After ban Maggi regains 50% market share in India
FollowAfter being yanked off Indian shelves on allegations of high lead levels, Maggi noodles has managed to garner 50% market share in five months of its relaunch, Nestle India said Looking to claw back its market share in the instant noodles segment, Nestle India has also relaunched vegetable atta noodles and oats variants of Maggi.
"With the latest relaunch, we are aiming to provide more choices to suit consumer preferences, driving greater volumes and building back our market share. I am happy that we have gained month-on-month and continue to lead noodles category with over 50% market share," Nestle India Chairman and Managing Director Suresh Narayanan said.
The company has partnered e-commerce marketplace Snapdeal for an exclusive preview sale of a special kit for four packs each, Nestle India said in a statement.At present, Maggi noodles is available in two variants -- Masala and Chicken.
Nestle had relaunched Maggi in November after it went off the market for five months due to a ban by central food safety regulator FSSAI over alleged presence of lead beyond permissible limits.Last week, its parent firm Nestle SA said India business is "recovering faster than anticipated" although the performance will continue to impact the company's showing in Asia, Oceania and sub-Saharan Africa (AOA) region.
Nestle had relaunched Maggi on November 9 after fulfilling conditions set by the Bombay High Court, which lifted ban imposed by FSSAI and Maharashtra FDA, which banned the product citing excessive lead content and MSG. On April 11, Central Food Technological Research Institute had cleared Maggi instant noodles for consumption
