Patanjali Foods gets FDA notice over Karela Jamun Juice ads
PATANJALI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts more than Nifty Midcap 150 and 0.7 pts less than its Edible Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Patanjali Foods received a notice from the Maharashtra FDA (Nagpur Division) under the Drugs and Magic Remedies Act, 1954 regarding certain advertising claims on Patanjali Karela Jamun Juice. The authority has directed the company to recall the product, stop its distribution, sale and supply, and modify or withdraw the promotional materials. A compliance report is due within 15 days. No monetary penalty has been imposed. The company says it does not expect any material financial impact and is reviewing the matter with legal advisors.
Short-term hit limited to one product SKU and ad changes. No penalty or material financial impact expected. Could mildly weigh on sentiment.