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Biscuit maker Britannia Industries today expanded its product portfolio under the popular 'Good Day' brand with the launch of "Wonderfulls" in the premium cookie category, a top company official said.
The company which retails biscuits, chunkies under 'Good Day' brand unveiled "Wonderfulls" expanding the portfolio in the premium category valued at Rs 4,000 crore, Britannia Industries, Vice-President, Marketing, Ali Harris Shere said.
"If you look at our Good Day biscuits they come in butter, pista variants.. If you look at each of the biscuits, they are in the same shape.. Whereas this product is hand crafted.. It is uneven," Shere told reporters, after unveiling the biscuits in the region.
He noted that Tamil Nadu contributes more than 20 per cent of the revenues for Britannia Industries.
"Three-fourths of biscuits sold in Tamil Nadu are Britannia (products)," he said on reasons for launching the biscuits today.
The biscuits available in three variants, Choco Nut, Butter Almond and Berries and Nuts, are available at Rs 10 for 30 grams and Rs 25 for a 75 gram pack.
Referring to the manufacturing of the biscuits, he said the company has invested nearly Rs 40 crore at the factility in Oragadam near Chennai for producing the biscuits.
"These biscuits are exclusively produced at our Chennai plant.. We have invested Rs 40 crore in this plant.. The current capacity will be around 400-500 tonne per month.. We will be scaling up the capacity (in coming months)," he said.
The company has earmarked "significant" amount for branding the product through various marketing campaigns, he said, declining to reveal any numbers.
A television commercial featuring Bollywood Actress and Britannia Industries Brand Ambassador, Deepika Padukone was also released on the occasion for "Wonderfulls".
To a query, he said the company launched the biscuits in Tamil Nadu and would gradually expand it other states including Kerala, Karnataka, Andhra Pradesh, Maharashtra in a phased manner.
Good Day is Britannia's largest brand with a revenue of Rs 2,600 crore, he said.
Britannia Industries clocks annual revenues of more than Rs 8,500 crore.
The company retails various products including biscuits, bread, cakes, rusk and dairy products -- cheese, beverages, milk and yoghurt.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)