Improving demand for cookies, intact structural growth story and attractive valuation augur well for the stock
Intra-day, Britannia's stock price rose as much as 7.5 per cent, closing trade at Rs 2,678.8 a share
Nestle derives around a quarter of its annual sales from rural areas and has been working on improving this number via a distribution and manufacturing push
Adi Godrej and ITC Chairman Sanjiv Puri were in Delhi this month to meet Finance Minister Nirmala Sitharaman as part of an outreach programme to tackle the slowdown
The FMCG major said slowdown had been witnessed in the last five to six months and the period till January would 'not be easy'
The company has 25-30 milk centres in Maharashtra that collect up to 25,000 litres of milk daily
Inflationary pressure and competitive intensity could impact the profitability of biscuitmaker
Britannia to opt for four per cent price hike in a select portfolio and pack sizes to mitigate rising input costs
The playbook is a familiar one for the GCMMF, one that it used a couple of years earlier when it went head-to-head with Hindustan Unilever over ice-creams
The biscuits and dairy company flaunts its association with cricket, turns the spotlight on the 100-year-old mother brand
The firm will also benefit from launches as well as expansion of distribution network
This campaign is special because the project repositioned and re-imagined an old and well-established brand, says Ashish Mishra
Britannia's average free-float market cap for last six months is over 1.5 times higher than both HPCL and Bharti Infratel
This would augment annual manufacturing capacity by 130,000 tonnes
Britannia Industries already operates two factories in the Middle East
In Q2, revenues grew by 12.5% and net profit by 16.1%, led by double-digit volume growth
On the manufacturing front, the first line of the company's Ranjangaon integrated food park near Pune became commercialised
Britannia has given multi-bagger returns in the last five years. On October 07, 2013, the stock had stood at Rs 851.85 It has now zoomed to Rs 5,595, as of Monday's close.
Firm will first look at expanding its dairy, bakery businesses
With a refreshed logo and a busy calendar of brand launches and extensions, the 100-year-old company looks to dial back its age