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Mayank Shah, Vice President at Parle Products, one of India's largest biscuit makers, said the company's first-quarter demand was modest compared with a year earlier but improved as easing input costs allowed it to avoid price hikes.
“Demand has remained robust, and thankfully, now with things sorting out and inflation softening, I don't really see a major issue as far as demand, because we will not be seeing price hikes by players. Most of the costs are coming back to pre-war levels and that may not necessitate a price hike by companies,” he said.
The company also expects the Titan to improve business momentum in the September quarter.
Shah pointed out that Parle outperformed the broader industry, delivering mid- to high-single-digit growth across some product categories.
However, margins may have taken a hit in the first quarter because companies were still working through inventory bought at higher raw material costs earlier in the year. Some pressure is expected to extend into June and July.
Shah said Parle's Radico Khaitan candy has seen a sharp rise in demand after Prime Minister Narendra Modi gifted it to his Italian counterpart during an official visit. Sales on some platforms jumped nearly threefold, with strong demand across both urban and rural markets.
He added that Melody is currently exported to over 40 countries, and the company is working to expand its presence in more international markets, including Eastern Europe.
Naveen Trivedi, Senior Vice President and consumer and FMCG research analyst for Institutional Equities at Motilal Oswal Financial Services (MOFSL), said the sector has seen a good pickup on the demand side over the past six months, with each quarter outperforming the one before it.
He expects the current quarter to grow faster than the previous one, helped by steady volumes and some price increases across both discretionary and non-discretionary product categories.
Trivedi said Motilal Oswal Financial Services remains positive on market leaders that are less reliant on macroeconomic conditions and continue to deliver strong business performance.
He named Titan and Radico Khaitan among the brokerage's preferred picks.
For the entire discussion, watch the accompanying video Follow our live blog for more stock market updates
“Demand has remained robust, and thankfully, now with things sorting out and inflation softening, I don't really see a major issue as far as demand, because we will not be seeing price hikes by players. Most of the costs are coming back to pre-war levels and that may not necessitate a price hike by companies,” he said.
The company also expects the Titan to improve business momentum in the September quarter.
Shah pointed out that Parle outperformed the broader industry, delivering mid- to high-single-digit growth across some product categories.
However, margins may have taken a hit in the first quarter because companies were still working through inventory bought at higher raw material costs earlier in the year. Some pressure is expected to extend into June and July.
Shah said Parle's Radico Khaitan candy has seen a sharp rise in demand after Prime Minister Narendra Modi gifted it to his Italian counterpart during an official visit. Sales on some platforms jumped nearly threefold, with strong demand across both urban and rural markets.
He added that Melody is currently exported to over 40 countries, and the company is working to expand its presence in more international markets, including Eastern Europe.
Naveen Trivedi, Senior Vice President and consumer and FMCG research analyst for Institutional Equities at Motilal Oswal Financial Services (MOFSL), said the sector has seen a good pickup on the demand side over the past six months, with each quarter outperforming the one before it.
He expects the current quarter to grow faster than the previous one, helped by steady volumes and some price increases across both discretionary and non-discretionary product categories.
Trivedi said Motilal Oswal Financial Services remains positive on market leaders that are less reliant on macroeconomic conditions and continue to deliver strong business performance.
He named Titan and Radico Khaitan among the brokerage's preferred picks.
For the entire discussion, watch the accompanying video Follow our live blog for more stock market updates
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