Patanjalis noodles will soon oust Maggi as top brand: Ramdev

Patanjali atta noodles will soon oust Maggi as the top noodles brand in the country. Currently from about a 100 tonnes, our production of atta noodles will be increased to 300-500 tonnes, Ramdev told reporters at a conference here.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead master your money Realasset
moneycontrol.com

Home » News » Business

Jan 11, 2016, 09.40 AM | Source: PTI

Patanjali's noodles will soon oust Maggi as top brand: Ramdev

"Patanjali atta noodles will soon oust Maggi as the top noodles brand in the country. Currently from about a 100 tonnes, our production of atta noodles will be increased to 300-500 tonnes," Ramdev told reporters at a conference here.

Like this story, share it with millions of investors on M3

Patanjalis noodles will soon oust Maggi as top brand: Ramdev

"Patanjali atta noodles will soon oust Maggi as the top noodles brand in the country. Currently from about a 100 tonnes, our production of atta noodles will be increased to 300-500 tonnes," Ramdev told reporters at a conference here.

Post Your Comments

Share Cancel

Patanjalis noodles will soon oust Maggi as top brand: Ramdev
Yoga guru Ramdev today said Patanjali's atta noodles is on course to oust Maggi as the top noodles brand in the country in the next few years, and the 'swadeshi' FMCG company will overtake all multinational firms in the consumer goods space, barring Hindustan Unilever (HUL).

"Patanjali atta noodles will soon oust Maggi as the top noodles brand in the country. Currently from about a 100 tonnes, our production of atta noodles will be increased to 300-500 tonnes," Ramdev told reporters at a conference here.

"Barring HUL, we will overtake all other multinational companies. These companies are taking money out of the country," he added.

Patanjali, which is slowly capturing bigger share in market by introducing array of products at a lower price, will also divert 100 percent of its profits towards social service, he said.

He added that Patanjali is keeping its production costs low compared with MNCs, in order to keep the product price reasonable. In the next five to seven years, Patanjali expects to earn profits of Rs 5,000 crore to Rs 10,000 crore, and will divert it to non-profitable causes.

Ramdev said that his persistent campaign against black money and corruption over the last five years has created awareness among masses, but it will take time for the government to fulfill the aspirations of the people.

"We have been persistently campaigning against black money and corruption since the last 5 years. The result is that people are aware of realities. Also, the country got rid of dynasty politics and a man from a humble background, who sold tea for a livelihood became the Prime Minister.

But, it will take some time (for the government) to fulfill all the aspirations of the people," he said.

Ramdev is also planning to open a chain of schools across the country, based on vedic-cum-modern education called Acharyakulam, for which he is awaiting government permission.

"We will build a self-sustainable model, and every state should have 2 to 3 such educational institutions," he said.

HUL stock price

On May 31, 2016, Hindustan Unilever closed at Rs 849.90, down Rs 4.85, or 0.57 percent. The 52-week high of the share was Rs 944.00 and the 52-week low was Rs 765.35.


The company's trailing 12-month (TTM) EPS was at Rs 18.87 per share as per the quarter ended March 2016. The stock's price-to-earnings (P/E) ratio was 45.04. The latest book value of the company is Rs 36.08 per share. At current value, the price-to-book value of the company is 23.56.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Patanjalis noodles will soon oust Maggi as top brand: Ramdev

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login