Breakfast cereal producer Kellogg’s India’s revenue from operations grew by 14.12 per cent to Rs 1,332 crore in 2021-22 over the previous year.
Its profit after tax grew 42.94 per cent to Rs 102.51 crore in FY22 from Rs 71.71 crore a year ago, according to data provided by business intelligence platform Toffler.
Other income in the last financial year was Rs 20.24 crore.
The total revenue stood at Rs 1,352.24 crore, an increase of 14.15 per cent as compared to Rs 1,184.54 crore a year ago.
The total expenses of Kellogg’s India, a subsidiary of Kellogg’s Company, USA, also increased by 13.18 per cent to Rs 1,217.18 crore.
The company sells products such as Cornflakes, Chocos, Energy Bar Muesli, Oats, Granola, Fruit Loops and Upma in the Indian markets.
It achieved a turnover of 79.13 per cent from manufacturing of processed food and 16.11 per cent from trading of goods in FY22.
In FY22, FMCG companies saw an increase in demand for packaged food products due to hygiene and safety issues after the second wave of the pandemic. Domestic consumption of packaged and ready-to-eat food had increased.
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