Page 4 - Britannia Industries

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

Britannia Q4 net up 47% to Rs 558 cr, revenue rises 13.3% to Rs 4,023 cr

The maker of Good Day and Marie Gold biscuits saw its PBIDT at ~861.3 crore

Hero Moto, SpiceJet, AEL, TVS Motor among top 10 stocks to watch on Friday

Stocks to watch on May 05, 2023: Adani Power, Bharat Forge, Blue Dart, Britannia, Equitas SFB, Federal Bank, Marico and Paytm on investors radar ahead of Q4 earnigns today.

Britannia's Q4 revenues may rise up to 14% YoY led by volumes, say analysts

Britannia Industries Q4 preview: Though higher advertising spends may have some impact on EBITDA margins sequentially, price hikes would help expand margins up to 231 basis points (bps), said analysts

Britannia Industries declares interim dividend of Rs 72 per share for FY23

Leading bakery foods company Britannia Industries on Tuesday announced an interim dividend of Rs 72 per equity share for FY 2022-23. The board of the company in its meeting held on Tuesday declared an interim dividend of 7200% i.e, Rs 72 per equity share of the face value of Re 1 each for 2022-23, Britannia Industries said in an exchange filing. The record date for determining the eligibility of shareholders for payment of Interim Dividend is April 13, 2023. For FY22, Britannia Industries declared an interim dividend of Rs 56.50.

Britannia, ITC: Bet on FMCG stocks as index poised to record historic peak

A new all-time high on Nifty FMCG index may trigger up to 25 per cent upside in selective stocks

Britannia to opt for promotional offers instead of price cuts: Varun Berry

In FY22 and FY23, the company increased prices in order to pass on rising raw material costs to the consumer

Shares of India's Britannia Industries hit record high on Q3 profit surge

Shares of India's Britannia Industries surged to a record high on Thursday, a day after the maker of Good Day and Little Hearts biscuits reported its third-quarter profit more than doubled

Britannia soars 5% to hit record high on strong Q3 operational performance

The management said that the go-to-market strategy and investments in brands & innovation helped the company register a robust topline growth of 16 per cent YoY

Stocks to Watch: Adani Ent, Adani Green, HDFC, Maruti Suzuki, Insurance

Stocks to watch today: The Board of Adani Enterprises (AEL) has announced that it will not go-ahead with the fully subscribed Follow-on Public Offer (FPO)

Britannia Industries' Q3 net more than doubles to Rs 932 cr on price hikes

Consolidated total revenue from operations grew 17.4% to Rs 4,197 crore for the reported quarter

Budget delivers a big boost for consumption-related stocks: Analysts

The Budget has put more money in the hands of the people through relief from Income Tax, which is a very positive step, analysts said

Britannia's Q3 revenues may rise up to 20% YoY on higher volumes: Analysts

Britannia outperformed peers as shares surged 12 per cent in Q3FY23, whereas peers like Hindustan Unilever (HUL), Dabur India, ITC, and Tata Consumer declined up to 5 per cent, during the same period

More price increase unlikely this financial year: Britannia MD Varun Berry

Berry told Business Standard in an interview that the company was aiming to increase its revenues from cheese products by five times within the next five years

Britannia Industries enters into a JV with French cheese maker Bel SA

It sells 49 per cent stake in Britannia Dairy for Rs 262 crore

Britannia investors see 'Good Day' after strong Q2, stock surges 9%

FMCG major has been gaining market share for 38 consecutive quarters now, stands at 15-yr high

Britannia Industries' shares jump nearly 10% after Q2 profit beat

Shares of India's Britannia Industries Ltd rose as much as 10% on Monday, after the Good Day and Tiger biscuits maker reported late Friday a 28.4% jump in second-quarter consolidated net profit

Britannia zooms 10% on robust Q2 revenue growth; enters Rs 1 trn m-cap club

In Q2FY23, Britannia's consolidated sales grew 22 per cent YoY and 19 per cent QoQ at Rs 4,338 crore, aided by a mid-single digit volume growth.

Stocks to watch: SBI, DRL, Britannia, Coal India, Divi's Lab, Paytm, ABFRL

Stocks to watch today: Coal India, Divi's Lab will report the July-September quarter (Q2FY23) results on Monday, November 7; SBI's net profit climbed 73.9 per cent YoY to Rs 13,265 crore in Q2FY23