Nestle India denies Maggi infestation claim after FSSAI notice; stock slides 3.3%
Nestle India rejected insect-infestation allegations on Maggi following an FSSAI inquiry, saying it has yet to receive the complaint sample and citing internal lab tests showing no contamination. Shares fell 3.29% to ₹1,375.70. Separately, FY26 royalty to Swiss parent rose 13.91% to ₹1,024.5 crore as sales grew 14.2% to ₹23,071.46 crore.
What happened
Nestle India rejected Maggi insect-infestation allegations after FSSAI inquiry, citing lab tests confirming no contamination. Stock fell 3.29%. Separately, FY26
Key facts
- stock down 3.29%
- share price ₹1,375.70
- royalty ₹1,024.5 crore FY26
- royalty up 13.91%
- FY26 sales ₹23,071.46 crore
- sales up 14.2%
- promoter stake 62.76%
Why this matters
Renewed Maggi scrutiny revives the 2015 playbook risk and may open shelf-space windows for challenger noodle brands worth scoping for partnership or acquisition optionality.