Parle Products Ltd reported an 8.5% year-on-year increase in operational revenue to ₹15,568.49 crore in FY25, even as its profit declined sharply amid rising costs and intense competition, according to regulatory filings accessed via business intelligence platform Tofler.
The maker of Parle-G, Hide & Seek and Monaco posted a 39% drop in profit to ₹979.53 crore for the financial year ended March 31, 2025. Its total income, including other income, rose 7.32% to ₹16,190.98 crore during the year.
Despite Parle’s revenue growth, Britannia Industries Ltd continued to lead India’s biscuit and confectionery market. The listed FMCG major recorded consolidated revenue from operations of ₹17,942.67 crore in FY25, maintaining its position as the country’s largest player in the segment.
Britannia, which owns brands such as Good Day, Tiger, NutriChoice and Marie Gold and has also diversified into dairy and snacks, has consistently outpaced Parle in recent years. In FY24, Britannia’s revenue from operations stood at ₹16,546.21 crore, nearly 15.3% higher than Parle Products’ ₹14,349.40 crore.
Parle Products, an unlisted company, has traditionally focused on the mass and rural markets but is now attempting to strengthen its presence in the premium segment through its ‘Platina’ range.
Meanwhile, Mondelez India Foods—known for Oreo, Bournvita Biscuits and the recently licensed Lotus Biscoff—reported a 1.91% decline in revenue from operations to ₹12,502.95 crore in FY25. Its profit fell steeply by 99.4% to ₹12.47 crore during the year.
According to an India Brand Equity Foundation (IBEF) report, the Indian biscuit, cookies and crackers market was valued at ₹1.16 lakh crore (USD 13.58 billion) in 2025. With a projected compound annual growth rate (CAGR) of 6.8%, the market is expected to reach ₹1.64 lakh crore (USD 18.87 billion) by 2030.
Beyond the big players, competition is intensifying from ITC, with brands such as Marie Light and Dark Fantasy, and from strong regional manufacturers including Anmol Industries and Surya Foods (Priya Gold). These companies are gaining share through aggressive pricing, regional flavour preferences and deep local distribution networks.
Industry observers note that the biscuit market is undergoing a transition, driven by rising disposable incomes, urbanisation and changing consumer preferences. While glucose biscuits remain staples, demand is growing for premium and artisanal cookies, health-focused variants, and products featuring ingredients such as oats, nuts and low-sugar formulations.
With inflation easing, regional players have stepped up competitive intensity in their core markets. Britannia has previously indicated that it is prepared with a “war chest” and a highly localised strategy—viewing India as “many countries within one”—to counter regional competition and defend its leadership in the evolving biscuit landscape.