Page 6 - Britannia

Former RBI Governor Urjit Patel appointed Additional Director of Britannia

He has been appointed as the Additional Director with effect from March 31 for a five-year period

Trading idea by Ajit Mishra: Sell April futures of Motherson Sumi

Motherson Sumi has witnessed a breakdown from a distribution pattern on the daily chart

Countryside is the new battleground for Nestle India, Britannia and Parle

Nestle India's aggressive shift to the hinterlands points to the growth that beckons in these areas; Britannia and Parle have already got there

Tata Consumer to replace Gail India in Nifty 50 effective March 31

Move is expected to result in passive inflows of $89 million (Rs 650 cr) in Tata Consumer. Gail could see outflows of $57 million (Rs 410 cr)

From Britannia to Nestle, consumer companies turn laggards on Street

BSE FMCG index has gained just 2.4% since the Union Budget, compared to the 11.4% rally in the benchmark during the period

Britannia net profit up 22% at Rs 453 cr, revenue rises 6% in Dec quarter

General trade, its largest channel, continues to grow at a healthy pace on the back of buoyancy in rural economy and urban recovery; challenges persist in other channels

Stocks to watch: Stove Kraft, Hero Moto, Britannia, M&M, Biocon, Tata Power

IRFC has sold $750 million worth of dollar-denominated bonds to overseas investors priced at a coupon of just 2.80 per cent per annum

Britannia Q3 preview: Analysts see 20%YoY jump in PAT, 9% volume growth

Sustained rural demand due to better rural economics driven by a strong kharif and rabi seasons, analysts at Sharekhan believe an over 9 per cent sales' volume growth may support overall numbers

Mrs Bectors subscribed 198 times, highest ever for a Rs 200-cr plus IPO

Generated bids worth over Rs 40,000 cr. Previously, only three tiny issues have garnered more than 200x subscription

Mrs Bectors Food IPO review: Play on large opportunity in biscuits, QSR

Healthy growth and sound fundamentals offer comfort

Protect, prioritse, pivot the new mantras as FMCG CEOs reboot for new year

Workforce protection top of mind for many CEOs at CII's annual FMCG summit held virtually, as world enters early vaccination stage

Britannia shifts focus to small packs as in-home consumption tapers

Rs 5 price point to the straddle portfolio as out-of-home consumption slowly comes back

Britannia expects rural to contribute 35% turnover in next 18 months

Food company Britannia Industries expects the rural segment to account for about 35 per cent of its total sales in the next 18 months from 30 per cent currently on the back of network expansion

Britannia's net profit jumps 23% to Rs 495.20 cr in Q2, revenue rises 12%

On a sequential basis, Britannia's net profit fell 8 per cent, while consolidated revenue was nearly flat

Tamil Nadu signs 14 MoUs worth Rs 10,000 cr, to create 7,000 new jobs

Among the companies that have committed investments are JSW Renew, Britannia, Apollo Tyres, Li-Energy for EV battery packs, Britannia and Hyundai Wia

Small firms losing market to big FMCG brands as buyers go for trusted names

Normalcy in operations, push into rural areas aid growth

High wastage keeps food companies from ploughing export benefits

The second of a 5-part series looks at the challenges in food export business

Covid-19 impact: Aviation, automobile sectors see worst tax outgo in Q1

Maruti Suzuki, Bajaj Auto, and Hero MotoCorp's tax collections were down 60-85 per cent.

Aarti Drugs to Tata Comm: Earnings rise for 15 firms in Covid-19 economy

These companies reported an increase in revenue and/or profit before tax for the March quarter

Britannia Q1 pre-tax profit jumps 88% to Rs 737 cr, revenue rises 26%

The company's volume growth for the period underreview stood at 22 per cent, higher than analysts' expectations of 17-20 per cent.