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PARLE Is The Market Leader in The Organized Biscuit and Candy Market in India
PARLE Is The Market Leader in The Organized Biscuit and Candy Market in India
PARLE Is The Market Leader in The Organized Biscuit and Candy Market in India
Biscuits
contribute to more than 80% of Parle’s total turnover. Other products include cookies
and candys. The biscuit market in India is estimated to be 1.1mn tpa, valued at
Rs35bn. The unorganized sector accounts for over 50% of the market. The market has
been growing at a CAGR of 6-7% pa. Per capita consumption of biscuits is estimated at
a low 1.5kgs, reflecting the huge potential for growth. Manufacturing was reserved for
small-scale up to 1997, which put large players at a disadvantage. In the organized
sector, Parle and Britannia are the only national players with dominant market shares.
Other organized players include domestic players like Bakeman’s, Champion, Quality,
Priya and MNC’s like Smith Kline Consumer, Kellogg’s, Sara Lee, Heinz, Excelsia
(Nestle) and United Biscuits.
INTRODUCTION TO THE ORGANIZATION
Board of Directors
Board of Directors as on
Plant location :
MUMBAI
NIMRANA
BAHADURGARH
BANGLORE
Parle core businesses constitute of Bakery and Candy products. Bakery products
account for 90% of the revenues. Candy products contribute to 10% of Parle’s
Revenues from biscuit were Rs11.07bn in FY01. The company sold 214,214 tons
of biscuits registering a volume growth of 11% yoy. Biscuit sales in value terms
registered a 13.2% yoy growth. Parle has a 40% volume share and 48% value
market share in the organized biscuit market. The company presently has an
installed capacity of 111,000 tons for biscuits. Production in FY01 was 59657 tons
against 62034 tons in FY00. Over 70% of biscuits sold are outsourced by the
company.