 "Varun Berry, vice chairman and managing director of Britannia Industries")
Britannia, the manufacturer of biscuit brands such as Bourbon and Pure Magic, is planning to halt capital expenditure next financial year even as it has announced increasing prices of its products.
Senior executives of the firm said they would be cautious on capital expenditure because growth in volumes remained on a slow burn, hurt by a slowdown in urban demand. The firm’s capital expenditure was Rs 1,142 crore in FY23 and Rs 412 crore in FY24.
“We are taking a capex break,” said Vice-Chairman and Managing Director Varun Berry on Friday in a call with analysts. “It (capital
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