Britannia Industries is looking to drive volume-led growth as it looks to target regions, consumer-centric products and distribution. The company also wants to make sure that it is price-competitive in each of the regions.
A meeting of the board of directors of Britannia Industries Ltd is scheduled on January 23, 2003 to consider and take on record the unaudited financial results of the company for the quarter ended December 31, 2002.\n\n
Britannia Industries Ltd has posted a net profit of Rs 251 million for the quarter ended December 31, 2002 as compared to net profit of Rs 227 million in the quarter ended December 31, 2001.
Certainly, she seems to have voluntarily subjected herself to adventure in her professional life after her MBA from Jamnalal Bajaj.
Jio Financial Services Ltd and Zomato Ltd will enter the National Stock Exchange's benchmark Nifty 50 index from March 28. As per the revisions, Bharat Petroleum Corporation Ltd. (BPCL) and Britannia Industries Ltd will be excluded from the index, according to a release from NSE Indices.
Britannia Industries reported revenue growth of 4 per cent year-on-year (Y-o-Y) in Q1FY25 and volume growth of 8 per cent implying price trends were adverse. Other operating income jumped 195 per cent, due to the incentive received for the Ranjangaon plant. The non-biscuit portfolio (rusk, cake, bread) remained key to growth and contributed 25 per cent of the total revenue.
According to Sebi's listing obligations and disclosure requirements, a company has to report any fraud, default by promoter or arrest of key managerial persons or promoters as it is a material event.
He is nominated to the investment, innovation and audit committees.
A major fire broke out in Britannia Industries' Pantnagar manufacturing plant on Sunday destroying thousands of tons of biscuits. However, no one was killed or injured in the fire which broke out around 1230 hours in the biscuit division of the factory, Senior Superintendent of Police (SSP) Udhamsingh Nagar (district) Manjunath T C told Business Standard after the firefighters put the fire out. "With the help of 15-20 fire tenders, we were able to control the fire which was very major," Manjunath said.
Biscuits major Britannia Industries on Monday said it would increase capacity by 20 per cent by expanding existing operations and going to new sites.
'Only 20 per cent of families in India buy cheese twice once a year.'
The IPR committee of the Britannia board was created in May 2006 to deal with all IPR matters. For the last one year, the committee has been working to resolve the issue of the use and registration of Tiger by Groupe Danone in several countries.
The intellectual property rights battle between Britannia Industries and French dairy and beverages giant, Groupe Danone, is heading for an early breakthrough.
The firm, which traces its origin back to 1862 in a humble Kolkata bakery and its subsequent listing on the bourses in 1918, says that it now wants to grow "substantially" and not just rest on its laurels.
In lieu of the pension scheme, an amount equivalent to 15 per cent of the employee's basic salary, which would have been deposited in the pension fund, will be paid to them as a variable allowance.
Britannia Industries Ltd on Thursday said it has appointed Jeh N Wadia and Emmanuel Faber as additional directors on the board of the company. \n
Britannia Industries, the country's top biscuit maker, has taken the income tax department, Kolkata, to court after it received a show-cause notice asking it to explain the withdrawal of funds from the employees' pension fund in 2003.
The proposed reforms in goods and services tax (GST) announced by the government last week, coupled with the eighth pay commission dole-out, is likely to push consumption-driven stocks - such as air conditioners (ACs), select automobiles, fast-moving consumer goods (FMCG), retail, and counters of quick-service restaurants (QSRs) - into higher orbit over the next few months, believe analysts.
The corporate headquarters, christened Britannia Gardens, sprawls over nearly seven acres on the Old Airport Road, leading on to Whitefield, one of the major technology hubs towards the east of Bengaluru.
Securities and Exchange Board of India said on Thursday that it will look into the issue of sacking of Britannia Industries managing director Sunil Alagh, if it is felt necessary.\n\n\n\n
Groupe Danone, the global dairy products major based in France, netted a capital gain of Rs 380 crore ( $56 million) when it recently divested its indirect 25.5 per cent holding in the Bangalore-based biscuit major Britannia Industries.
Some of the key names include: Maruti, M&M, Ashok Leyland, Britannia, Ultratech, JK Cement, Havells, Voltas, Amber, Metro, Trent, LemonTree, Indian Hotels, Niva Bupa, HDFC Life, IGL, Acme Solar, Suzlon, Swiggy, Delhivery, ICICI Bank, HDFC Bank, Bajaj Finance, Shriram Finance," according to a report by Motilal Oswal Financial Services.
In the latest annual report posted on its website, Danone has said it is negotiating with its partner with a view to selling its 25.5 per cent indirect stake in Britannia.
FMCG major Britannia Industries' results for the January-March quarter (Q4) of the financial year 2023-24 (FY24) were received enthusiastically by the market with the share going up by 6.7 per cent on Monday to close at Rs 5,061.60 on the BSE. However, analysts said the results were in line with margins, and disappointing in terms of revenue growth. The consolidated net sales (excluding other operating income) rose 3 per cent year-on-year (Y-o-Y) to Rs 4,010 crore in Q4.
Royalty terms with Danone for brand on the cards.
After fighting for over four years, Groupe Danone and the Wadias have struck a deal that will see the French food giant exit their biscuit joint venture, Britannia Industries Ltd.
Vinita Bali, managing director of Britannia Industries, believes innovation will drive growth.
Britannia Industries will take higher grammage cuts instead of increasing prices in a bid to tackle rising inflation, the firm said. The biscuit major took a 10 per cent price hike in financial year 2021-22 (FY22) and resorted to reducing pack sizes as an indirect way of increasing prices. In the previous financial year, the ratio of grammage reduction was 65 per cent, which will be higher in FY23.
The mantra for the biscuit maker is simple: Run a tight ship and make prudent investments in manufacturing and distribution.
With an array of new products, Britannia Industries is going through its most challenging phase.
The company, which closed last fiscal with a top line of close to Rs 3,500 crore (Rs 35 billion), is expected to play in the ready-to-drink flavoured milk market targeted at youth, instead of the mass packaged milk segment. Britannia declined to comment in this regard. Industry estimates indicate this market is valued at close to Rs 750 crore (Rs 7.5 billion).
The book that Vinita Bali, managing director of Britannia Industries Ltd, is currently reading couldn't be more appropriate: 'Too Big to Fail'. Although that bestseller by New York Times columnist Andrew Ross Sorkin tells the inside story of how Wall Street and Washington saved the financial system -- and themselves, its title aptly sums up Bali's own half-a-decade tenure at the Bangalore-based foods conglomerate.
"It is challenging and difficult. But one or two challenging years are not a big deal. This too will come to an end. We are not running the business on a month-to-month or quarter-to-quarter basis. Yes, it is hard to actually generate consistently high margins, but this is what leadership is all about. To manage and deliver when things aren't going too smoothly," says Bali.
It will take legal action against French food giant Group Danone, for nauthorised use of the Tiger biscuit brand in other countries.
French dairy major Groupe Danone and Mumbai-based Wadia Group on Tuesday gave the finishing touches to a pact to end their 13-year-old joint venture for running Britannia Industries, India's largest food products firm. With it, they buried their bitter intellectual property disputer over the Tiger brand.
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