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BUZZ-India's Hindustan Unilever may get a boost; co plans to launch Knorr-report

Reuters - UK Focus

** India's Hindustan Unilever (BSE: HINDUNILVR.BO - news) (HUL) plans to launch Knorr instant noodles - Economic Times report (http://bit.ly/1wYNip8)

** Report adds Knorr will compete with Nestle India (BSE: NESTLEIND.BO - news) 's Maggi noodles

** Knorr is HUL parent Unilever PLC (NYSE: UL - news) 's largest food brand - analysts

** Maggi has over 70 pct market share in India's instant noodles market

** If successful it would be a huge revenue and valuation boost for HUL in medium term - analysts

** HUL trades at 44.63 times of 1-year forward earnings vs 47.5 times of Nestle India - Thomson Reuters Eikon data

** HUL is up 27.3 pct YTD compared with Nestle India's 14.3 pct

(Reuters Messaging: abhishek.vishnoi.thomsonreuters.com@reuters.net)