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Nestle plans to launch more Maggi variants

22 Dec 2015 Evaluate

Nestle, one of the largest FMCG companies in India is planning to launch other variants of Maggi noodles such as oats noodles and cup noodles in next 3-4 months. The company relaunched Maggi masala noodles on November 9, five months after it was banned by the FSSAI following a Bombay High Court order. After its re-launch, the company has sold 50-60 million packs of Maggi noodles so far against 300-400 million units it used to sell in full year before crisis.

Nestle India is a subsidiary of Nestle S.A. of Switzerland. With eight factories and a large number of co-packers, Nestle India is a vibrant Company that provides consumers in India with products of global standards and is committed to long-term sustainable growth and shareholder satisfaction.

Peers
Company Name CMP
Nestle India 1360.60
Varun Beverages 431.00
Britannia Industries 4917.90
LT Foods 423.40
Hatsun Agro Product 1133.00
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