31 Jan 2017, 11:13 am
LPHN biscuits are the only hygienically produced affordable snack sold in small packs retailing at Rs.2/- to Rs.5/- .
Consumed mainly by low income group, any increase in price of LPHN biscuits causes a direct reduction in demand.
While there is a 62% weighted average hike in input costs (Maida, Sugar and Vegetable Oil) over the last decade the Biscuit Manufacturers have been unable to increase their realization pro-rata” alleged Mayank Shah Vice president & Spokesperson of the Biscuit Manufacturers Welfare Association.
Glucose Biscuits offer consumers 72 Kilo Calories/ Per Rupee compared to 55 by Bread, 18 by Potato chips and 29 by Namkeens. All three enjoy concessional rate of taxes. A 70 gram pack of Glucose Biscuits which retails at Rs.5 offers 315 K Calories which is about 16% of the Daily Dietary recommend allowances by the government.
Last year the Biscuit Industry procured agriculture produce of over Rs.13,300 Crores. Sugar prices have more than doubled in the last decade and current wheat flour & vegetable oil prices make net margins on LPHN biscuits reduced to just 3%. Fear of an advent of negative margins phase forces manufacturers to curtail production leaving demand un-satiated. Glucose Biscuits retailed at Rs.70/- per Kg today attract net taxes of Rs.7.21 which is higher than the value addition earned by the industry (Rs.7.01 only).
“The Government may tax all Premium biscuits as they deem fit and we are a highly compliant industry with last annual contribution to the exchequer at Rs.3075 Crores. However on behalf of over 600 manufacturers of Low Price High Nutrition Biscuits retailed at up to MRP of Rs.100/- per Kg I urge the GST Council to completely exempt LPHN biscuits,” concluded Mayank Shah.
- Religion without servility: Journalist Anshul Chaturvedi on why Vivekananda speaks to believers and atheists alike
- Culturist Sundeep Bhutoria unveils anthology When Gods Don't Matter at Jaipur LitFest 2026
- Kolkata CP urges elderly to stay alert against digital scams at ‘Pronam’ interaction
- Sona Incubations, Salem picks 17 startups for Rs 11 Mn DST investment, grant
- Visva-Bharati University unveils a transformational roadmap under Vice-Chancellor Dr. Probir Kumar Ghosh
- Sona College of Technology hosts Think Salem 2025: To spur startup opportunity from Tier-2 Cities
- ACM India unveils National AI Olympiad 2026 to spot school talent for global AI stage
- Reject Macaulayan education, reclaim Indian values: H M Bangur’s big World Hindu Economic Forum pitch
- Sona College of Technology: Many academic, research and industry-linked advances in 2025
- Kolkata: ICCR hosts 10th anniversary celebration of Robir Kiran
Indian airline major Air India today announced a significant enhancement to its popular Mumbai-Frankfurt route, with the deployment of its newly delivered, first line-fit (or made-for-Air India)
Saudia, the national flag carrier of Saudi Arabia, and Air India, India’s leading global airline, have signed a codeshare agreement that will take effect in February.
Air India and Saudi Arabia’s flag carrier Saudia will begin a new codeshare partnership from February, allowing both airlines to offer expanded route options and smoother connections for passengers travelling between the two countries.
