Page 6 - Britannia Industries

Britannia Industries net profit up 4.3%, but margins under pressure

The cost of raw material consumed in the quarter was up 21.3 per cent to Rs 1,858.7 crore

Britannia to take calibrated price hikes to manage profitability, says MD

According to the company, the economy was impacted by global geo-political factors which caused a further surge in inflation the January-March quarter of FY22

Britannia Industries quarterly profit rises 5% to Rs 377.95 crore

Britannia Industries Ltd on Monday reported an increase of 4.96 per cent in consolidated net profit at Rs 377.95 crore for the fourth quarter ended March 2022. The company had posted a net profit of Rs 360.07 crore in the January-March quarter a year ago, it said in a BSE filing. Its total revenue from operations climbed 13.40 per cent to Rs 3,550.45 crore during the quarter under review. In the year-ago period, the same stood at Rs 3,130.75 crore. Britannia Industries' total expenses were at Rs 3,085.45 crore in the fourth quarter o the last fiscal. On Monday, shares of Britannia Industries settled at Rs 3,264.60 on BSE, down 0.57 per cent from the previous close.

Britannia's planned price hike signals coming inflationary pain

Russia's invasion of Ukraine has roiled consumer firms across the world already contending with labor shortages and supply-chain constraints.

Britannia Industries aims to have 50% women in factory workforce by 2024

FMCG major Britannia Industries Limited (BIL) has said it aims to achieve a diversity ratio of 50 per cent by 2024 by increasing the participation of women in its factory workforce. BIL Chief Marketing Officer (CMO) Amit Doshi said that at present 38 per cent of the company's factory workforce is women. "We aim to achieve a diversity ratio of 50 per cent by 2024 from the current national average of 38 per cent across our factories," he said. At Britannia's Guwahati factory, the proportion of women in the workforce is 60 per cent and it will be increased to 65 per cent, he said. "We are proud to have a women workforce in areas typically dominated by men like engineering, taping and grinding as well as packing, housekeeping, pantry, lab testing, canteen and security," he said. For empowering women, the company has already launched a start-up challenge among woman entrepreneurs, Doshi said. So far, the company has provided seed capital of Rs 10 lakh each to 30 woman entrepreneurs fo

FMCG major Britannia Industries aims 50% women in workforce by 2024

FMCG major Britannia Industries said on Wednesday it aims to achieve a diversity ratio of 50 per cent by 2024 by increasing the participation of women in its workforce.

Britannia planning to increase women workforce in Assam plant to 65%

On account of International Women's Day, Britannia Industries on Tuesday announced it is planning to increase the women workforce at its largest northeastern plant near Guwahati this year.

Sell-off toll! HDFC twins, HUL, Dr.Reddy's among Nifty50 stks at 52-wk lows

Apart from the 8 stocks among the Nifty50 index, a total of 26 stocks too dropped to their respective 52-week lows among the Nifty500 index.

FMCG shares under pressure; Hindustan Unilever, Britannia hit 52-week lows

In the past six months, HUL and Britannia have underperformed the market by falling 20 per cent and 15 per cent, respectively, as against 1 per cent decline on the S&P BSE Sensex.

Britannia Industries appoints Amit Doshi as chief marketing officer

Doshi's appointment would be effective from January 17 and would take over from Vinay Subramanyam, who had left the company in December last year

ITC, Shree Cement most valuable companies in Bengal, says report

FMCG firm Britannia Industries, which has its registered office in Kolkata, in the third most valuable company in the state: Report

Britannia Industries rural business contribution may rise 50% in 3 years

The country's largest biscuit-maker Britannia Industries rural focus remains intact and company's rural revenue may touch 50 per cent in the next three years amid a gradual rebound in urban demand.

Sensex, Nifty end with marginal losses; M&M rallies 5% post Q2 results

Among sectors, the BSE Auto index jumped 1.3 per cent. The Capital Goods, Energy and Oil & Gas indices were also up around a per cent each. The Metal index, however, was down 0.8 per cent

Britannia, Aurobindo, Ujjivan SFB look weak on charts post Q2 results

Sobha Ltd, however, is expected to surge up to 14% indicates the daily chart.

Britannia Industries dips 5% on margin disappointment in Q2

The company said its operating margin contracted by 425 basis points (bps) to 14.09 per cent in Q2FY22 from 18.34 per cent in Q2FY21

Top headlines: India to buy 10 mn doses of ZyCoV-D; Britannia Q2 net falls

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Britannia ties up with Accenture to accelerate its digital transformation

Packaged-food major Britannia Industries has collaborated with the global IT and professional services company Accenture to accelerate its digital transformation across multiple retail channels. Accenture, through a digital transformation program, has helped Britannia Industries to accelerate innovation, capture value and improve the customer and supplier experience, a joint statement said. "For Britannia's large network of suppliers, this project will help streamline procurement and supply chain management, using SAP Ariba solutions to expedite digital onboarding, contract management and procurement processes," it said. The new system has increased the visibility and accessibility of data across the organization and enabled deeper use of automation and analytics to guide business decisions. "By digitizing more than 80 manufacturing units and 50 warehouses, Britannia can significantly reduce IT operational costs and unlock capital for innovation and growth initiatives," it ...

Consumption stocks zoom in 10 years despite fall in consumer spend

The Nifty Consumption index surged nearly 228 per cent in the last 10 years and has outperformed the frontline Nifty50 that moved up nearly 138 per cent during this period

HUL to Relaxo Footwears: Analysts upbeat on consumption-related stocks

Changes in the income-tax, likely good monsoon and the on-going above normal Rabi acreage along with higher MSPs are the key triggers analysts are betting on for the consumption revival

Exit route: Jeh quits boards of all listed Wadia group firms

With his withdrawal from the boards of Britannia Industries and Bombay Burmah Trading Corp, Jehangir Wadia is now out of all listed businesses of the 15-billion-dollar Wadia Group.