by Sanath Nanayakkare
Amidst the weakening of the rupee, there exists two constructive gains for Nestle, a corporate update issued by First Capital on Nestle Lanka Plc. states.
# 1. Nestle products become further price competitive in international markets.
# 2. The inflow of foreign exchange,
Coconut Milk Powder is the salient product boosting export revenue contribution to 20% supported by Nestomalt and Milo, it notes.
The update further says:
the back of revival in volumes supported by Maggi noodles and Maggi Coconut Milk Powder.
The negativity attached in the recent past regarding the sugar content in Milo and excessive lead as well as mislabeling over flavour enhanced MSG in Maggi noodles have been handled by the company by taking necessary measures of reducing sugar content and better product awareness, First Capital Research notes.