Britannia Industries

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.

A new all-time high on Nifty FMCG index may trigger up to 25 per cent upside in selective stocks

In FY22 and FY23, the company increased prices in order to pass on rising raw material costs to the consumer

Shares of India's Britannia Industries surged to a record high on Thursday, a day after the maker of Good Day and Little Hearts biscuits reported its third-quarter profit more than doubled

The management said that the go-to-market strategy and investments in brands & innovation helped the company register a robust topline growth of 16 per cent YoY

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

The Budget has put more money in the hands of the people through relief from Income Tax, which is a very positive step, analysts said

Britannia outperformed peers as shares surged 12 per cent in Q3FY23, whereas peers like Hindustan Unilever (HUL), Dabur India, ITC, and Tata Consumer declined up to 5 per cent, during the same period

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

It sells 49 per cent stake in Britannia Dairy for Rs 262 crore

FMCG major has been gaining market share for 38 consecutive quarters now, stands at 15-yr high

Shares of India's Britannia Industries Ltd rose as much as 10% on Monday, after the Good Day and Tiger biscuits maker reported late Friday a 28.4% jump in second-quarter consolidated net profit

In Q2FY23, Britannia's consolidated sales grew 22 per cent YoY and 19 per cent QoQ at Rs 4,338 crore, aided by a mid-single digit volume growth.

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Bakery foods company Britannia Industries Ltd on Friday reported a 28.47 per cent increase in consolidated net profit at Rs 490.58 crore for the second quarter ended September 30, 2022, helped by volume growth. The company had posted a net profit of Rs 381.84 crore in the July-September quarter a year ago, Britannia Industries said in a BSE filing. Its total revenue from operations climbed 21.40 per cent to Rs 4,379.61 crore from Rs 3,607.37 crore in Q2 FY22. The company has recorded its "highest quarterly revenue", Britannia Industries said. Total expenses were at Rs 3,773.71 crore in the second quarter of FY23, up 20.25 per cent from Rs 3,138.15 crore in the year-ago period. Britannia Managing Director Varun Berry said, "We have witnessed positive growth momentum over the last few months. Our Go-to-market strategy and increase in distribution reach have converged to deliver a robust topline growth of 22 per cent YoY and 19 per cent QoQ, aided by a mid-single digit volume growth,

CLOSING BELL: A late rally on Dalal Street helped the benchmark indices end a lacklustre trading session on a positive note. Metals, select financial shares led the pullback.

However, the counter has lost over 5 per cent from its recent high of Rs 346.25 hit on September 23, 2022 and has underperformed the S&P BSE Sensex, which has lost nearly 2 per cent since then

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Berry will continue the hold of managing director at the company, the company said in a stock exchange filing