Parle Agro

Parle Agro, which operates in the beverage market with brands such as Frooti, Appy, SMOODH and Bailley, has reported a 12.3 per cent decline in its consolidated revenue to Rs 3,126.06 crore for FY24, according to an RoC filing from the company. Its total profit plummeted 89.1 per cent to Rs 17.29 crore for the financial year ended on March 31, 2024, according to financial data accessed through the business intelligence platform Tofler. Parle Agro Pvt Ltd, an unlisted entity which operates in the Indian beverage industry, posted revenue from operations of Rs 3,565.96 crore and a profit of Rs 158.78 crore in FY23. The total consolidated income of Prakash J Chauhan-led Parle Agro was 12.15 per cent lower at Rs 3,209.43 crore in FY24. The same stood at Rs 3,653.48 crore in FY23. Its revenue from domestic sales was Rs 3,061.10 crore and exports at Rs 26.81 crore in FY24. The company's 'advertising promotional expenses' were 17.7 per cent higher at Rs 278.38 crore in FY24 compared to Rs

FMCG sales in August grew by 6.3 per cent sequentially, according to the latest data from Bizom. Sales had been declining for the previous three months

With 19 single-use plastic items banned from July 1, including the straws, companies including Dabur India Ltd. and Parle Agro Pvt, have been racing to replace them with imported paper versions

It is gearing up to make the six billion paper straws per annum needed by FMCG companies

Juice and beverage giants struggle to meet the impending ban on single-use plastics

K Ganesh, Juggy Marwaha and Venkat K Narayana of Bangalore-based KVN Foundation started by dishing out a modest 500 free meals on March 28 in the FeedMyBangalore campaign

According to information shared by business platform Tofler, Parle Biscuits' FY19 net profit was Rs 410 crore versus Rs 355 crore reported the previous year

With Priyanka Chopra, Shah Rukh Khan as ambassadors and an ad budget of Rs 150 crore, Parle Agro gives its brands a complete makeover