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

Business Standard LogoBusiness Standard6h ago

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

Quick Summary:

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.

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.


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Article Details

Category: BusinessFinance

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 21:32:54 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 330 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24601054

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