Mumbai : Biscuits and confectionery maker Parle Products is planning to increase the prices of its glucose, Marie and milk biscuits by 4-5 per cent in the first quarter of 2018, a company official said.
“As of now, we have not taken any price hike (decision) but we would be thinking of a price hike considering the increased taxes.
“It will happen in the first quarter of next year, which is January-March. There might be an increase of 4-5 per cent in the price in brands which are below Rs 100 per kg,” Parle Products Category Head Mayank Shah told PTI here.
Primarily, glucose, milk and Marie are the categories which will see increase in prices, he said, adding that the company will probably look at one category at a time for the price increase.
Its flagship brand ParleG, that is dominant in the glucose segment, BakeSmith English Marie and Milk Shakti are the brands that would see a price revision.
The company had not increased the prices of these products post the implementation of the Goods and Services Tax (GST), when the government had slapped a uniform tax rate on biscuits.
