Newsletter
We grew up dunking Parle-G in chai. Soon, we might be able to own a piece of the company behind it.
What’s buzzin’: according to reports, Parle Products, the maker of iconic brands like Parle-G, Melody and Mango Bite, is preparing for a $1 billion-plus IPO next year.
The company has reportedly appointed Kotak Mahindra Capital, Axis Capital and HSBC Securities to manage the public issue. According to the 2025 Burgundy Private Hurun India 500 Report, it is India's seventh most valuable unlisted company, with an estimated valuation of ₹75,420 crore.
A successful listing would also set up an interesting battle on Dalal Street, with Parle and Britannia becoming two listed biscuit giants that investors can directly compare.
In FY25, Parle Products' revenue rose 8.5% to ₹15,568 crore, even though profits came under pressure as competition in the biscuit and confectionery market intensified.
Big picture: according to IBEF, India's biscuit, cookies and crackers market was worth ₹1.16 lakh crore in 2025 and is expected to grow to ₹1.64 lakh crore by 2030.
