On a sequential basis, Britannia's net profit fell 8 per cent, while consolidated revenue was nearly flat
Among the companies that have committed investments are JSW Renew, Britannia, Apollo Tyres, Li-Energy for EV battery packs, Britannia and Hyundai Wia
Normalcy in operations, push into rural areas aid growth
The second of a 5-part series looks at the challenges in food export business
Maruti Suzuki, Bajaj Auto, and Hero MotoCorp's tax collections were down 60-85 per cent.
These companies reported an increase in revenue and/or profit before tax for the March quarter
The company's volume growth for the period underreview stood at 22 per cent, higher than analysts' expectations of 17-20 per cent.
Firm attributes encouraging show to its nimble culture, which helped it quickly adapt to the Covid-19 situation and meet market demand
The company's total revenue came in at Rs 3,420.67 crore, up 26.67 per cent against Rs 2,700.35 crore in the corresponding quarter of the previous fiscal.
National consumer brands outpace regional labels three years in a row, reports Kantar. Will the pandemic halt the trend?
According to a research by UK broking house, Investec Securities, in the near term, out of home consumption is expected to take a back seat as the lockdown keeps more people at home
Stock hits all-time high on growth uptick in April, May
Plans to scale up its croissants and salted snacks offerings put on backburner
The FMCG major said that after the initial hiccups, the firm coped up well and witnessed 20 per cent rise in revenues in April, and 28 per cent in May
A total of 18 companies, including the likes of Britannia, Indigo, and Motherson Sumi, are scheduled to announce their results today which will induce individual stock reactions
In the earnings department, a total of seven companies including Britannia, Bharti Infratel, and Hathway Cable are scheduled to announce their March quarter results today
The company is holding an inventory of up to 11 days which is witnessing a depletion for the past one week
Necessary permits need to be immediately issued to all of them, said Britannia Industries MD Varun Berry.
FMCG majors HUL and Nestle have been jointly ranked first in the industry for their approach to nutrition in the 'India Access to Nutrition Spotlight Index'. They were followed by food and beverages major PepsiCo India, Britannia Industries and Coca-Cola India. The index is published by Access to Nutrition Index (ATNI) and hosted by Access to Nutrition Foundation, an international not-for-profit organisation. ATNI report is published once in every three years and this is the second edition of India Spotlight Index. India was selected as a spotlight country as it has a rapidly developing food and beverages sector, a statement said. The initiative is supported by the Bill & Melinda Gates Foundation and the governments of the UK and the Netherlands. This season, 16 largest companies in India's food and beverage sector were assessed with the aim to encourage these companies to improve their nutrition practices, it added. The other companies were Amul, Mondelez India, Mother Dairy, ..
Mondelez pushes its biscuit brand out of the playpen, looks for a more meaningful association with consumers