Marketing - Parle G
Parle-G Costlier By 50 Paise
Parle-G Costlier Simply by 50 Paise
Mumbai, This summer 19: The popular Parle-G, glucose cookies from Parle Products, include witnessed a cost hike after having a gap of nine years. The company's advertising manager Pravin Kulkarni said that over these years Parle-G's cost has not increased even as pumpiing has resulted in a embrace the cost of additional products. The price hike, which was decided just before the Budget and was implemented about 10 days ago, provides taken up the price tag on a 90 gm Parle-G pack via Rs 4 to Rs 4. 55, while regarding the 55 gm bunch from Rs two to Rs 2 . 50. An analyst which has a leading securities firm in Mumbai said that the move, not exactly associated with the Budget, is good for the company which is expected to go lower well with the consumers. Posture rival, Britannia Industries, probably will adopt a wait-and-watch plan for some time, just before increasing the prices of the glucose biscuit... brand, Gambling. Mr Kulkarni said that right up until now there has been no influence on sales, even while it is ahead of time to observe any further effect. This individual added the consumers also understand the dependence on a price hike after so many years. The organization does not intend at the moment pertaining to price boosts in any other brands. The prepared biscuit market in India is estimated to be more than Rs 3000 crore. Britannia, the market innovator, is said to obtain about forty-five per cent market share, with Parle close lurking behind at about 30-35 per cent. An additional major manufacturer is Priya Gold from Surya Food, while the small brands include Sunfeast by ITC and Champion. The unorganised industry comprising really small regional brands and unbranded biscuits and naankhataai, can be showing a declining craze over the years, in accordance to experts....