Parle Agro FY24 revenue down 12% to Rs 3,126 crore, profit slides 89% to Rs 17 crore

Parle Agro, which operates successful the beverage marketplace with brands specified arsenic Frooti, Appy, SMOODH and Bailley, has reported a 12.3 per cent diminution successful its consolidated gross to Rs 3,126.06 crore for FY24, according to an RoC filing from the company.

Its full nett plummeted 89.1 per cent to Rs 17.29 crore for the fiscal twelvemonth ended connected March 31, 2024, according to fiscal information accessed done the concern quality level Tofler.

Parle Agro Pvt Ltd, an unlisted entity which operates successful the Indian beverage industry, posted gross from operations of Rs 3,565.96 crore and a nett of Rs 158.78 crore successful FY23.

The full consolidated income of Prakash J Chauhan-led Parle Agro was 12.15 per cent little astatine Rs 3,209.43 crore successful FY24. The aforesaid stood astatine Rs 3,653.48 crore successful FY23.

Its gross from home income was Rs 3,061.10 crore and exports astatine Rs 26.81 crore successful FY24.

The company's 'advertising promotional expenses' were 17.7 per cent higher astatine Rs 278.38 crore successful FY24 compared to Rs 236.49 crore a twelvemonth ago.

Its full expenses were Rs 3,194.28 crore, down 8.19 per cent successful FY24.