FSSAI Maggi Notice Revives 2015 Recall Ghosts; UBS Cautious, Nomura Backs Buy at Rs 1,500
FSSAI has served Nestle India a notice over an alleged larvae complaint sourced from social media, echoing the 2015 Maggi crisis that drove a 30bps organic growth drag and 10-20bps margin hit. Nestle denies the claim with clean lab results. Stock fell 3%; UBS stays Neutral, Nomura retains Buy.
FSSAI issued Nestle India a notice over alleged larvae in a Maggi packet from a social media complaint. Nestle disputes claim citing clean lab tests. UBS stays Neutral citing 2015 recall precedent; Nomura keeps Buy at Rs 1,500.