Nestle sugar controversy: Nestle India shares see worst day in 3 years, drop 5%

Thursday, 18 April 2024
Shares of Nestle India dropped by 5.4% due to controversy over adding sugar to baby food products sold in India but not in Europe and UK. The revelation came to light when "Public Eye," a Swiss investigative organization, and IBFAN (International Baby Food Action Network) sent samples of Nestle's baby food products marketed in Asia, Africa, and Latin America to a Belgian laboratory for analysis.

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Nestle sugar controversy: Nestle India shares see worst day in 3 years, drop 5%

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