Britannia

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 ...

Stocks to Watch: Zomato, SBI, Adani Group, Britannia, ONGC, Gland Pharma

Stocks to Watch Today: According to reports, Zomato is likely to witness a block deal on Wednesday.

Britannia Industries enters into a JV with French cheese maker Bel SA

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

Britannia stock jumps 10%; NSE H1FY23 consolidated PAT jumps 53%

NSE has almost a monopoly in the equity derivatives segment and 93 per cent market share in the equity cash segment

Britannia Q2 net up 28.5% to Rs 490 cr, records 'highest quarterly revenue'

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,

Britannia elevates Varun Berry to vice-chairman, names Rajneet Kohli CEO

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

Hardik Pandya's brand value jumps after winning strike against Pakistan

Among the brands Pandya is endorsing currently are Monster Energy drink, Gulf Oil, William Lawson scotch, boAt, and Britannia

Major fire at Britannia's Pantnagar plant; no casualties reported

The factory was set up in 2010 at the Pantnagar industrial estate to avail the tax incentives offered by the central government under a special package for Uttarakhand and Himachal Pradesh

Target, acquirer, board of directors: Understanding a hostile takeover

While some people refer to Adani's acquisition of a stake in NDTV as a hostile takeover, others disagree. Read more to find out what a hostile takeover is

India at 75: These pre-independence companies thrived in independent India

These companies that operated under the constraints of British rule before 1947 helped India become self-sufficient in various sectors after independence

India at 75: The Maharajah and 14 other brands that had great impact on us

From the Air India mascot to bicycles and Aadhaar, from stationery to automobile and cosmetics, some brands have come to define the segments they represent. Here's a look at 15 such brands

Britannia Industries to continue raising prices in Q2 amid high inflation

Between the April-June and July-September quarters of FY23, the biscuit major will take a price hike between 6 per cent and 7 per cent

Parle Products remains most chosen FMCG brand for 10 years in a row: Report

The number of brands growing in terms of CRP improved in 2021 (70 per cent), over 2020 (56 per cent)

How is 'shrinkflation' helping FMCG companies tide over rising input costs?

FMCG companies are struggling. They have now resorted to 'shrinkflation' to cope with the increased input cost, without passing on the price burden to consumers. Our next report tells more about it

Britannia Industries surges 10% on upbeat volume in March quarter

The company delivered robust top-line growth of 15 per cent and a mid-single digit volume growth in March quarter (Q4FY22).