Parametric decay of a large amplitude electromagnetic wave into two electromagnetic modes in a rippled density plasma channel is investigated. The channel is taken to possess step density profile besides a density ripple of axial wave vector. The density ripple accounts for the momentum mismatch between the interacting waves and facilitates nonlinear coupling. For a given pump wave frequency, the requisite ripple wave number varies only a little w.r.t. the frequency of the low frequency decay wave. The radial localization of electromagnetic wave reduces the growth rate of the parametric instability. The growth rate decreases with the frequency of low frequency electromagnetic wave. V C 2012 American Institute of Physics. [http://dx.