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Ban on Maggi to have no impact on bottom line: Uflex

The company in a statement said that its packaging portfolio is evenly spread out among several top notch brands and the Maggi, as part of its portfolio, does not add significantly to its bottom line.

June 16, 2015 / 18:23 IST
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Packaging firm Uflex, which supplies packing material to Nestle's Maggi, on Monday said its revenue would be not be affected by the recent ban on the instant noodles brand.

The company in a statement said that its packaging portfolio is evenly spread out among several top notch brands and the Maggi as part of its portfolio does not add significantly to its bottom line.

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"In the wake of recent developments surrounding Maggi noodles, we would like to clarify that the recent incidents pertaining to Maggi does not affect the bottomline of Uflex in any way," the company said.

It further said that its revenue growth will continue at its pace due to its diverse reach in the local as well as global market. "The recent banning of Maggi noodles will have no negative impact on Uflex's turnover as the company is on a higher growth trajectory both in India and overseas market," it added.