Parle Products

Parle Biscuits FY24 results: Profit jumps twofold to Rs 1,607 crore

Parle Biscuits has reported a twofold jump in profit at Rs 1,606.95 crore for FY24 while revenue from operations was up 2 per cent to Rs 14,349.4 crore. Total revenue was up 5.31 per cent at Rs 15,085.76 crore in FY24 helped by other income, according to financial data accessed through business intelligence platform Tofler. Parle Biscuits, a subsidiary of Parle Products, had reported a standalone profit of Rs 743.66 crore in FY23 and revenue from sale of products was at Rs 14,068.80 crore. Incorporated in September 1974, Parle Biscuits is a leading manufacturer of biscuits and confectionery. It owns popular brands such as Parle G. Parle Biscuits' advertising promotional expenses in FY24 were up 3.23 per cent to Rs 442.81 crore. This was at Rs 428.93 crore a year ago. Total tax expense of Parle Biscuits was Rs 499.4 crore in FY24. Total expenses were at Rs 12,979.41 crore, down 2.54 per cent year-on-year. Sharing the scenario and outlook, Parle Biscuits said FY24 was fulfilling an

Dark Parle G goes viral on X, a platform filled with hilarious memes

An image of Dark Parle G went viral on X; the microblogging platform is filled with memes and hilarious comments. Check some of the funny comments here

Not Britannia or Adani Wilmar: Which is the largest FMCG company in India?

ITC is now the largest FMCG company in India as it recorded food sales of Rs 17,100 crore during the first nine months of 2023-24

As pandemic impact wanes, regional players expand, challenge FMCG giants

The rusk market is one of the primary examples where local players give established companies a tough time. There are about 2,500 local players engaged in the rusk market

Parle tops Kantar's in-home FMCG brand ranking for 11th consecutive year

Britannia leads the way in the most chosen out-of-home (OOH) brand category, while Frooti was the most chosen out-of-home beverage

Parle in talks to acquire Polish biscuit brand dr Gerard, says report

dr Gerard was launched in 1993 and has over 200 varieties of biscuits and salty snacks. In 2013, it was acquired by Bridgepoint for an undisclosed sum

FMCG firms offer discounts, price cuts as raw materials get cheaper

Food companies are still in wait and watch mode

Parle Products remains most chosen FMCG brand for 10 years in a row: Report

The number of brands growing in terms of CRP improved in 2021 (70 per cent), over 2020 (56 per cent)

CCI blocks B2B platform Udaan's plea to procure Parle-G biscuits directly

Udaan also said it would be forced to procure Parle products from the biscuit major's existing distributor network

After 2-yr pandemic thrift, 'revenge spending' likely this festival season

The festival season kicks off with Onam end-August right through Diwali in October

How is 'shrinkflation' helping FMCG companies tide over rising input costs?

FMCG companies are struggling. They have now resorted to 'shrinkflation' to cope with the increased input cost, without passing on the price burden to consumers. Our next report tells more about it

FMCG categories see sharp downtrading in markets, shows data

According to Bizom, four out of six categories tracked are witnessing downtrading in rural markets, while five of six in urban markets have also seen a similar trend.

From biscuits to shampoos, prices of FMCG goods to rise again in January

Firms say hike needed to cover high input costs

PLI for food processing: Parle Products expects 20-25% growth in exports

Biscuits major Parle Products expects 20-25 per cent growth in exports on the back of the govt's PLI scheme in the food processing sector, for which it has received approval

Parle Products hikes biscuit prices by 5-10% as input cost soars

Leading food company Parle Products has increased the prices between 5 and 10 per cent across categories as the input cost has gone up substantially after the rise in prices of raw materials, such as sugar, wheat and edible oil, said a company official. In the biscuit segment, Parle, which owns popular brands such as Parle G, Hide & Seek and KrackJack, has increased the prices by 5-10 per cent and 7-8 per cent in the rusk and cake segments, respectively. The price of its most popular glucose biscuit Parle G is now up by 6-7 per cent. "We have taken a 5-10 per cent price hike," Parle Products Senior Category Head Mayank Shah told PTI. The company has increased the prices of biscuits and other products above Rs 20 and has reduced the grammage of below it to retain the attractive price points, he added. This is the first hike by Parle in this fiscal. Earlier, in the January-March 2021 quarter also, the company had gone for a price hike. "This is after considering the inflationary ..

Biscuit maker Parle Products forays into packaged wheat flour market

Parle-G, set up in 1929, operates in the biscuits, snacks, and confectioneries categories.

Parle Products to leverage on IBM hybrid cloud and AI to drive growth

With this, Parle hopes to find new ways to get its products to the consumer as the pandemic disrupts supply chain and mandates WFH for some employees

How Parle clocked the best-ever growth in last four decades during lockdown

The growth was phenomenal and as a result Parle was able to increase its market share by 4.5 to 5 per cent during the lockdown

Different Centre-state rules slow India Inc's bid to restart business

The Delhi government, in a major relaxation. has permitted everyone to go to office. But the Maharashtra government has gone to the other extreme by keeping offices closed till the end of May.

PepsiCo India's third food manufacturing plant gets nod to re-start work

Capacity utilisation at the two units is not more than 25%, but will increase as more people make their way back to work, according to industry sources