Page 2 - Britannia

As pandemic impact wanes, regional players expand, challenge FMCG giants

The rusk market is one of the primary examples where local players give established companies a tough time. There are about 2,500 local players engaged in the rusk market

Stocks to Watch: Tata Steel, Hero Moto, Britannia, GAIL, JK Tyre, Ambuja

Stocks to watch on November 2, 2023: Two-wheeler manufacturer Hero Moto's consolidated net profit rose 47.6 per cent YoY to Rs 1,007 crore in the September quarter

Britannia, CDSL, Polyplex among 5 low-risk stocks to add to your portfolio

Data Patterns (India) and Godfrey Phillips are the other two stocks which seem to be favourably placed on the charts, thus making a case for lower-risk at current levels.

From Hindustan Unilever to Britannia, FMCG stock rally skates on thin ice

Sector could run out of steam, given sharp slowdown in the industry revenue growth

Britannia began price cuts in April-June as commodity prices softened

The company continues to expand its rural distribution and now has 28,000 rural distributors onboard

Stocks to Watch today, Aug 07: Yatharth, TD Power, RIL, BoB, GNFC, Zen Tech

Stocks to watch on August 07, 2023: Shares of consumer discretionary such as Dixon Tech and Amber Enterprises are expected to be in focus after government relaxed curbs on laptop imports.

Businesses optimistic on demand, climatic factors a concern: Britannia

Businesses in India are optimistic on demand conditions despite apprehensions about global recession though challenges from a shortfall in monsoon due to 'El Nino' conditions still persist, said leading bakery and food company Britannia Industries. The trajectory of inflation during FY24 would depend on a host of domestic and global factors, said Britannia Industries in its latest annual report. "The outlook for the food prices and rural growth would depend significantly on climatic factors and adequacy of monsoon rainfall," it said. Any shortfall in monsoon due to the 'El Nino' conditions as forecasted, would also have a higher impact on rural consumption and the Indian economy as a whole. "Availability and prices of input materials like wheat, sugar, milk and edible oil could be affected, thereby posing severe risks to the business growth," it said. According to Britannia Industries, makers of popular brands such as Good Day, Tiger, NutriChoice, Milk Bikis, and Marie Gold, milk

Parle tops Kantar's in-home FMCG brand ranking for 11th consecutive year

Britannia leads the way in the most chosen out-of-home (OOH) brand category, while Frooti was the most chosen out-of-home beverage

Britannia's prospects promising on improving demand, lower input prices

While brokerages are positive on the stock, any resurfacing of inflation or increased competitive intensity are potential risks

Consumer preference, govt push make millets the darling of FMCG companies

An increased preference towards healthier food items has been registered since Covid-19. Consumers are now taking more time to read product labels before going for a purchase

Britannia forecasts around 3% input cost inflation for FY24: MD Berry

Britannia Industries Ltd, India's largest biscuit maker, has forecast low single-digit input cost inflation for the current fiscal year. The company said it is closely monitoring input costs and will remain watchful of competitive pricing activities. Britannia's plan has taken into account the low single-digit inflation of around three per cent for FY'24, company vice-chairman and MD Varun Berry told analysts at an earning concall. "We are now in a phase where inflation is going to be moderate and not what we've seen in the last two years," he said. Berry said Britannia haS taken pricing actions to offset inflation in the last fiscal year. However, with some softening of material prices in the second half of the year and stepped-up cost efficiencies, the company is evaluating if any corrections in price need to be made. Certain brands and packs have already seen price reductions or promotions, officials said. Britannia which had a very low volume growth in the last fiscal expects

Paytm, ABFRL, Coal India, BoI, Adani Power among top stocks to watch today

Stocks to Watch on May 8:Paytm's loss narrowed to Rs 168 crore from Rs 763 crore in the year-ago period.

Britannia Industries Q4 results: Net profit rises 47% on strong demand

Total revenue from operations rose more than 13% to Rs 4,023 crore, helped by an expansion in its distribution network

Sensex plunges 695 pts, Nifty below 18,100 as HDFC twins sink up to 6%

CLOSING BELL: HDFC and HDFC Bank accounted for a loss of 645 points on the BSE benchmark. Broader indices ended with relatively lesser losses of around 0.5 per cent each.

Britannia Industries declares interim dividend of Rs 72 per share for FY23

Leading bakery foods company Britannia Industries on Tuesday announced an interim dividend of Rs 72 per equity share for FY 2022-23. The board of the company in its meeting held on Tuesday declared an interim dividend of 7200% i.e, Rs 72 per equity share of the face value of Re 1 each for 2022-23, Britannia Industries said in an exchange filing. The record date for determining the eligibility of shareholders for payment of Interim Dividend is April 13, 2023. For FY22, Britannia Industries declared an interim dividend of Rs 56.50.

Britannia looks to increase its women workforce to 50% from 41% by 2024

FMCG major Britannia Industries is aiming to increase its women workforce to 50 per cent from the present 41 per cent by 2024, a senior company official said on Sunday. With 15 company-owned manufacturing plants and 35 contract and franchisee units across India having a workforce of over one lakh people, Britannia currently has 41 per cent women employees and would increase the strength to 50 per cent by the end of 2024, Head of Manufacturing, Owned Factories, Indranil Gupta said. The company has about 1,400 workers in its Madurai unit of which 65 per cent comprise women, Gupta said. The female workforce in the plant will be increased to 70 per cent by 2024, since it produced 190 tonnes of various food products per day, the senior official told journalists. When asked about the reason behind pushing for more women employees, Gupta said: "They are more hygienic, and more suitable for these type of jobs, which is an important requirement in food making facilities and disciplined ...

Britannia Industries' Q3 net more than doubles to Rs 932 cr on price hikes

Consolidated total revenue from operations grew 17.4% to Rs 4,197 crore for the reported quarter

Stocks to Watch: PB Fintech, NMDC, Axis Bank, Yes Bank, ONGC, Auto, Airline

Stocks to Watch Today: SoftBank Group is likley to sell a 5 per cent stake in PB Fintech via block deal at a base price of Rs 440 per share on Friday.

More price increase unlikely this financial year: Britannia MD Varun Berry

Berry told Business Standard in an interview that the company was aiming to increase its revenues from cheese products by five times within the next five years

Britannia aims for five-fold growth in cheese business in next 5 yrs

Bakery foods company Britannia Industries expects its cheese products business to grow around five-fold in the next five years to touch around Rs 1,250 crore. The company which earlier this week announced a joint venture with the French cheese maker Bel, currently has around Rs 250 crore turnover from its cheese business, said its Vice-Chairman and Managing Director Varun Berry on Thursday. It is hoping commodity prices will come under control going forward with the softening of palm oil prices while that of sugar are stable although wheat prices are on the rise, he told PTI in an interaction. The company is foreseeing consumption growth in cheese segment coming from the domestic consumer and has plans to invest Rs 160 crore in the next three years, said Britannia Industries Executive Vice-Chairman and Managing Director Varun Berry. "We have already invested Rs 150 crore in plant and machinery. We are looking at investing around Rs 160 crore in the next three years," Berry ...