Maggi controversy has done a great damage to not only the revenue of the Nestle but also great damage to the goodwill of the company. Maggi contributed about 20-30% to the total sale of Nestle. The average monthly sale is estimated to be Rs 200 crore.
According to the analyst, Prabhudas Lilladher, Amnish Aggarwal and Gaurav Jogani, the Nestle India recovery will be a long haul after the Maggi controversy, this may have far reaching consequences for not only Nestle but entire food processing and FMCG industry”.
Other Top Headlines of the Day
- Executives and staff of the Nestle have sleepless nights and cancelled leaves due to Maggi issue.
- Stock of Nestle has lost another 7.5% on Monday.
- Kolkata Municipal Corporation has cleared all the test of Maggi and found safe for human consumption.