Balaji Wafers Masala 55g — 93% Indian Value Capture

parakhi

Chips & Namkeen

draft · unreviewedas of 2025-09 · numbers move

analysing

Balaji Wafers Masala

Chips & Namkeen · 55g

Indian Value Capture

Mostly Indian.

COMPOSITION78%MII

● INDIA

82% of MRP

● TAX

12% of MRP

● ABROAD

6% of MRP

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where does it go  ↓

Where does it go?

Every rupee, sliced.

Hover a slice for the source. Every line is dated, sourced, and rated for confidence.

18%

15%

15%

12%

10%

9%

9%

9%

hover a slice to inspect

Item
%
₹
Origin
Confidence

Potato / corn / pulses / besan (chickpea flour)✓ ON LABEL

18%

—

🇮🇳 India

High confidence T1

Packaging

15%

—

🇮🇳 India

Medium confidence T3

Retailer + distributor margin

15%

—

🇮🇳 India

Medium confidence T3

GST (12%)

12%

—

Tax · India

High confidence T1

Distribution & logistics

10%

—

🇮🇳 India

Medium confidence T3

Manufacturing

9%

—

🇮🇳 India

Medium confidence T3

Advertising

9%

—

🇮🇳 India

Medium confidence T3

Brand's profit

9%

—

🇮🇳 India

Medium confidence T3

Palm oil (frying medium)

6%

—

🇮🇩 ID

Medium confidence T2

Brand margin

6%

—

🇮🇳 India

Medium confidence T3

Seasoning blend (spices, MSG, hydrolyzed protein, dehydrated veg)✓ ON LABEL

2%

—

🇨🇳 CN

Medium confidence T2

Salt✓ ON LABEL

1%

—

🇮🇳 India

Medium confidence T2

The catch

The 6% that didn't stay home.

Palm oil (frying medium)

🇮🇩Indonesia · 45%🇲🇾Malaysia · 45%🇹🇭Thailand · 7%

Seasoning blend (spices, MSG, hydrolyzed protein, dehydrated veg)

🇨🇳China · 25%

MSG and hydrolyzed protein largely imported.

How we know

The receipts.

Every number is sourced and tiered. We grade our own confidence so you don't have to take our word for it.

How much is hard-sourced

35% Tier 1–2

35% of this breakdown rests on hard data — GST schedule, live mandi prices, trade + filings. The rest is a category-typical estimate from an unreviewed draft template — treat it as directional, not gospel.

TIER 11

Hard government data

GST notifications, import data, tariffs

TIER 21

Verified industry

Company filings, audited reports

TIER 34

Modelled estimate

Industry benchmarks + ratios

TIER 40

Honest guess

Best informed estimate; flagged as such

On the label · via Open Food Facts

The actual declared ingredients — a real sourced fact from the pack, not our estimate.

PUFFED RICECHICKPEA FLOUREDIBLE VEGETABLE OILRICE FLOURSEASONINGSPICESCONDIMENTSVEGETABLEEDIBLE COMMON SALTBLACK SALTSUGAR HYDROLYZED VEGETABLE PROTEINFLAVOURACIDITY REGULATORYEAST EXTRACTANTICAKING AGENTFLAVOUR ENHANCERAS FLAVOURINGSEASONING AGENTCONTAINS ONE and MORE OF THE FOLLOWINGSRICE BRAN