Hotline: 1800 102 2007
X
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
image
Related opportunities
  • Pizzeria
    Own the American Dream In India with U.S.Pizza! About Us: Since its..
    Locations looking for expansion Karnataka
    Establishment year 1998
    Franchising Launch Date 2002
    Investment size Rs. 30lac - 50lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Three wheeler (Auto) showroom
    About Us: Funded by Paytm, rocketship.vc & Snow Leopard Technology Ventures,..
    Locations looking for expansion Chandigarh
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 00
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chandigarh Chandigarh
  • Electric Two Wheelers
    About Us: Joy E-Bike: India’s one of the leading entrants in..
    Locations looking for expansion Gujarat
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Casual dine Restaurants
    About Us: As the name suggests, Dhadoom is a fun brand..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City 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