parle
Confectionery vertical contributes around 13-15 per cent of the entire business of Parle.
Parle seeks to be on a roll with Rol a Cola comeback, eyes Rs 100 cr sales
02 Oct 2019 11:51 AM

Company is looking at sales of around Rs 50-60 crore during the remaining part of the ongoing fiscal.

Earlier, biscuits priced below Rs 100 per kg were exempted from the excise duty. Hence, low priced biscuits had to pay 14% tax, and the rest 22% to 24%.
Parle may lay-off 10,000 as GST, slowdown hurt
22 Aug 2019 1:22 AM

The crisis started with the introduction of GST and became acute with the slowdown.

Parle, founded in 1929, employs about 100,000 people, including direct and contract workers across 10 company-owned facilities and 125 contract manufacturing plants.
Parle may cut up to 10,000 jobs amid slowdown, falling demand
21 Aug 2019 1:07 PM

Parle is not the only food product company to have flagged slowing demand.

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