MoneyWorks4Me

Nestle India hikes price of Magi Noodle Pack by 5.5%

07 Jan 2014 Evaluate

Nestle India has raised price of 450 gram of Magi Noodle Pack by 5.5% to Rs 58. Moreover, the company has increased Milkmaid price by 3% to Rs 92 per pack.

Recently, the company’s parent company announced that it is planning to invest up-to $1 billion to hike stake in its Indian arm -- Nestle India.

Nestle 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 1384.15
Varun Beverages 441.80
Britannia Industries 4910.10
LT Foods 417.25
Hatsun Agro Product 1120.80
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