Some interesting facts about Nestle India -

55% profit from infant milk powder (1.5 bn $ per annum industry in India alone, Nestle market share is 97%)
30% profit from Maggi
4/5th of Free cash flow from Infant milk powder alone
So why don’t other companies compete with nestle for such big profits? Due to classification of infant milk powder as a prescription drug, no new licenses in past 15 years, and no advertising. Also, it can be only sold at pharmacists, not in stores/Kirana.
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