Britannia planning acquisitions, says CEO Bali

Vinita Bali, managing director and CEO of Britannia Industries, today said margins in the FMCG industry were under pressure due to the hike in commodity prices.

"Commodity prices have seen an unprecedented increase over the last six months. If we consider the category of biscuits, they are up as much as 23-24%. This has put margins under pressure," Bali said on the sidelines of a CII conference.

Britannia, which will be spending Rs 150 crore on capital expenditure this fiscal, is on the look out for acquisitions. "We are looking at geographical and branded acquisitions, which can be both in the domestic market or abroad," she said refusing to divulge further details.