Nestle On Maggi Ban

A year after Maggi made a comeback following a ban of eight months, Nestle India is looking to consolidate its leadership position in the noodles segment, and re-grow the overall category that has shrunk due to trust issues with consumers over food safety.

Nestle said Maggi noodles in India has reported sustained recovery, regaining market share in the country almost a year after it was relaunched following a five-month ban in 2015.

Within nine months of its re-launch, Maggi noodles now accounts for 57.1 per cent market share of the instant noodles segment riding on its marketing /branding initiatives and new variants.

Rebounding from losses after ban on its Maggi noodles last year, FMCG major Nestle India on Friday reported net profit of Rs 230.84 crore for the second quarter ended June 30.

Having 'weathered' the Maggi storm, Nestle India is embarking on a product offensive, launching up to 25 products across various categories to fend off 'disruptive competition' from new rivals like Patanjali.

FMCG major Nestle on Monday said its popular Maggi has cleared tests conducted by Central Food Technological Research Institute (CFTRI) under a Supreme Court directive, reiterating that its instant noodles brand is safe for consumption.

Government today rejected suggestions that the five-month ban Swiss giant Nestle's Maggi noodles was in retaliation to the European Union's clampdown on marketing of 700 generic drugs for alleged manipulation of clinical trials by GVK Bio.

The Supreme Court has asked a government laboratory in Mysore to clarify whether its tests on Maggi noodles show lead and monosodium glutamate or MSG within safe limits.

A month after Nestle India relaunched Maggi noodles in the domestic market, the company on Monday said it will launch other variants of the brand such as oats noodles and cup noodles in 3-4 months.

The Supreme Court sought the central government's response on Nestle India's plea challenging the "legality and correctness" of the NCDRC order directing testing of 16 samples of Maggi noodles to ascertain their safety for consumption.

The Supreme Court on Friday sought a response from Maggi noodles manufacturer Nestle India Ltd and Maharashtra on a plea filed by the Food Safety Standards Authority of India (FSSAI) against the Bombay High Court verdict lifting ban on nine variants of the fast food and asking the company to go for fresh tests.

After remaining at loggerheads with the government over ban on Maggi noodles, Nestle India was today listed among the top suppliers of food and beverage products for people affected by heavy rains in Chennai.

FMCG major Nestle India, recovering after the lifting of ban on its popular instant noodles Maggi, on Friday declared a second interim dividend for 2015 at Rs 16 per share, amounting to Rs 154.26 crore.

Nestle India on Monday said it has resumed production of Maggi noodles at all five facilities in India.

Nestle India, which was hit hard by a ban on its popular instant noodles Maggi during the year, today said the company may consider a second interim dividend for the current fiscal.

A year after Maggi made a comeback following a ban of eight months, Nestle India is looking to consolidate its leadership position in the noodles segment, and re-grow the overall category that has shrunk due to trust issues with consumers over food safety.

Nestle said Maggi noodles in India has reported sustained recovery, regaining market share in the country almost a year after it was relaunched following a five-month ban in 2015.

Within nine months of its re-launch, Maggi noodles now accounts for 57.1 per cent market share of the instant noodles segment riding on its marketing /branding initiatives and new variants.

Rebounding from losses after ban on its Maggi noodles last year, FMCG major Nestle India on Friday reported net profit of Rs 230.84 crore for the second quarter ended June 30.

Having 'weathered' the Maggi storm, Nestle India is embarking on a product offensive, launching up to 25 products across various categories to fend off 'disruptive competition' from new rivals like Patanjali.

FMCG major Nestle on Monday said its popular Maggi has cleared tests conducted by Central Food Technological Research Institute (CFTRI) under a Supreme Court directive, reiterating that its instant noodles brand is safe for consumption.

Government today rejected suggestions that the five-month ban Swiss giant Nestle's Maggi noodles was in retaliation to the European Union's clampdown on marketing of 700 generic drugs for alleged manipulation of clinical trials by GVK Bio.

The Supreme Court has asked a government laboratory in Mysore to clarify whether its tests on Maggi noodles show lead and monosodium glutamate or MSG within safe limits.

A month after Nestle India relaunched Maggi noodles in the domestic market, the company on Monday said it will launch other variants of the brand such as oats noodles and cup noodles in 3-4 months.

The Supreme Court sought the central government's response on Nestle India's plea challenging the "legality and correctness" of the NCDRC order directing testing of 16 samples of Maggi noodles to ascertain their safety for consumption.

The Supreme Court on Friday sought a response from Maggi noodles manufacturer Nestle India Ltd and Maharashtra on a plea filed by the Food Safety Standards Authority of India (FSSAI) against the Bombay High Court verdict lifting ban on nine variants of the fast food and asking the company to go for fresh tests.

After remaining at loggerheads with the government over ban on Maggi noodles, Nestle India was today listed among the top suppliers of food and beverage products for people affected by heavy rains in Chennai.

FMCG major Nestle India, recovering after the lifting of ban on its popular instant noodles Maggi, on Friday declared a second interim dividend for 2015 at Rs 16 per share, amounting to Rs 154.26 crore.

Nestle India on Monday said it has resumed production of Maggi noodles at all five facilities in India.

Nestle India, which was hit hard by a ban on its popular instant noodles Maggi during the year, today said the company may consider a second interim dividend for the current fiscal.