A Strategic Pivot for Market Dominance Parle Products, India’s largest biscuit manufacturer, has officially reversed its long-standing no-return policy for expired inventory. This decision, announced this week, follows mounting pressure from the Food Safety and Standards Authority of India (FSSAI) and a significant accumulation of approximately ₹100 crore in unsold, expired stock across its distribution…
The ‘Melody’ Misunderstanding An unexpected stock market anomaly occurred in India this week when shares of Parle Industries Limited surged by five percent, hitting the upper circuit on the Bombay Stock Exchange (BSE) following a high-profile diplomatic gesture by Prime Minister Narendra Modi. The rally was triggered by a viral ‘Melody moment’ during which the…
A Rising Global Appetite for Indian Sweets Indian confectionery exports have experienced a monumental surge over the last decade, with Commerce Ministry data revealing a 166 percent increase in international demand for toffees and caramel-based sweets. This growth, which saw export values climb from Rs 49.68 crore in 2013-14 to Rs 132 crore by the…