date:May 28, 2012
The expansions have been driven by the demand for gourmet chocolates despite the rising inflationary trend in the country. But the falling rupee which now affects the highly import-driven gourmet chocolate company and the rising fuel costs will force it to hike prices of its products at least by 8-10 per cent.
The current Indian currency fall will put pressure on the annual revenues. The local suppliers of food ingredients are increasing prices any where between 5 and 15 per cent which will lea