Page 3 - Britannia Industries

Britannia Industries Q1 FY25 results: Net profit rises 10.5% to Rs 506 cr

Revenue rises due to better operating margins

All permanent workers of Britannia's Kolkata unit take voluntary retirement

FMCG major Britannia Industries Ltd said all permanent workers at its Taratala factory in Kolkata have accepted the voluntary retirement scheme (VRS). Despite this significant workforce change, a company official claimed that there would be no material impact on the business operations of Britannia Industries. However, according to senior CITU leader Gautam Ray, production has been stopped at the plant. "There has been no production at the Taratala plant for over 20 days. All 122 permanent employees have accepted VRS, and negotiations are ongoing for 250 contractual workers," said senior CITU leader Gautam Ray. Britannia did not respond to PTI's queries on stopping the production. The Taratala plant, one of Britannia's oldest biscuit manufacturing units, has been operational for over seven decades. According to sources, the Britannia management offered Rs 13 lakh to employees with up to 5 years and 11 months of remaining job tenure, Rs 18.5 lakh for employees with 6 to 10 years o

FMCG companies move fast on volume growth while rural beats urban

FMCG companies are also looking at increasing advertising spends in order to grow their brands

Street gives big-hearted welcome to Britannia Industries' Q4 results

The FMCG sector in general may have seen a poor year in terms of demand but there's analyst consensus demand is picking up and the worst may be behind the sector

Q4 impact: Britannia stock up 10%, logs sharpest intraday gain in 18 months

Britannia stock update: Upbeat outlook, healthy dividend triggers sharp rally in Britannia stock. Here's what bokerages say post Britannia's Q4 results.

Britannia Industries Q4 results: Net profit down 3.8% at Rs 536.6 crore

The operating margins contracted by 110 basis points to 17.3 per cent during the March quarter from 18.4 per cent in the year-ago period due to price cuts undertaken during the quarter under review

Britannia NutriChoice launches health monitoring app NutriPlus in India

To mark World Health Day, Britannia plans to make the app accessible to consumers through the Google Play Store and Apple App Store

Haven't seen rural growth similar to past decade: Britannia's Varun Berry

During the quarter, the food major also implemented price reductions and introduced consumer promotions for its key brands

Stocks to Watch today, Feb 7: Nykaa, ONGC, UPL, Britannia, Biocon, Paytm

Stocks to Watch on Wednesday, February 7, 2024: The parent company of Nykaa nearly doubled its consolidated net profit to Rs 16.2 crore during Q3FY24

Britannia Industries Q3 results: Net profit down 40.3% to Rs 556.4 crore

He also highlighted that the company's international business performed extremely well with robust double-digit growth across key markets

Britannia Q3 results: Profit falls 2% to Rs 761 cr on soft rural demand

The weak earnings come in face of intense price competition. The company has previously mentioned reducing certain product prices after competitors took advantage of declining raw material expenses

Not Britannia or Adani Wilmar: Which is the largest FMCG company in India?

ITC is now the largest FMCG company in India as it recorded food sales of Rs 17,100 crore during the first nine months of 2023-24

As pandemic impact wanes, regional players expand, challenge FMCG giants

The rusk market is one of the primary examples where local players give established companies a tough time. There are about 2,500 local players engaged in the rusk market

Britannia sees a clear slowdown in rural markets, says Varun Berry

He also said that the company is rapidly evolving in digital marketing and is leveraging digital in e-commerce

Britannia Q2 net profit rises 20% to Rs 587 cr, sales flat at Rs 4,370.5 cr

Bakery food company Britannia Industries Ltd on Wednesday reported a 19.55 per cent increase in consolidated net profit at Rs 586.50 crore in the second quarter ended September 2023 due to softening commodity prices. The company had posted a net profit of Rs 490.58 crore in the July-September quarter a year ago, Britannia Industries said in a BSE filing. Its net sales were marginally up to Rs 4,370.47 crore during the quarter under review as against Rs 4,337.59 crore in the year-ago period. Its revenue from operations in the September quarter was at Rs 4,432.88 crore, up 1.21 per cent. "While the sales growth over last year is 1 per cent, the 24-month growth is 23 per cent," said an earnings statement from Britannia Industries. Total expenses of Britannia Industries, which owns popular brands such as Good Day, Tiger, NutriChoice, Milk Bikis, and Marie Gold, was down 2.33 per cent to Rs 3,685.56 crore. Executive Vice-Chairman and Managing Director Varun Berry said: "We delivered a

Elevated inflation trends may dig a deeper hole for FMCG stocks: Analysts

Investors have shunned consumer stocks with shares of HUL, ITC, Britannia, Godrej Consumer, Tata Consumer, and Nestle India dropping in the range of 1-11 per cent in a month

Britannia Industries slips 3% as Q1FY24 results misses Street estimates

The biscuit maker's revenue and profit-after-tax (PAT) 8.4/35.6 per cent year-on-year growth in Q1FY24 were below consensus estimates by 2.4/10 per cent, respectively

Britannia Industries' net profit up 35.6% as margins expanded in Q1

The maker of Good Day and Marie Gold biscuits saw its PBIDT at Rs 745.8 crore. It was down 13.4 per cent on a quarter-on-quarter basis

Food industry impacted by high commodity prices: Britannia Industries

FMCG major Britannia Industries Limited said that the food sector in which it operates has been significantly impacted by high commodity prices, rising interest rates and due to the fall out of the Russia-Ukraine conflict. The long term effects of these factors continue to be felt extensively, the company said in its annual report for 2022-23. It said that although commodity prices were volatile and inflation was at unprecedented levels, the post-COVID normalisation of economic activities supported growth throughout 2022-23. During the last fiscal, the major challenge confronting the food industry was managing inflation in the cost of key inputs like wheat, milk, sugar, palm oil and crude oil, the company annual report said. The foods vertical of Britannia comprise segments like biscuits, cakes, rusks, bread and dairy. On the outlook for the foods vertical, the company said that businesses in the country are still optimistic on demand conditions despite apprehensions about global

FMCG index likely to hit 50,000; ITC, Britannia, Marico may rally up to 20%

The FMCG index has risen 10 per cent since the start of the current year, with ITC, Nestle India, Radico Khaitan, and Varun Beverages zoomed 31 per cent, 12 per cent, 11 per cent and 10 per cent each