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Leading packaged drinking water company Bisleri International's profit rose 82.8 per cent to Rs 316.95 crore in FY24 and its revenue from operations was up 14.8 per cent to Rs 2,689.69 crore, according to an RoC filing by the company. Total consolidated revenue of Bisleri International was up 18.32 per cent to Rs 2,814.04 crore for the financial year ended on March 31, 2024, helped by other income, according to financial data accessed through business intelligence platform Tofler. This is the highest revenue in the last five years for Bisleri International, a company owned by Ramesh J Chauhan, popularly known as RJC, and his family. Bisleri International Pvt Ltd had reported a profit of Rs 173.38 crore in FY23 while its revenue from operations was Rs 2,341.98 crore on a consolidated basis. The total tax expense of Bisleri International is Rs 95.79 crore in FY24. Bisleri's advertising promotional expenses in FY24 were up nearly 60 per cent to Rs 100.96 crore. This was at Rs 63.22 c
The FSSAI has reclassified packaged drinking water and mineral water as a high-risk food category, mandating stricter regulatory controls and annual facility inspections. The move, effective immediately following an order dated November 29, requires manufacturers to undergo mandatory third-party food safety audits and comply with enhanced quality standards. Central licence holders in this category must now submit to annual inspections aimed at mitigating potential health risks associated with packaged water production. The reclassification by the Food Safety and Standards Authority of India (FSSAI) follows recent amendments to the Food Safety and Standards (Prohibition and Restrictions on Sales) Regulations, 2011, which previously removed mandatory BIS certification requirements for certain food products. The reclassification is designed to strengthen consumer protection and maintain rigorous quality control in the packaged water industry.
The government has sought explanation from companies selling packaged mineral water over different MRPs of bottles for various places and directed that the sale price should be same at airports, hotels and malls.Food and Consumer Affairs Minister Ram Vilas Paswan today tweeted that the consumer forum under his ministry have been receiving complaints relating to different MRP being charged for packaged mineral water at different places.He further tweeted that it came to notice that the companies had printed different MRPs for selling the same bottle at different places like hotels and airports.The ministry had sought explanations from such companies on different MRPs of the same water bottle, he tweeted."Mineral water bottle will be available at the same rate at airports, hotels and malls," he tweeted.In October last year, Paswan had said that sale of packaged water and soft drinks above MRP (Maximum Retail Price) -- including at airports, multiplexes and hotels -- would attract ...