nestle India wins Rs 101 Cr tax case at Supreme Court

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₹1283.90

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announcement price

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.6%+1.3% vs market

Packaged Foods peers, median of 36sector+1.8%+0.1% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty 100 and 0.1 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.

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AI summary

The Supreme Court has dismissed as withdrawn the appeals filed by the Income Tax authority against Nestle India. The case relates to disallowance of General Licensing fees for financial years 1996 to 2008, with an aggregate amount of Rs 101.21 Crore. The Delhi High Court had earlier ruled in favour of the company, and with the Supreme Court dismissing the tax department's appeals, the favourable order stands. The matter is now closed in Nestle's favour with no financial liability.

Likely market impact

Positive for shareholders. Removes uncertainty around a Rs 101 Cr tax claim. No payout or financial impact on the company.