Page 2 - Britannia Industries

Sensex slides 861 pts, Nifty holds 17,300; RIL slips 1% post 45th AGM

CLOSING BELL: Mukesh Ambani laid out succession plan with Akash Ambani championing telecom, Isha Ambani controlling Retail, and Anant Ambani joining new-energy vertical

Stocks to watch: RIL, Britannia, NHPC, Cipla, InterGlobe Aviation, RITES

Stocks to watch today: Reliance Industries will hold their 45th Annual General Meeting on Monday, August 29; Tons of biscuits were destroyed after a major fire broke out at Britannia's Pantnagar plant

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

Deflating commodity costs to aid FMCG firms in H2FY23: Analysts

With commodity prices deflating from their March peak levels, analysts expect the margin profile across consumer goods companies to improve going ahead.

Stocks to Watch: Britannia, GAIL, Reliance, Adani Enterprises, Paytm, Nykaa

Stocks to Watch: With oil prices staging a dramatic reversal, related stocks, along with rate-sensitive sectors will be on the radar as RBI announces its monetary policy outcome Friday.

Zomato, Nykaa, Nestle, Dabur: Jefferies bets big on Gen Z boom in India

Jefferies expects Gen Z's income to increase 5x as they enter the workplace and are set to surpass Millennials by the end of the decade

Britannia Industries net profit falls 13% to Rs 336 cr; revenue rises 9%

However, its total revenue from operations increased 8.74%t to Rs 3,700.96 cr during the quarter under review

Sensex snaps 6-day winning streak ahead of RBI policy outcome, dips 52 pts

CLOSING BELL: PSU banks were the worst hit today with the Nifty PSB index down 1.75 per cent

Britannia Q1 revenue may rise up to 15% YoY; 2% dip in PAT seen: Analysts

Analysts, on average, expect the company to post a 2 per cent drop in core profit-after-tax (PAT) to Rs 378 crore in Q1FY23 from Rs 387 crore in the year-ago period.

ITC can double from current levels; HUL, Marico may hit new highs

The current chart formation is akin to 2011, provided ITC ends August on a positive note. Post which, the stock can potentially double from current levels.

Stocks to Watch Today: Adani Power, Biocon, Tata Steel, NTPC, PSU Banks

Stocks to Watch Today: Among airline shares, SpiceJet has reported seven aircraft related incidents in the last two months; while IndiGo said has hired over 1,500 cabin crew staff to counter likely at

Britannia Industries' shareholders reject Rs 5,000 cr investment proposal

Britannia Industries' shareholders have voted against a resolution to authorise the board to make investments, give loans and provide guarantees of up to Rs 5,000 crore in the AGM concluded last week

Britannia Industries to cut pack sizes as inflation bites

The management said it would hike prices by 10 per cent if the current levels of raw material prices sustain

Britannia Industries net profit up 4.3%, but margins under pressure

The cost of raw material consumed in the quarter was up 21.3 per cent to Rs 1,858.7 crore

Britannia to take calibrated price hikes to manage profitability, says MD

According to the company, the economy was impacted by global geo-political factors which caused a further surge in inflation the January-March quarter of FY22

Britannia Industries quarterly profit rises 5% to Rs 377.95 crore

Britannia Industries Ltd on Monday reported an increase of 4.96 per cent in consolidated net profit at Rs 377.95 crore for the fourth quarter ended March 2022. The company had posted a net profit of Rs 360.07 crore in the January-March quarter a year ago, it said in a BSE filing. Its total revenue from operations climbed 13.40 per cent to Rs 3,550.45 crore during the quarter under review. In the year-ago period, the same stood at Rs 3,130.75 crore. Britannia Industries' total expenses were at Rs 3,085.45 crore in the fourth quarter o the last fiscal. On Monday, shares of Britannia Industries settled at Rs 3,264.60 on BSE, down 0.57 per cent from the previous close.

Britannia's planned price hike signals coming inflationary pain

Russia's invasion of Ukraine has roiled consumer firms across the world already contending with labor shortages and supply-chain constraints.

Britannia Industries aims to have 50% women in factory workforce by 2024

FMCG major Britannia Industries Limited (BIL) has said it aims to achieve a diversity ratio of 50 per cent by 2024 by increasing the participation of women in its factory workforce. BIL Chief Marketing Officer (CMO) Amit Doshi said that at present 38 per cent of the company's factory workforce is women. "We aim to achieve a diversity ratio of 50 per cent by 2024 from the current national average of 38 per cent across our factories," he said. At Britannia's Guwahati factory, the proportion of women in the workforce is 60 per cent and it will be increased to 65 per cent, he said. "We are proud to have a women workforce in areas typically dominated by men like engineering, taping and grinding as well as packing, housekeeping, pantry, lab testing, canteen and security," he said. For empowering women, the company has already launched a start-up challenge among woman entrepreneurs, Doshi said. So far, the company has provided seed capital of Rs 10 lakh each to 30 woman entrepreneurs fo

FMCG major Britannia Industries aims 50% women in workforce by 2024

FMCG major Britannia Industries said on Wednesday it aims to achieve a diversity ratio of 50 per cent by 2024 by increasing the participation of women in its workforce.

Britannia planning to increase women workforce in Assam plant to 65%

On account of International Women's Day, Britannia Industries on Tuesday announced it is planning to increase the women workforce at its largest northeastern plant near Guwahati this year.