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Frooti maker faces 12% revenue drop
Mint Mumbai
|November 21, 2024
Beverages company Parle Agro Pvt Ltd that sells Frooti and Appy Fizz brand of drinks reported a 12% drop in standalone revenues for the 12 months ended 31 March 2024, according to data shared by business intelligence platform Tofler.
The company reported revenues of ₹3,209 crore last fiscal; down from 3,654 crore reported in the year-ago period. Profit also declined from 160.8 crore to ₹21 crore due to increased taxation on its Appy Fizz brand, which moved to a 40% tax bracket in fiscal 2024 from
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