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Nestle India to reinstate Maggi noodles in the market by year end

24 Aug 2015 Evaluate

Nestle India is planning to bring back the popular instant Maggi noodles back in the market by the end of this year subject to certain clearances. The company will continue with the existing formula of the product and not change the ingredients.

The company was taken a hit of Rs 450 crore, including destroying over 30,000 tonnes of the instant noodles since June when it was banned because of alleged excessive lead content.

Nestle India has its presence in India for around nine decades, making it one of the oldest company in India. Nestle has created brands like Nestle Milkmaid, Nestle Everyday, Maggi Noodles, Maggi Soups, Polo, Kit Kat, Nescafe and many more.

 

Peers
Company Name CMP
Nestle India 1371.85
Varun Beverages 434.60
Britannia Industries 4947.40
LT Foods 433.00
Hatsun Agro Product 1146.80
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