Published on : Nov 05, 2015
After clearing all the laboratory tests as prescribed by the Bombay High Court Maggi is all set to relaunch itself this month. Nestle India stated that their instant noodles have passed all the tests that were mandated by the Bombay High Court. However, due to a few technical issues, the company’s sales might get affected in some states of India such as Uttarakhand, Manipur, Tripura, Bihar, Delhi, Nagaland, and Maharashtra. Only last month two states in India, namely Gujarat and Karnataka, restarted the Maggi sale.
The company stated that they have received results from the three National Accreditation Board for Testing and Calibration Laboratories that were suggested by the Bombay High Court to test the new samples of Maggi Noodles. The results show that Maggi’s lead content is way below the permissible limit. The company further added that it will try to restart the sale of Maggi Noodles at the end of this month and work on getting an access to the states where hurdles still exists.
FSSAI banned the sale of Maggi Noodles earlier this year due to a rumor that it contained excessive lead and monosodium glutamate (MSG). The ban lead to a huge loss for the company as it depended on the iconic brand for its significant revenue. About 25% or INR2,500 crore of annual revenue for 2014 was due to Maggi Noodles.
The ban led to a dip of 60% or INR124 crore in Q3 net profit as opposed to INR311 crore in the same period last year.