Parle Products took the path of increasing prices!!!
Parle Products Vice President mayank Shah has admitted that due to the increase in the prices of sugar and cocoa, they will also have to make their products expensive. The company has already increased the rates of some of its brands. sugar, flour, cocoa are the main raw materials for the company and due to the rising inflation rate, the path of rate hike will have to be taken. However, this increase will not be as much as it had to be done due to the crisis of Kovid.
What does HUL say?
According to Hindustan Unilever, the prices of most commodities will remain stable except tea leaves. In an analyst call, top officials of HUL have said that we cannot assure about tea, but single digit pricing can be seen in the remaining months of this financial year.
Mondelez india Foods Private Limited
Just last week, Mondelez Global Chairman and CEO Dirk Van de Put said that the impact of food inflation will be seen on the household expenditure of lower and middle-class families. Mondelez india is famous for popular chocolate brands like Cadbury Dairy Milk and Toblerone.
Why are FMCG companies going to increase prices - know 3 reasons?
Britannia, Parle, Dabur and Mondelez are planning to increase the prices of their products by 4-10 percent soon.
The prices of cocoa, flour and sugar have increased due to which the cost of their products has increased and now the companies are ready to increase the prices.
For a long time, i.e. for several quarters, FMCG companies had held back the decision to increase prices to increase demand. Now the burden of rising food inflation and increase in global commodity prices will have to be put on the customers.
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