Britannia remains the largest biscuit maker by revenue, while Mondelez reports a sharp profit decline in FY25
Parle Products reported an 8.5 per cent increase in revenue from operations to Rs 15,568.49 crore in FY25, while its profit for the year declined 39 per cent to Rs979.53 crore, according to a regulatory filing.
The company’s total income, including other income, rose 7.32 per cent year-on-year to Rs 16,190.98 crore for the financial year ended 31 March 2025.
Britannia Industries, a listed fast-moving consumer goods company, remained the largest player in India’s biscuit and confectionery segment. The company reported consolidated revenue from operations of Rs 17,942.67 crore in FY25. Its total income for the year stood at Rs 18,169.76 crore. Britannia operates across biscuits, dairy and snacking categories and owns brands such as Good Day, Tiger, NutriChoice and Marie Gold.
Parle Products, which is unlisted, has traditionally focused on the mass and rural markets through brands including Parle-G, Hide & Seek and Monaco. The company has also been expanding its presence in the premium segment through its Platina range.
In FY24, Britannia had reported revenue from operations of Rs 16,546.21 crore, compared with Parle Products’ Rs 14,349.40 crore, translating into a difference of about 15.3 per cent.
Mondelez India Foods, another major participant in the segment, reported a decline in performance during FY25. Revenue from operations fell 1.91 per cent to Rs 12,502.95 crore. The company’s profit dropped sharply by 99.4 per cent to Rs 12.47 crore for the year. Mondelez India markets brands such as Oreo, Bournvita Biscuits and the recently licensed Lotus Biscoff.
According to data from the India Brand Equity Foundation (IBEF), the Indian biscuits, cookies and crackers market was valued at rs 1.16 lakh crore (USD 13.58 billion) in 2025. The market is projected to grow at a compound annual growth rate of 6.8 per cent to reach Rs 1.64 lakh crore (USD 18.87 billion) by 2030.
ITC has also been scaling up its presence in the biscuits category with products such as Marie Light and Dark Fantasy choco fills.
The sector has seen increased participation from regional manufacturers, who have expanded market share in select geographies through competitive pricing and localised distribution. Companies such as Anmol Industries and Surya Foods, which owns the Priya Gold brand, have strengthened their position in these markets.
With inflationary pressures easing, competition in regional markets has intensified. Britannia had previously stated that it has allocated resources to compete more aggressively in smaller markets and is adopting a localised market strategy across regions.
