Hershey To Hike Chocolate Prices Citing High Cocoa Costs: Reports
The reports highlight that the decision to increase prices is not related to trade policies and tariffs
The reports highlight that the decision to increase prices is not related to trade policies and tariffs
With this, the brand is targeting four times (4x) growth in revenue this fiscal year
The company has seen an 11 per cent growth in total volume, led by 46 per cent growth in the premium segment
The reports note that EQT and Bain Capital are performing due diligence, with binding offers expected by August
The report notes that steady progress of rainfall, especially in northwest and southern regions, should benefit the sowing progress and reservoir levels
The company says that the business in India was hit by early monsoons and geopolitical conflict in the important summer season
Regional data shows that west India recorded the highest year-on-year growth at 10 per cent
The revenue from operations has risen to Rs 851.52 crore in the recently concluded quarter from Rs 757.93 crore in Q1FY25
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The company says that any adverse developments in monsoon or crop yield could intensify inflationary pressures and impact growth