Britannia Industries Limited today issued a clarification addressing market rumours regarding potential disruption to its manufacturing operations due to industrial gas supply issues linked to the ongoing conflict in the Middle East.
In a press release, the company said it had received multiple enquiries regarding reports of possible operational disruptions due to industrial gas supply constraints in the country. However, Britannia clarified that its manufacturing facilities have not experienced any significant disruption due to the supply of industrial gas.
The company also stated that it currently maintains adequate levels of finished goods across its supply chain network to meet market demand, helping ensure uninterrupted product availability.
Britannia added that its manufacturing facilities use multiple fuel sources, including LPG, PNG, biomass and liquid fuels, which allows the company flexibility to switch between fuels where technically feasible. This operational flexibility helps the company mitigate potential risks arising from disruptions in the supply of any single fuel source.
The FMCG major further said it is closely monitoring developments related to industrial gas supply and will take necessary measures to ensure continuity of operations. Britannia also reiterated that it will make any required disclosures in accordance with SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
In the statement, the company expressed confidence that the Government of India is taking necessary steps to address any challenges that industries may face due to geopolitical developments in the Middle East.
The clarification was signed by Rakshit Hargave, Chief Executive Officer and Managing Director of Britannia Industries.