An employee inspects biscuits on a conveyor belt. (Photographer: Chris Warde-Jones/Bloomberg News)

See Double-Digit Volume Growth This Year, Priyagold Biscuits Says

The GST-fuelled growth in the organised market will help the biscuit industry register double-digit volume growth this year, according to Shekhar Agarwal of Priyagold Biscuits. "Average volume growth this year could be around 15 percent compared to 6-7 percent last year," he told BloombergQuint.

Other key highlights from the interview:

  • Edible oil cost has risen by up to 50 percent.
  • Power, fuel and labour costs have also gone up.
  • Q4 volume growth was around 8-9 percent.
  • Q2, Q3 were not good due to GST implementation.
  • Talking to government for reduction in GST for biscuits.
  • Want GST to be reduced to 12 percent from current 18 percent.

Catch the full interview below