Berry will continue the hold of managing director at the company, the company said in a stock exchange filing
Among the brands Pandya is endorsing currently are Monster Energy drink, Gulf Oil, William Lawson scotch, boAt, and Britannia
The factory was set up in 2010 at the Pantnagar industrial estate to avail the tax incentives offered by the central government under a special package for Uttarakhand and Himachal Pradesh
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These companies that operated under the constraints of British rule before 1947 helped India become self-sufficient in various sectors after independence
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Between the April-June and July-September quarters of FY23, the biscuit major will take a price hike between 6 per cent and 7 per cent
The number of brands growing in terms of CRP improved in 2021 (70 per cent), over 2020 (56 per cent)
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The company delivered robust top-line growth of 15 per cent and a mid-single digit volume growth in March quarter (Q4FY22).
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
Palm oil is used in products like cooking oil, processed foods, cosmetics and biofuels.
In the past six months, the stock has declined 12 per cent, as compared to a 0.37 per cent decline on the S&P BSE Sensex.
Britannia will launch Good Day Harmony and two other variants in the premium segment
According to the technical analyst from Anand Rathi, Britannia is hovering near its 200 DSMA support which also coincides with the ICHIMOKU cloud on the weekly scale, thus the downside seems marginal
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.
Though valuations are reasonable, the stock lacks near term triggers
The company's cost of materials increased 8% from Rs 1,768 crore in Q2FY21 to Rs 1,915 crore in the corresponding quarter of FY22
The enterprise-wide programme is focused on modernising Britannia's business model by digitising essential services and processes, allowing the company to better respond to changing market trends
Its stock price is up 20% since the beginning of August, against 10% rally in Sensex