Nestle India denies Maggi contamination claims as FSSAI probe drags stock down 3.29%
Nestle India rejected infestation allegations against Maggi, citing internal lab tests showing no contamination, and said it has yet to receive the complaint sample from FSSAI. Shares fell 3.29% to ₹1,375.70. Separately, FY26 royalty to Swiss parent rises 13.91% to ₹1,024.5 crore on 14.2% sales growth.
What happened
Nestle India rejected Maggi infestation allegations after FSSAI inquiry, citing lab tests showing no contamination. Stock fell 3.29%. Separately, FY26 royalty
Key facts
- 3.29% stock drop
- ₹1,375.70 close
- ₹1,024.5 crore royalty FY26
- 13.91% royalty hike
- 4.5% royalty rate
- 62.76% promoter stake
- ₹23,071.46 crore FY26 sales
- 14.2% sales growth
Why this matters
Regulatory overhang and rising parent royalty drag create a window to revisit local brand acquisitions that diversify away from Maggi concentration risk.