The company is already in the process of launching croissants and has partnered with Greece-based Chipita for this endeavour
According to brokerages, NSE could announce changes to its index next month and it could become effective from the start of the October series derivatives contract
Nusli Wadia-promoted Britannia is also focussing on increasing its distribution footprint
Britannia reported a nearly six per cent volume growth for the September quarter
Premium cream biscuits segment is around 7% of the total biscuit market in India
In the past 98 years of its history, biscuits major Britannia Industries Ltd (BIL) is coming up with its largest plant ever in Ranjangaon in Maharashtra where investment of Rs. 1,000 crore over a 2-year period will be made which will make the company less dependent on outsourced manufacturing of its products."We have already acquired 96 acres for this project and have applied to the government for another 48 acres", the company's managing director, Varun Berry said here after BIL's annual general meeting (AGM).To be completed in the next 1-2 years in phases, the 0.12 million tonne (mt) annual capacity plant will initially have six production lines of biscuits, and one line each for cakes and croissants. At a later date, other product lines like rusks, flour mill and dairy products may be incorporated.Commissioning of this project, the largest ever in the company's history, will increase BIL's annual production capacity to 1.22 mt which will help it reduce outsourcing.During the ...
Better-than-expected results lift stock to all-time high on Monday
We will expand international business with focus on countries with Indian diaspora, says report
The earliest launch would be in next 9 to 10 months
Revenue grew 10.3% to Rs 2,456 crore as rural consumers buy more of its biscuits
Wheat crop is expected to be around 10 million tonnes lower than earlier estimates of around 83 million tonnes
The order directed Britannia to phase out its NutriChoice Digestive Zero stock in present form, within four weeks
The company had also gained market share over its competitors such as ITC and Parle
The company is eying an entry back into salted snacks and breakfast apart from increasing its innovation pipeline in bakery and dairy
Company generates a majority of its revenue from biscuits, followed by the bakery and dairy segments
The biscuits and food major had had posted a profit of Rs 167.2 cr in the corresponding quarter in FY15
Amid firming input costs and slowing demand, margins are likely to remain in a tight band, say analysts
Wadia company's strong show on volumes, earnings to continue, say analysts