The worst day in three years is recorded with 5.4% decline in Nestle India shares

Nestle India share price: Following the report, Nestle’s shares dropped, marking the most one-day decline in the previous three years.Nestle India shares dropped as much as 5.4%, hitting the day’s low of Rs2,409.55 on the BSE. This follows news that the baby food giant was adding sugar to goods sold in India and other countries, but not in the UK or Europe. Following the report, Nestle’s shares had their greatest one-day decline in the previous three years.According to a Swiss investigative group called “Public Eye,” every portion of Cerelac baby cereal contains around 3 grammes of added sugar from India.

The results were drawn by Public Eye and IBFAN (International infant Food Action Network) following the shipment of samples of the company’s infant food products, which are sold in Latin America, Asia, and Africa, to Belgium.
According to the paper, Nestle uses idealising imagery to promote the vitamins, minerals, and other benefits found in its products, but it is opaque about added sugar.According to the report, an expert stated, “This is a big concern.” Foods intended for infants and young children shouldn’t have added sugar because it is superfluous and highly addicting. As they become accustomed to the sweetness, children seek out more sugary meals, which sets off a vicious cycle that raises the possibility of nutrition-related problems in later life.