Parle Industries Shares Slide By Over 7.00% In Just Week Amid Income Tax Raids At Parle-G Manufacturing Units

Parle is synonymous with the company's benchmark iconic biscuit brand Parle-G, among other FMCG products. Recently, the company found itself in a soup when the income tax authorities conducted raids at the manufacturing units of the company's marquee products, the Parle-G.

On Friday, March 7, the Income Tax Department conducted a raid on the company offices and manufacturing unit in Mumbai's Vile Parle.

This news broke toward the end of the trading day on March 7, as the markets geared up to shutter, not just for the day, but for the week, the company shares collapsed and dashed onto hit the lower circuit.

The shares of Parle Industries Ltd listed at the BSE dipped by 1.98 per cent or Rs 0.35, before closing for the day. The company shares had previously closed at Rs 17.70 on Thursday.

Week Of Decline

However, it is not just that, when we look the overall progress of the company shares over the past week or five trading sessions, the overall decline has been monumental.

The company shares have declined by 7.66 per cent or Rs 1.44 in the past five trading sessions. In addition to that, the company shares have only shrunk in the past month of trade, as the overall decline in the company shares over the past month amounts to 7.52 per cent or Rs 1.41.

The current value of Parle Industries Ltd stands at Rs 17.35 per share.

Parle Industries Q3 Results

The company had an abysmal Q3, as the company witnessed a monumental decline in its numbers.

Parle Industries Ltd's net profit fell by a gargantuan 466.67 per cent since last year's same period. The overall profit stood at a pale Rs 0.22Cr in the Q3 2024-2025.

On a quarterly basis, the Mumbai-based company witnessed a 157.89 per cent fall in its net profits over last 3 months.

The company's total income, as per exchange filing stood at Rs 0.16 crore. Meanwhile, the total expenses were at Rs 0.10 crore for the quarter that ended on December 2024.