Nestle hits back, files reply to FSSAI plea in SC

In its reply, Nestle said: FSSAI has held that only reports from labs accredited to test for lead can be relied upon. And now it is relying on reports that fail to meet its own conditions.
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Jan 08, 2016, 08.24 AM | Source: CNBC-TV18

Nestle hits back, files reply to FSSAI plea in SC

In its reply, Nestle said: "FSSAI has held that only reports from labs accredited to test for lead can be relied upon. And now it is relying on reports that fail to meet its own conditions."

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Nestle hits back, files reply to FSSAI plea in SC

In its reply, Nestle said: "FSSAI has held that only reports from labs accredited to test for lead can be relied upon. And now it is relying on reports that fail to meet its own conditions."

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Nestle , the maker of Maggi noodles, has finally hit back at FSSAI. Earlier today, it filed a reply to FSSAI plea in the Supreme Court. FSSAI had moved the apex court challenging the Bombay High Court order lifting the Maggi ban.

In its reply, Nestle said: "FSSAI has held that only reports from labs accredited to test for lead can be relied upon. And now it is relying on reports that fail to meet its own conditions."

Further, Nestle said that FSSAI stance that only imported food items need accredited labs is not sound in law. FSSAI is incorrectly arguing that the "ban" order was merely a show cause notice.

Nestle relaunched Maggi noodles on November 9 after a five-month ban and resumed production of Maggi noodles at all five facilities in India - Nanjangud (Karnataka), Moga (Punjab) Bicholim (Goa) and Tahliwal and Pantnagar in Himachal Pradesh.

In June, FSSAI had banned Maggi noodles, saying it was "unsafe and hazardous" for consumption after finding lead content beyond permissible limits.

Nestle stock price

On May 30, 2016, Nestle India closed at Rs 6286.30, up Rs 116.40, or 1.89 percent. The 52-week high of the share was Rs 7000.00 and the 52-week low was Rs 4990.00.


The company's trailing 12-month (TTM) EPS was at Rs 52.07 per share as per the quarter ended March 2016. The stock's price-to-earnings (P/E) ratio was 120.73. The latest book value of the company is Rs 292.26 per share. At current value, the price-to-book value of the company is 21.51.

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Nestle hits back, files reply to FSSAI plea in SC

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