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What Ching's Owner Capital Foods Could Bring To Nestle?
Shares of Nestle India Ltd. gained as much as 3.3% on the back of news that the consumer goods maker's parent is among the final bidders competing to acquire established Ching's sauces and noodles maker Capital Foods Pvt. "We can't comment anything on this now," said S Raghunandan, chief executive officer at Capital Foods, when BQ Prime contacted him on Friday. Nestle India declined to comment as well. Capital Foods has projected a top line of Rs 837 crore for FY23, with an Ebitda of Rs 118.59 crore and Ebitda margin of 14.17%. The current revenue run rate of Capital Foods is estimated at Rs 1,000 crore. Source -https://www.bqprime.com/business/what-chings-owner-capital-foods-could-bring-to-nestle
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