Page 3 - Britannia

Colgate, Pidilite, Britannia among Nuvama's top consumer bets; here's why

According to Nielsen, the consumer sector grew 4% Y-o-Y in Q1FY25, down from 6.6% in Q4FY24. Pricing saw a marginal increase of approximately 0.2 per cent, while volumes rose 3.8% Y-o-Y.

Britannia Q1 results: Net profit rises to Rs 506 crore, misses estimates

Analysts, on average, had expected a profit of 5.36 billion rupees, according to data from LSEG

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

From HUL to Britannia, FMCG companies continue to lag India Inc peers

A reversal in the fortunes of FMCG companies is, however, yet to reflect in their financial performance

Britannia expects double-digit volume growth after election: MD Varun Berry

Leading food products company Britannia Industries expects a "double-digit growth" in volumes post general elections and the monsoon season with a "manageable inflation", its Vice Chairman and Managing Director Varun Berry said on Monday. The company is "hopeful of recovery in consumption" this fiscal year with an expectation of stable inflation and a good monsoon. It anticipates a "healthy inflation" of around 3 per cent in FY25, which will also help achieve faster growth of its topline as it moves forward, Berry said in a post-earnings conference call. "Last quarter volume growth was two times the revenue growth. So I think volume growth this year, we expect them to be quite solid," he said. Barring a few months in FY25, which would be pretty similar to the last fiscal, Berry expects a double-digit volume growth for Britannia, maker of Good Day, Marie Gold, Tiger, Bourbon, and Milk Bikis biscuits. "The volume growth this year, we expect them to be quite solid. And I would think

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

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 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

Stocks to Watch: Tata Steel, Hero Moto, Britannia, GAIL, JK Tyre, Ambuja

Stocks to watch on November 2, 2023: Two-wheeler manufacturer Hero Moto's consolidated net profit rose 47.6 per cent YoY to Rs 1,007 crore in the September quarter

Britannia, CDSL, Polyplex among 5 low-risk stocks to add to your portfolio

Data Patterns (India) and Godfrey Phillips are the other two stocks which seem to be favourably placed on the charts, thus making a case for lower-risk at current levels.

From Hindustan Unilever to Britannia, FMCG stock rally skates on thin ice

Sector could run out of steam, given sharp slowdown in the industry revenue growth

Britannia began price cuts in April-June as commodity prices softened

The company continues to expand its rural distribution and now has 28,000 rural distributors onboard

Stocks to Watch today, Aug 07: Yatharth, TD Power, RIL, BoB, GNFC, Zen Tech

Stocks to watch on August 07, 2023: Shares of consumer discretionary such as Dixon Tech and Amber Enterprises are expected to be in focus after government relaxed curbs on laptop imports.

Businesses optimistic on demand, climatic factors a concern: Britannia

Businesses in India are optimistic on demand conditions despite apprehensions about global recession though challenges from a shortfall in monsoon due to 'El Nino' conditions still persist, said leading bakery and food company Britannia Industries. The trajectory of inflation during FY24 would depend on a host of domestic and global factors, said Britannia Industries in its latest annual report. "The outlook for the food prices and rural growth would depend significantly on climatic factors and adequacy of monsoon rainfall," it said. Any shortfall in monsoon due to the 'El Nino' conditions as forecasted, would also have a higher impact on rural consumption and the Indian economy as a whole. "Availability and prices of input materials like wheat, sugar, milk and edible oil could be affected, thereby posing severe risks to the business growth," it said. According to Britannia Industries, makers of popular brands such as Good Day, Tiger, NutriChoice, Milk Bikis, and Marie Gold, milk

Parle tops Kantar's in-home FMCG brand ranking for 11th consecutive year

Britannia leads the way in the most chosen out-of-home (OOH) brand category, while Frooti was the most chosen out-of-home beverage

Britannia's prospects promising on improving demand, lower input prices

While brokerages are positive on the stock, any resurfacing of inflation or increased competitive intensity are potential risks

Consumer preference, govt push make millets the darling of FMCG companies

An increased preference towards healthier food items has been registered since Covid-19. Consumers are now taking more time to read product labels before going for a purchase

Britannia forecasts around 3% input cost inflation for FY24: MD Berry

Britannia Industries Ltd, India's largest biscuit maker, has forecast low single-digit input cost inflation for the current fiscal year. The company said it is closely monitoring input costs and will remain watchful of competitive pricing activities. Britannia's plan has taken into account the low single-digit inflation of around three per cent for FY'24, company vice-chairman and MD Varun Berry told analysts at an earning concall. "We are now in a phase where inflation is going to be moderate and not what we've seen in the last two years," he said. Berry said Britannia haS taken pricing actions to offset inflation in the last fiscal year. However, with some softening of material prices in the second half of the year and stepped-up cost efficiencies, the company is evaluating if any corrections in price need to be made. Certain brands and packs have already seen price reductions or promotions, officials said. Britannia which had a very low volume growth in the last fiscal expects