Parle Biscuits FY24 Results: Profit surges two-fold, revenue rises 2%

Parle Biscuits posted a revenue of Rs 15,086 crore for FY 2023-24, with a net profit of Rs 1,607 crore, marking a 115% increase from the previous year. The company noted an increase in advertising and promotional expenses by 3.23%. FMCG firms expect demand revival amid inflation-led price hikes.