Parle Profit Rises Two Months After Company Warned Of Sacking 10000 Employees

  |   Sikkimnews

Parle Biscuit, the biscuit brand of Parle Products Private Limited, reported 15.2 per cent year-on year (YoY) growth in net profit for financial year 2018-19.

As per reports, Tofler, a business platform, revealed that the net profit of Parle Biscuits for the financial year 2018-19 was Rs 410 crore whereas it was Rs 355 crore for the financial year 2017-18.

Also read: Biscuit giant Parle to downsize workforce by 10,000 employees

The total revenue of Parle Biscuits grew 6.4 per cent YoY to Rs 9030 crore.

Revenue from operations grew nearly six per cent to Rs 8,780 crore from the previous financial year 2017-18.

Other income grew 26 per cent to Rs 250 crore in this financial year for the much popular biscuit brand....

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