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Parle Agro's Profit Tumbles by 89.1% in FY24

Parle Agro's Profit Tumbles by 89.1% in FY24 Parle Agro, a prominent player in the beverage market with well-known brands like Frooti and Appy, has experienced a substantial decrease in its financial results for the fiscal year 2024. The company's consolidated revenue fell by 12.3% to Rs 3,126.06 crore, as revealed in a recent RoC filing.The decline was even more pronounced in profits, dropping 89.1% to Rs 17.29 crore, as per data retrieved from Tofler's business intelligence platform. This is a stark contrast to the previous fiscal year, where revenue from operations was Rs 3,565.96 crore and profit stood at Rs 158.78 crore.Despite boosting its advertising promotional expenses by 17.7% to Rs 278.38 crore, Parle Agro's total consolidated income for FY24 was 12.15% lower than the previous year. The firm, led by Prakash J Chauhan, attributed the downturn to decreased domestic sales and export revenue.

Parle Agro, a prominent player in the beverage market with well-known brands like Frooti and Appy, has experienced a substantial decrease in its financial results for the fiscal year 2024. The company's consolidated revenue fell by 12.3% to Rs 3,126.

06 crore, as revealed in a recent RoC filing. The decline was even more pronounced in profits, dropping 89.1% to Rs 17.

29 crore, as per data retrieved from Tofler's business intelligence platform. This is a stark contrast to the previous fiscal year, where revenue from operations was Rs 3,565.96 crore and profit stood at Rs 158.

78 crore. Despite boosting its advertising promotional expenses by 17.7% to Rs 278.

38 crore, Parle Agro's total consolidated income for FY24 was 12.15% lower than the previous year. The firm, led by Prakash J Chauhan, attributed the downturn to decreased domestic sales and export revenue.

(With inputs from agencies.).