Shares of Australian Dairy Nutritionals (ASX:AHF) experienced a significant drop as much as 15.8% to A$0.016.

This marks the most significant intraday percentage decline since August 28.

The company stated that its Future Gradulac Gentle infant formula range is to be withdrawn from Chemist Warehouse stores across the nation.

The decision comes after the range’s sales fell below expectations, prompting a review of the Future brand’s outlook.

It’s noted that the company hasn’t invested in Future range inventory over the previous 12 months and is currently exploring opportunities to sell the inventory in international markets.

The stock observed a fall of 57.8% this year-to-date, up to the most recent close.

Australian Dairy Nutritionals is a food company, specializing in dairy products.