Britannia Industries

Britannia to focus on India’s small towns & villages

Britannia to focus on India’s small towns & villages

Britannia Industries will now focus on small towns and villages of India to achieve a robust growth, the bakery giant's new COO and country head Varun Berry has said.

Berry, who is also the executive director of the Rs 6000-crore biscuits & dairy products maker, said that increasing Britannia's presence in small towns and rural parts of India would provide a great boost to the company's growth.

Speaking on the topic, Berry said, "Everyone knows the brand Britannia, but why people in smaller towns are not consuming it? The reason is we are not available there. This needs to change."

Britannia announces top-level management reshuffle

Britannia announces top-level management reshuffle

Britannia, one of India’s leading food companies, has announced a reshuffle at its top-level management.

While managing director Vinita Bali will now focus on Britannia’s international business, chief operating officer Varun Berry will lead the food giant’s India operations.

Ready-to-eat segment gets a new entrant in Britannia

Ready-to-eat segment gets a new entrant in Britannia

The FMCG ready to eat market will now see an all new entry in the market as the major Britannia, known for biscuits and other confectionaries will now be entering this market too.

The company made this announcement on Thursday and also mentioned that they will be entering the market with a complete range of healthy breakfast mixes of upmas, pohas, porridges and oats.

The market is still at a very nascent stage and values just around Rs. 148 crore and is growing at a CAGR of 15 per cent driven by a fast-paced urban lifestyle.

Nation’s Biggest Biscuit Co. Reported Drop in Net profit

Nation’s Biggest Biscuit Co. Reported Drop in Net profit

The nation’s leading biggest Company, Britannia Industries, and today gave an account that it saw 28 per cent drop in its net profit for the years 2009-10 at Rs. 103.10 Crore, as contrasted with the preceding year. The firm attributed sharp commodity prices to the plunge.

Net sales increased by 10.21 per cent to Rs 3,770.84 Crore, against the preceding year. Earnings, before interest, taxes, depreciation and amortization dropped 31.62 per cent to Rs 121.45 Crore. The corporation did not share the fourth quarter statistics.

Danone breaks 15-year-old tie-up with Britannia, to sell 25% stake to Wadia Group

britannia-DanoneA Nusli Wadia group firm has finally settled its three-year-long dispute with French giant Groupe Danone SA over control of Britannia Industries.

Both partners ending their 15-year-old association have reached a deal under which the French company will exit Britannia and sell its 25.5 per cent stake. Danone's move to walk out the biscuits business in India comes more than a year after it globally sold its biscuits business to Kraft to focus on the dairy business.

Britannia plans to invest Rs 15O crore for expansion

Bangalore-based Britannia Industries has made announcement that the company is envisaging to pump Rs. 150 crores with the aim to enlarge its dairy business unit in New Zealand.

According to the source, the company is also planning to buy out its New Zealand-based partner Fonterra Co-operative`s stake in the joint venture Britannia New Zealand Foods, established in 2002.

In the joint venture, Britannia Industries is the owner of 51% stake.