Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
Apr, 13 2018

Parle Aims 20,000 Cr Turnover In Next 5 Years

Parle company aims to be a total food company by filling in the gaps in its offerings.

India’s leading biscuits and confectionery maker, Parle Products, is planning to consolidate its position in the Indian market. The company aims to double its turnover in the next five years.

“If you look at Parle as a company, we have always been known for biscuits and confectionery. But we have got into quite a few categories over the last two years. We have entered into the bakery items segment like cakes and rusk, high-end chocolates, snacks and of late into pulses. So, I think now is the time to consolidate before we move forward and get into new categories," said Mayank Shah, Category Head, Parle Products in an interview.  

“Quite a few categories are moving over from unorganised to organised segments since consumers have started moving from unorganised to organised segments. One category which has seen conversion is bakery items. Then there are categories like gluten-free products, which have small and niche markets. However, we are at least a decade away from getting into that kind of specialised offerings. These categories are too small for big players like us to cater to," he further added.

Going further, the company aims to be a total food company by filling in the gaps in its offerings.

“Eventually, we are looking at several other categories and whenever and wherever there are opportunities, we would grow into a total food company,” he further said.

Comment
Related opportunities
  • Tea and Coffee Chain
    About: The Tea Junction operates 25 outlets in the lovely city..
    Locations looking for expansion West bengal
    Establishment year 2004
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Saltlake West bengal
  • Healthcare Products
    About Us: Fitnesstack is a premier brand for Fitness and Bodybuilding..
    Locations looking for expansion Haryana
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Gyms and Fitness Centres
    About: EXTREME is an iconic lifestyle brand fuelled by the passion, creativity, and ..
    Locations looking for expansion Delhi
    Establishment year 1998
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Ice creams & Yogurt Parlors
    About Us Creamist-a venture of shaha food products is one of..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities