Kellogg India logs 42% y-o-y growth in net profit at Rs103 crore

According to financial data acquired by business intelligence platform Tofler, breakfast cereal producer Kellogg India Private Limited, which manufactures and promotes ready-to-eat cereal and other convenience foods, recorded a 43% yoy increase in FY22 net profit at Rs103 crore. The company reported a net profit of Rs71.70 crore in the previous fiscal year.

Meanwhile, revenue for the fiscal year 2021-22 jumped 14% yoy to Rs1,352 crore, according to data received from Tofler. Total costs for the fiscal year were up 13.1% at Rs1,217 crore.

Following the pandemic, demand for packaged goods increased as consumers cooked and consumed more meals at home. Households shifted to branded and packaged goods as well.

The firm offers Kellogg’s corn flakes, Chocos, muesli, oats, granola, and upma in India. Kellogg’s cereals are manufactured in India and are exported to regions such as Sri Lanka, Nepal, Bangladesh, and the Maldives.

Last year, the company expanded its product offering in India by introducing the Froot Loops cereal brand.

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