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Noodles market News
Can Maggi noodles help Nestle India's post a better Q1 profit?
Thu, May 11, 2017
Abneesh Roy, Tanmay Sharma and Alok Shah analysts at Edelweiss Financial Services said, “Demonetisation led to impact of INR1bn during Q4CY16 and we beleive that impact will recede in Q1CY17 significantly. Owing to the Maggi issue in the base, Nestle will see better growth rate and we expect revenue growth of ~12% YoY in Q1CY17 on base of dip of 8.7% YoY."
Maggi with 57% share regains top slot in instant noodles market
Tue, Aug 23, 2016
Nestle has launched four variants of Maggi Cuppa Noodles and Maggi Hotheads each.