Nongshim Raises Instant Noodles Prices
Nongshim announced that it plans to increase the prices of its instant noodles and snack products starting next week.
Nongshim plans to raise the retail prices of 14 instant noodle products by 7.2% on average and three snack products by 7.4% starting Monday (10 March).
We estimate the consensus to raise their earnings estimates by 5-10%+ in 2025 and 2026, driven by the higher product prices of major instant noodles and snacks.
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