Parle's Melody rides Modi-Meloni moment; quick commerce demand surges, IPO ruled out
Parle VP Mayank Shah confirms Melody candy is seeing a sharp demand spike on quick commerce platforms after PM Modi gifted it to Italian PM Meloni. Already shipped to 200+ countries, Parle is doubling down on global scale and explicitly denies IPO or stock listing plans for the private FMCG major.
Parle VP Mayank Shah says Melody candy demand is spiking on quick commerce after PM Modi gifted it to Italian PM Meloni. Already exported to 200+ countries, Parle denies IPO/listing plans, prioritising global scaling for the private FMCG giant.