For health-conscious foodies, homemade noodles are fast gaining traction. Amidst this, a video of a ‘Jaipur Aunty’ has caught the internet’s attention for making noodles right from scratch. It has drawn mixed reactions, with some praising her efforts, while others questioned the hygiene of her equipment
Indian imports of noodles, pasta and other delicacies from South Korea stood at $12 million in FY24, rising from $1.5 million in FY20
'Ordered Japanese miso ramen chicken from Auntie Fug's and found a cockroach in my meal!' wrote Zomato customer Sonai Acharya.
Companies such as Dabur India and The Himalaya Drug Co are witnessing high demand for immunity boosters like chyawanprash and honey.
Wai Wai enjoys close to 25 percent market share with some states having a share in excess of 60 percent.
According to a survey conducted by Nielsen India, around 22 percent consumers found ready-to-eat meals out of stock.
India's largest multinational flexible packaging materials and Solution Company Uflex Limited has reported a 22% rise in consolidated net profit for Q4 FY 2016-17 as compared to the same period in the previous fiscal.
Even though Maggi is on an improving trajectory and market share seems to be stabilising in the mid to high 60s, Citi has cut forecasts in 2016 by 3 percent/ 9 percent / 9 percent respectively.
On Storyboard this week we have A] Ad veteran Ambi Parameswaran launches a new book with a very interesting name Nawabs, Nudes, Noodles; B] How is Taj Hotels, Resorts and Palaces delivering more engaging experience to their consumers; and C] We get to see how Coke is paying tribute to Pepsico's former Chief Executive Roger Enrico.
The FMCG major has said that Q1 results were impacted by Maggi Noodles Issue in 2015.
Sales decline may moderate in Q1CY16 due to few more Maggi variants released in the quarter. During the period, EBITDA may slip 27 percent at Rs 445 crore compared to Rs 610 crore while EBITDA margin is seen at 20.5 percent versus 24.2 percent year-on-year. EBITDA margin will be impacted by start-up costs of noodles.
The second batch of 16 samples were tested not only for lead and taste enhacer MSG, but also for other safety parameters like metal contaminants, crop contaminants, toxic substances that are applicable to instant noodles as a proprietary food.
CNBC-TV18's Poornima Murali takes you inside Nestle's factory in Karnataka to find out what steps have been taken by the company to put all the safety concerns to rest.
Commenting on the comeback journey of Maggi, Narayanan said: "Distribution of Maggi has almost reached 75 to 80 percent of what we were earlier at. When the other variants would come then I hope that we would be able to catch-up the balance part of the distribution. We are on the road to recovery."
The year 2015 took India's food industry by storm. Swiss food major Nestle grappled with its worst ever crisis in the country - the ban and recall of Maggi noodles in India.
The High Court had ruled that the advisory does not have any statutory backing, but FSSAI had approached the apex court against the verdict. Yesterday, the Congress took a dig at the yoga guru, saying he has developed a new asana called "Noodle asana" which allows him to produce noodles without any regulation.
After a five month ban, Maggi is all set to make a comeback. The instant noodles will be available around the country starting today. CNBC-TV18 caught up with Nestle India's Managing Director Suresh Narayanan.
"Most states do not have a ban on sale of Maggi Noodles. For states where specific directions are required we are engaging with them," a company statement said.
Shares of Nestle India jumped 4 percent intraday as it is bringing back its controversy-laden Maggi Noodles this month.
Nestle India‘s September quarter missed street estimates as net profit slumped 60 percent to Rs 124.2 crore from Rs 311.3 crore in corresponding quarter last fiscal. During the period, net sales fell 32.1 percent to Rs 1736.2 crore (year-on-year) largely due to impact of Maggi noodles.
Nomura maintains buy rating on the stock and believes that Maggi noodles should be seen on the shelves soon. It says that there would be a short-term impact on sales and profitability of the company for a few quarters, but the company should be able to fix the product and bring it back to the market.
The company said it will now commence manufacturing and will sell "only after the newly manufactured products are also cleared by the designated three laboratories".
A bench, headed by Justice V K Jain, issued notice to the government on the company's plea and sought response by October 8.
Net sales in the quarter decreased largely due to impact of Maggi noodles issue. Its net sales worth Rs 288.4 crore was reversed in Q1 due to withdrawal of Maggi noodles from market.
Clarifying media reports in this regard, he said he never mentioned the test reports of Central Food Technological Research Institute (CFTRI) nor about the credibility of the government relating to foreign investment.