News

Parle Targets Double Turnover of Rs. 20,000 Crore In Next 5 Years

Sponsored

Parle G is one of the most recognised biscuits in India. However, Parle isn’t satisfied with just that. According to officials, Parle Products is aiming to double its turnover and cross Rs 20,000 crore in the next five years. They expect the staples and snacks segments to be its growth drivers in the coming years.

“We are at least looking at, by 2023-24 to double our turnover from here,” Parle Products category head Mayank Shah told reporters.Parle Products currently has a turnover of Rs 10,000 crore plus, he added.

Organic Growth

Shah further said, “This growth would be mostly going through the organic way rather than acquisitions. Eventually, we are looking at several other categories and whenever and wherever there are opportunities, we would grow into a total food company,” he said.

The confectionary company has got into snacks, bakery items like cakes and rusks and ventured into staples such as pulses. It is present in the premium chocolate segment.

Related Post

“While we consolidated our biscuits and confectionery portfolio, we felt that was not very innovative. In the last couple of decades, we have made movements as a whole food company rather than as a company, which has only couples of lines,” said Parle Products Category Head B. Krishna Rao. “Pulses is a big opportunity and it’s the future for us,” he said, adding, gradually, Parle would expand its presence to a pan-India level.

Parle Products expects its Platina range, which consists of Hide & Seek, Milano, Mexitos and Simply Good, to contribute as well to its plans to double sales turnover.

Christina George

Compulsive junk food eater, football watcher, and book reader. Hate the unicorn trend, love laughing at my own jokes; also, sometimes I write about food.

Share Now
Published by

Recent Posts

The wait is over for Chocolate lovers in Pune: SMOOR expands into the Pune Market

The brand has inaugurated its first offline store in Koregaon Park. Pune/September 22/Thursday:  SMOOR, a leading…

2 weeks ago

SMOOR organises an extravagant event in Bangalore to commemorate its latest collaboration with Australian celebrity Sarah Todd

The event, held on 8th September, consisted of an interactive masterclass with Sarah to inspire Indian…

3 weeks ago

This Independence Day, National Geographic to premiere ‘Buried Seeds’; the inspiring journey of world-renowned Indian Chef Vikas Khanna

“Buried Seeds uncovers many memories and emotions that were hidden inside me for so long”…

1 year ago

What’s cooking between National Geographic and Chef Vikas Khanna ahead of Independence Day

  National Geographic, a brand known for its rich legacy of authentic and impactful storytelling…

1 year ago

7 Appliances That Will Make Your Time In The Kitchen A Little Easier

  The world today has no time to stop and no time to waste. Everything…

1 year ago

Coverture Chocolates : SMOOR

  A brand that crafts the ultimate indulgence experiences with couverture chocolates brings a set…

1 year ago