Kathmandu. Cg Foods, a subsidiary of Chaudhary Group, has seen a decline in business compared to last year. Cg Foods, which sells YY brand noodles in Nepal, saw a decline of Rs 840 million in 2024 compared to 2023.

The company has a turnover of Rs 11.67 billion in 2024. The company had a turnover of Rs 12.51 billion in 2023.

Cg Foods Nepal’s business has also decreased in the last nine months of the current fiscal year. In 2024, the company’s business declined by Rs 2.39 billion to Rs 5.07 billion from Rs 8.10 billion in 2024.

On the other hand, the company has a rating of Rs 995.5 million for short-term loans. Rating agency ICRA Nepal has given ‘ICRA A-1’ rating to this company’s debt. This rating has analyzed the company’s debt or liability as a debt with a high probability of repaying it on time.

CG Foods is the oldest industry under the Chaudhary Group. The company has three different proprietary subsidiaries. The company has been producing fmcg products such as noodles, beverages and snacks and selling them in the Nepali market. The company, which started its business business in 1984, has been doing business in the Nepali market by entering into an agreement with Thai Preservm Food Factory.

The company is manufacturing and doing business by producing rio, quick and other items. Nirvan Chaudhary holds 76 per cent stake in the company, MS Apollo Investments 20 per cent, Varun Chaudhary 4 per cent, Rahul Chaudhary 0.2 per cent and the remaining three. The company was transformed into a public company in 2023.