Home / Business and Economy / Britannia Tops Charts as Indian Biscuit Market Booms
Britannia Tops Charts as Indian Biscuit Market Booms
18 Jan
Summary
- Parle Products revenue grew 8.5% to ₹15,568.49 crore in FY25, but profit slipped.
- Britannia Industries leads as the largest biscuit company with ₹17,942.67 crore revenue.
- India's biscuit market is projected to reach ₹1.64 lakh crore by 2030.
In the fiscal year ending March 31, 2025, Parle Products recorded an operational revenue increase of 8.5%, reaching ₹15,568.49 crore. However, its profit saw a substantial decrease of 39%, settling at ₹979.53 crore. This performance contrasts with Britannia Industries, which solidified its position as the country's largest biscuit and confectionery company, reporting consolidated revenue from operations of ₹17,942.67 crore for the same period.
The broader Indian biscuit market is exhibiting strong upward momentum. Currently valued at ₹1.16 lakh crore, it is forecast to grow at a compound annual growth rate of 6.8%. Industry experts anticipate the market to expand to ₹1.64 lakh crore by 2030, reflecting increasing consumer spending and evolving tastes. Both established players like Parle and Britannia, along with emerging competitors such as ITC, are vying for market share.
Consumer trends are shifting, with a notable move from traditional glucose biscuits to artisanal cookies catering to urban demographics. Biscuits are increasingly perceived as versatile comfort food, encompassing convenience, health benefits, and indulgence. Innovations in flavors and ingredients, along with the competitive pricing strategies of regional players, are further fueling market dynamism.
