Brands
Parle-G records highest-ever sales during Covid2019 lockdown
NEW DELHI: Popular Indian biscuit brand, Parle-G, has recorded its best sales in eight decades during the lockdown period.
As per media reports, Parle Products category head Mayank Shah said, “We’ve grown our overall market share by nearly five per cent, out of which, 80-90 per cent of this growth has come from Parle-G sales. This is unprecedented.”
Parle-G's Rs 5-pack biscuits came in handy for many migrants who walked back home. Even during this difficult time, when all major factories were closed and supply chain was hampered, Parle Products was swift to resume operations to reach maximum sales.
The company also restocked its distribution channels within a week to ensure the availability of the product during the lockdown.
Its’ been over 80 years since Parle-G was first introduced in India and it has over 130 factories across the country out of which 120 are continuously producing units.
Here’s how netizens celebrated the news on Twitter.
Parle-G is my favourite and itbis my childhood memory I love Parle-G is the one of the oldest company because my mother and father also used to eat parle-G in her/his childhood.#ParleG @officialparleg
— Nikhil Kumar Gupta (@nikhilk388) June 9, 2020
#ParleG is not only a biscuit it's an emotion
"
Started cravingWhen i see #ParleG biscuit is trending
Highest Sales in 82 years during COVID-19#ParleG @officialparleg pic.twitter.com/VMyNNPeNFM
— Thakur Shriom singh (@ThakurShriomSi1) June 9, 2020
@officialparleg is the most selling biscuits in this pandemic #Covid_19
5-rupees-a-pack cookie came handy for many migrants who walked back home
Bharat ka Apna Hero #ParleG pic.twitter.com/3NaSz60qlq
— Bhavesh Parate (@the_bhaveshp) June 9, 2020
@officialparleg is the most selling biscuits in this pandemic #Covid_19
5-rupees-a-pack cookie came handy for many migrants who walked back home
Bharat ka Apna Hero #ParleG pic.twitter.com/3NaSz60qlq
— Bhavesh Parate (@the_bhaveshp) June 9, 2020
Brands
Jio Financial Services posts Rs 1,560 crore FY26 profit
Revenue rises to Rs 3,513 crore as investments and lending scale up.
MUMBAI: If money makes the world go round, Jio Financial Services Limited is quietly spinning a much bigger wheel. The Reliance-backed financial arm reported a consolidated net profit of Rs 1,560.9 crore for FY26, slightly lower than Rs 1,612.6 crore in FY25, even as revenue growth gathered pace.
Total revenue from operations rose sharply to Rs 3,513.3 crore in FY26 from Rs 2,042.9 crore a year earlier, driven largely by a surge in interest income, which more than doubled to Rs 1,901.9 crore from Rs 852.5 crore. Fee and commission income also saw a significant jump to Rs 597 crore, compared to Rs 155.2 crore in FY25, reflecting expanding financial services activity.
For the March quarter, profit stood at Rs 272.2 crore, broadly flat compared to Rs 269 crore in the same period last year. Quarterly revenue from operations climbed to Rs 1,018.5 crore, up from Rs 493.2 crore year-on-year, signalling steady momentum in core income streams.
Expenses, however, moved in tandem with growth. Total costs nearly quadrupled to Rs 1,982.9 crore in FY26 from Rs 524.8 crore in FY25, with finance costs alone rising to Rs 745.1 crore from just Rs 7.7 crore a year earlier, reflecting increased borrowing and scale of operations. Employee expenses also grew to Rs 387.3 crore, while other expenses expanded to Rs 755 crore.
Profit before tax stood at Rs 1,911.7 crore for the year, slightly below Rs 1,946.9 crore in FY25. After accounting for a total tax outgo of Rs 350.8 crore, the company reported its final net profit figure.
Beyond the income statement, the balance sheet tells a story of rapid expansion. Total assets surged to Rs 1,63,497 crore as of March 31, 2026, up from Rs 1,33,510 crore a year earlier. Investments alone stood at Rs 1,33,088.7 crore, underscoring the company’s strong focus on treasury and financial asset growth.
However, the year also saw sharp volatility in other comprehensive income, which swung to a loss of Rs 16,028.3 crore, largely driven by fair value changes in equity instruments. This dragged total comprehensive income for FY26 to a negative Rs 15,756.1 crore, compared to a positive Rs 14,870 crore in FY25.
On the capital front, the company’s paid-up equity share capital remained steady at Rs 6,353.1 crore, with other equity rising to Rs 1,27,500.5 crore.
The numbers reflect a business in transition scaling rapidly across lending, investments and fee-based services, but also navigating the volatility that comes with mark-to-market movements in financial assets. In other words, while the top line is accelerating, the fine print still carries a few swings.
