britannia | Business Upturn

Britannia clarifies on industrial gas supply disruption rumours; says operations remain unaffected and have enough goods to meet demand

Markets Desk — Fri, 13 Mar 2026 07:10:37 +0000

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.

Top stocks to watch today, August 6: Bharti Airtel, Lupin, Britannia, NCC, Gland Pharma and more

Aman Shukla — Wed, 06 Aug 2025 03:05:38 +0000

The Indian stock market is likely to see stock-specific action today, August 6, as several companies have announced their Q1 earnings, signed key deals, or received regulatory clearances. Here’s a quick look at the stocks that could be in focus:

Bharti Airtel
The telecom major posted largely in-line Q1 results. Notably, its India mobile business revenue rose 2.9% on a sequential basis.

Defence Sector Companies
Defence-related stocks may see movement as the Defence Acquisition Council has cleared proposals worth ₹67,000 crore.

Lupin
The pharma company beat expectations in Q1. US sales grew 22% year-on-year, and its operating margin improved to 27.6% from 22% a year ago.

Cummins India
Cummins Plc reported a 1% decline in revenue from all Indian entities, a smaller drop compared to the 14% fall in the previous quarter.

PB Fintech
As per reports, the company has acquired the pension advisory platform Pensionbazaar.com.

Container Corporation of India (CONCOR)
The company’s EXIM (export-import) business revenue rose 6% year-on-year. Consolidated profit also improved by 3% over the same period.

IRCTC
The Reserve Bank of India has granted approval for IRCTC Payments to operate as an online payment aggregator.

Gland Pharma
Q1 performance came in ahead of estimates, driven by a 29% year-on-year rise in revenue from its Europe business.

Sheela Foam
The company reported a 27.5% rise in EBITDA for the quarter. Margins stood at 9.16%, up from 7.28% last year.

Astra Microwave
The firm secured an order worth ₹135 crore from the Defence Research and Development Organisation (DRDO).

Updater Services
EBITDA declined 4% year-on-year, with margins narrowing to 5.6% from 6.26%.

HG Infra
The company received a Letter of Acceptance (LoA) for building an integrated material handling facility at the Naval Dockyard in Mumbai.

CCL Products
Strong operational performance in Q1: revenue surged 36.5% and EBITDA increased by 23% year-on-year.

Britannia
Q1 results were below expectations. Gross margin dropped 310 basis points, while volume growth came in at 2%, compared to market expectations of 4–5%.

Torrent Power
Muted performance in Q1, with margins slipping to 18.7% from 20.6% a year ago.

Gujarat Gas
Volumes were down 19% and revenue fell 5.5% on a quarter-on-quarter basis.

Bharti Hexacom
Posted a soft Q1. EBITDA declined 2.5% sequentially.

NCC
EBITDA was down 4.3% and net profit dropped 8.4% year-on-year.

Godawari Power
Reported a 21% drop in EBITDA. Margins came in at 25.7%, down from 31.8% last year.

Automotive Axles
EBITDA declined by 2.6%, while margins remained flat on a year-on-year basis.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Britannia CEO Rajneet Singh Kohli resigns; to step down on March 14

Aditya Bhagchandani — Thu, 06 Mar 2025 09:08:23 +0000

Britannia Industries Limited has announced that its Executive Director and Chief Executive Officer (CEO), Rajneet Singh Kohli, has resigned from his position, effective March 14, 2025. According to the company’s filing with the BSE and NSE, Kohli has stepped down to pursue an opportunity outside Britannia.

The Board of Directors acknowledged Kohli’s resignation through a circular resolution passed on March 6, 2025. His tenure at Britannia saw several strategic initiatives, including market expansion and strengthening of its biscuits and dairy segment.

Kohli’s resignation marks a significant leadership transition for Britannia, which remains one of India’s largest FMCG companies. The company has not yet announced his successor, and further updates on leadership changes are expected in the coming weeks.

Investors and industry analysts will closely watch Britannia’s next move, given the company’s strong market position and ongoing expansion plans.

Britannia shares jump 2% as net profit rises 5% YoY in Q3

Aman Shukla — Fri, 07 Feb 2025 03:52:50 +0000

Britannia Industries Ltd witnessed a 2% surge in share price during morning trade following the release of its Q3 FY25 financial results on February 6. As of 9:21 AM, the shares were trading 1.73% higher at Rs 5,041.75.

The leading FMCG company reported a 5% year-on-year (YoY) rise in net profit, reaching ₹582 crore for the October-December quarter, compared to ₹556 crore in the same period last year.

Britannia’s revenue from operations grew 6.4% YoY to ₹4,463 crore, up from ₹4,191.83 crore in Q3 FY24. The company’s performance reflects robust demand and effective pricing strategies in the biscuit and bakery segment.

Total expenses for the quarter increased 9% YoY to ₹3,875 crore, primarily due to higher raw material costs. The cost of materials consumed surged 24% YoY to ₹2,630 crore, compared to ₹2,129 crore in Q3 FY24, impacting overall margins.

Britannia Industries’ shares opened at ₹5,010, reaching a high of ₹5,075.40 and a low of ₹4,970.10. The stock remains below its 52-week high of ₹6,469.90 but above its 52-week low of ₹4,641.

Nifty 50 top losers on 12 November: Britannia, Bharat Electronics, NTPC and more

Aman Shukla — Tue, 12 Nov 2024 10:31:25 +0000

On Tuesday, November 12, 2024, Indian equity markets experienced a significant downturn, with both the benchmark BSE Sensex and NSE Nifty50 indices closing over 1% lower. The BSE Sensex ended the day at 78,675.18, losing 820.97 points, or 1.03%, while the NSE Nifty50 finished at 23,883.45, dropping 257.85 points, or 1.07%.

Several stocks within the Nifty 50 index saw substantial losses, contributing to the overall market decline. Among the top underperformers were companies like Britannia Industries, Bharat Electronics and NTPC, which witnessed significant dips in their stock prices. Take a look below at the top 10 losers (as per Trendlyne) of NIFTY 50 today.

Nifty 50 top losers

Name	LTP	Change(%)
Britannia Industries Ltd.	5027.6	-407.10 (-7.5%)
Bharat Electronics Ltd.	290.2	-9.60 (-3.2%)
NTPC Ltd.	380.3	-12.25 (-3.1%)
HDFC Bank Ltd.	1718.2	-48.10 (-2.7%)
Asian Paints Ltd.	2474.9	-68.25 (-2.7%)
State Bank of India	826.7	-20.95 (-2.5%)
Tata Motors Ltd.	784.9	-19.85 (-2.5%)
Bajaj Auto Ltd.	9678.7	-240.65 (-2.4%)
Shriram Finance Ltd.	2931.2	-68.25 (-2.3%)
Maruti Suzuki India Ltd.	11143.1	-256.60 (-2.3%)

Britannia shares fall nearly 3% today following Q2 FY25 results – Know More

Aditya Bhagchandani — Tue, 12 Nov 2024 03:51:20 +0000

Shares of Britannia Industries Ltd. are in focus today, after the bakery major reporting a 9.4% year-on-year decline in net profit for the second quarter of FY25. The company posted a net profit of ₹531.6 crore for the quarter ending September 30, 2024, down from ₹586.5 crore in the same period last year.

Revenue from operations, however, saw a 5.3% increase to ₹4,667.6 crore, compared to ₹4,433 crore in the previous fiscal.

The Q2 earnings fell below expectations from international brokerages. Goldman Sachs noted that while Britannia experienced high single-digit volume growth, the revenue growth was lower than anticipated, and the EBITDA margin faced significant pressure, likely to continue due to rising input costs in H2FY25. The brokerage maintained a ‘neutral’ rating with a target price of ₹5,350 per share.

As of 9:21 am the shares were trading 2.87% lower at ₹5,278.70 on NSE.

Similarly, Morgan Stanley retained an ‘equal-weight’ rating, citing downside risks due to inflationary pressures impacting demand and profitability. The brokerage has a target price of ₹5,424 per share. Japanese brokerage Nomura and Investec also issued cautious outlooks, with Nomura maintaining a ‘neutral’ stance and Investec a ‘hold’ rating, both pointing to Britannia’s ongoing margin challenges.

Over the past 12 months, Britannia shares have underperformed, gaining around 15%, compared to the Nifty 50’s 25% rise in the same period.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Britannia Q2 FY25 Results: Revenue grows 5.3% to Rs 4,667 crore, profit falls

Markets Desk — Mon, 11 Nov 2024 12:44:37 +0000

Britannia Industries Limited reported its consolidated financial results for the second quarter of FY25, showcasing a solid year-on-year performance in both revenue and profitability. The company’s revenue from operations reached Rs 4,667.57 crore for the quarter ending September 30, 2024, marking a 5.3% increase from Rs 4,432.8 crore in the corresponding quarter last year.

The profit for the period declined to Rs 531.55 crore, reflecting a year-on-year decline of 9% compared to Rs 586 crore in Q2FY24.

Quarterly Financial Highlights (YoY):

Revenue from Operations: Rs 4,667.57 crore, up by 5.30% from Rs 4,432.8 crore.
Profit for the Period: Rs 531.55 crore, a decline of 5.38% from Rs 586.50 crore.

The company attributes its growth to effective cost management, robust sales channels, and an increased focus on product innovation.

Nifty 50 top losers on 11 November: Asian Paints, Britannia, Apollo Hospitals and more

Aman Shukla — Mon, 11 Nov 2024 10:29:43 +0000

The Indian stock markets concluded Monday’s session on a mixed note, with minimal movement amid a volatile trading day. The BSE Sensex, India’s primary equity index, closed at 9.83 points (0.01%) to settle at 79,496.15. Meanwhile, the NSE Nifty50 closed slightly lower, dipping by 6.90 points (0.03%) to end at 24,141.30.

Several major stocks in the Nifty 50 index witnessed losses, with Asian Paints, Britannia Industries and Apollo Hospitals emerging as the top underperformers. Take a look below at the top 10 losers (as per Trendlyne) of NIFTY 50 today.

Nifty 50 top losers

Name	LTP	Change(%)
Asian Paints Ltd.	2543.1	-226.35 (-8.2%)
Britannia Industries Ltd.	5434.7	-312.50 (-5.4%)
Apollo Hospitals Enterprise Ltd.	7155.5	-265.95 (-3.6%)
Cipla Ltd.	1552.8	-39.80 (-2.5%)
Oil And Natural Gas Corporation Ltd.	256.9	-5.65 (-2.2%)
JSW Steel Ltd.	979.0	-17.40 (-1.8%)
Tata Steel Ltd.	145.0	-2.56 (-1.7%)
Tata Consumer Products Ltd.	976.0	-17.00 (-1.7%)
Bajaj Finance Ltd.	6778.8	-117.15 (-1.7%)
Mahindra & Mahindra Ltd.	2930.6	-44.30 (-1.5%)

Britannia Q2 results: Stock drops 4% ahead of result announcement

Aman Shukla — Mon, 11 Nov 2024 08:09:58 +0000

Britannia Industries’ stock experienced a notable decline of more than 4% ahead of its upcoming Q2 earnings announcement.

The shares opened at ₹5,801.65, peaked at ₹5,902.15, and hit a low of ₹5,481.10 during the trading session. The company’s stock is currently trading between its 52-week high of ₹6,469.90 and low of ₹4,621.00.

Investors are keeping a close watch on the results, with market sentiment reflecting caution as they await the financial performance for the second quarter.

As of 1:41 pm, Britannia shares were trading 3.90% lower at Rs 5,522.80 on the NSE.

Stock in Focus: Britannia Industries and Bel Group open new cheese manufacturing plant

Aditya Bhagchandani — Thu, 10 Oct 2024 00:38:37 +0000

Britannia Industries, in collaboration with Bel Group, has launched a new cheese manufacturing plant in Ranjangaon, Maharashtra.

The facility is part of their joint venture, Britannia Bel Foods, and will focus on producing The Laughing Cow cheese products to cater to growing consumer demand in India. With this new plant, Britannia aims to capture a larger share of the domestic cheese market, which has seen increased demand for high-quality cheese products.

This facility will also contribute to making premium cheese more accessible to Indian consumers. The joint venture represents a significant step forward in Britannia’s strategy to expand its presence in the dairy segment.

Britannia Industries Share Price history

Day	Open	Close	Day’s change
Wed, Oct 9 2024	₹6,158.65	₹6,097.25	-1.73%
Tue, Oct 8 2024	₹6,137.70	₹6,204.40	+1.37%
Mon, Oct 7 2024	₹6,222.65	₹6,120.30	-1.38%
Fri, Oct 4 2024	₹6,278.25	₹6,206.00	-1.99%
Thu, Oct 3 2024	₹6,444.20	₹6,331.75	-1.77%
Tue, Oct 1 2024	₹6,306.90	₹6,446.05	+1.70%
Mon, Sep 30 2024	₹6,252.65	₹6,338.15	+1.11%
Fri, Sep 27 2024	₹6,237.70	₹6,268.80	+0.24%

Britannia shares surge over 7% on positive Q4 earnings

Aditya Bhagchandani — Mon, 06 May 2024 07:04:30 +0000

Britannia Industries shares surged over 7% on May 6 after reporting fourth-quarter earnings in line with estimates. The company’s volume growth exceeded expectations, contributing to the rise in share value.

The regulatory filing further indicates that in the March quarter, the company posted a consolidated net profit of Rs 536.61 crore, which is a 3.76% decline from the previous year’s Rs 557.60 crore. At the same time, the company’s total revenue reached Rs 4,069.36 crore, which is a 1.14% increase from Rs 4,023.18 crore the previous year.

Sequentially, the net profit saw a 3.2% decline from Q3FY24, standing at Rs 556.39 crore. Similarly, the revenue witnessed a 4.2% decrease from Q3FY24, reaching Rs 4,126.70 crore.

As of 12:10 PM, the shares of Britannia Industries were trading 7.77% higher at ₹5,113.35 on the National Stock Exchange (NSE).

Stocks To Watch Today: Britannia, Nykaa, NLC India, Lupin, Biocon, Kotak Mahindra Bank

Markets Desk — Tue, 06 Feb 2024 23:15:09 +0000

The US markets ended in the green overnight after a day of correction. Back home too, both Sensex and Nifty ended the session in the green propelled by buying in Auto and IT stocks. Nifty and Sensex ended higher by nearly 0.7%.

Top stocks to watch today are Britannia, Nykaa, NLC India, Lupin, Biocon, and Kotak Mahindra Bank.

Britannia: Britannia Industries Ltd announced a 40 percent decline in its consolidated net profit for the quarter ending December 31, 2023, registering at Rs 556 crore compared to Rs 932 crore in the corresponding period last year. The results slightly fell short of Street estimates, which anticipated a net profit of Rs 566 crore based on a poll of six brokerages.

Nykaa: Nykaa has announced a net profit of Rs 17.5 crore in the quarter ending December, marking a significant 106 percent increase from the same period last year. Comparatively, Nykaa had reported a net profit of Rs 8.5 crore in Q3FY23. The company’s EBITDA margin witnessed growth, expanding to 5.5 percent for the quarter, up from 5.3 percent in the corresponding quarter of the previous year.

NLC India: NLC India shares will be in focus today after the company posted a healthy set of Q3 earnings, registering a net profit of Rs 250.4 crore against a loss of Rs 406.7 crore posted during the same period last year. However, its income from operations dropped 14% on a YoY basis to Rs 3,164 crore.

Lupin: Lupin shares will be in focus as the company has received approval from US FDA for its abbreviated new drug application for Bromfenac ophthalmic solution which is to market a generic equivalent of BromSite ophthalmic solution of Sun Pharmaceutical Industries in US.

Biocon: Biocon has received tentative approval for its ANDA for Dasatinib tablets from the US FDA. The product is indicated for use in the treatment of Philadelphia chromosome positive chronic myeloid leukemia in adults.

Kotak Mahindra Bank: CCI approved acquisition of 70% stake in Kotak Mahindra General Insurance Company by Zurich Insurance Company.

Britannia Industries reports 40% dip in Q3 Net Profit

Aditya Bhagchandani — Tue, 06 Feb 2024 14:53:16 +0000

Britannia Industries Ltd announced a 40 percent decline in its consolidated net profit for the quarter ending December 31, 2023, registering at Rs 556 crore compared to Rs 932 crore in the corresponding period last year. The results slightly fell short of Street estimates, which anticipated a net profit of Rs 566 crore based on a poll of six brokerages.

Sequentially, the company’s profit also slipped by 5 percent from Rs 587 crore in the previous quarter.

This subdued growth in Q3 FY24 is attributed to several factors including a high base effect, price reductions, intense competition, and low single-digit volume growth.

Despite these challenges, Britannia’s revenue from operations saw a marginal increase to Rs 4,256 crore from Rs 4,196 crore in the same quarter last fiscal. Analysts had predicted a 3 percent year-on-year revenue growth at Rs 4,303 crore for the quarter.

The company, known for brands like Jim Jam and NutriChoice biscuits, reported a 2 percent decline in consolidated profit before exceptional items and tax, amounting to Rs 761 crore for the third quarter compared to Rs 774 crore in the previous year.

Notably, Britannia had recorded a one-off gain of Rs 376 crore from a stake sale in the year-ago quarter.

In response to market dynamics, Britannia had previously announced price reductions on certain products, responding to competitors’ strategies leveraging declining raw material expenses to lower prices and attract more consumers.

Shares of Britannia closed 2.24 percent lower at Rs 5,006.20 apiece on the Bombay Stock Exchange (BSE) on February 6, ahead of the earnings announcement.

Britannia Q1 results: Net profit boosts to Rs 455.5 crore, revenue jumps to Rs 4,064 crore YoY

Adesh Dixit — Fri, 04 Aug 2023 15:24:37 +0000

On August 4, Britannia Industries Ltd. declared a consolidated net profit of Rs. 455.45 crore for the June quarter of FY24, up 35% from Rs. 335.74 crore reported the prior year.

The company recorded a sequential 18.3% decline in earnings from Rs 557.60 crore.

According to a regulatory filing, the company’s revenue climbed 8.36 percent from Rs 3,700.96 crore a year ago to Rs 4,010.70 crore, while it decreased 0.31 percent sequentially.

Most of the time, revenue matched expectations, while net profit fell short. Brokerages surveyed predicted Britannia’s net profit would be Rs 517 crore and revenue would be Rs 4101 crore.

EBIDTA, or earnings before interest, tax, depreciation, and amortization, increased by 37.6% to Rs 689 crore. EBIDTA margin increased by 370 basis points to 17.2 percent. One hundredth of a percentage point is known as a basis point.

“We just had a very successful fiscal year that saw an economic recovery amidst historically high inflation rates. We took the lead on pricing decisions as market leaders to counteract inflation and retain profitability. However, this quarter saw a little easing in commodity prices, which led to an increase in local competitiveness. Given that circumstance, some price adjustments were made in order to maintain profitability, remain competitive, and continue to grow top line. Managing Director and Executive Vice Chairman Varun Berry stated.

On August 4, Britannia’s stock price on the NSE ended the day 0.08 percent higher at Rs 4802.55.

NIFTY 50: Britannia, TATA Steel, LT among closes among top losers for today (March 6)

Aditya Bhagchandani — Mon, 06 Mar 2023 10:25:24 +0000

It was an important day to see the top losers of the day as the Friday rally across all sectors hinted at a downward trend for Monday (March 6).

Positively, the Nifty crosses 17,700, while the Sensex rises 450 points on Monday, with major gains in IT and financial stocks.

When it comes to the top losers of the day, Britannia was the top loser with a -1.97% change. While Tata Motors was the second top gainer of the day, Tata Steel was among the top losers.

Here are today’s top losers –

Symbol	LTP	%	Traded	Traded	Open	High	Low	Prev.
		Change	Qty	Value				Close
				(in Lakhs)
BRITANNIA	4,325.00	-1.97	6,81,468	29,410.73	4,389.00	4,389.00	4,279.90	4,411.95
TATASTEEL	105.85	-1.07	10,68,55,154	1,13,298.52	107.5	107.6	105	107
JSWSTEEL	675.2	-1.04	12,14,748	8,234.05	683.5	683.8	673.35	682.3
HINDALCO	414.5	-0.58	50,70,005	21,154.60	419	422.2	413.9	416.9
LT	2,140.00	-0.56	18,20,755	39,268.41	2,158.25	2,184.85	2,139.80	2,152.05
INDUSINDBK	1,123.80	-0.23	36,23,370	40,916.18	1,132.00	1,140.00	1,116.65	1,126.40
SUNPHARMA	965.25	-0.17	19,88,902	19,317.61	970	979.5	963.8	966.9
DIVISLAB	2,848.45	-0.07	1,96,346	5,613.30	2,860.00	2,881.00	2,842.00	2,850.40
KOTAKBANK	1,750.55	-0.03	51,86,824	90,860.19	1,756.30	1,764.60	1,741.45	1,751.00
ULTRACEMCO	7,214.95	-0.01	1,54,754	11,154.22	7,244.00	7,255.50	7,191.00	7,215.95

Data source: NSE India (3:45 pm update)

Stocks to watch: Adani Enterprises, Britannia, Maruti, LIC, TVS and more

Aryan Jakhar — Thu, 02 Feb 2023 02:32:11 +0000

Here are the top 10 stocks that could be in focus in today’s trade:

Adani Enterprises: On February 1, Adani Enterprises stated that its board of directors has decided not to proceed with the fully subscribed follow-on public offer (FPO). According to a stock regulatory filing, the business intends to defend the interests of its investing community by returning the FPO funds and withdrawing the completed transaction. The business has taken the following measures in response to the crash in the shares of Adani Group firms: Meanwhile, markets regulator SEBI is investigating the run and any suspected violations in its flagship company’s recent share sale, according to Reuters.

Britannia Industries: FMCG behemoth Britannia recorded a 152% increase in consolidated net profit to ₹932.40 crore on Wednesday. According to the company’s regulatory filing, this compares to a net profit of Rs. 369.18 crore. Consolidated revenue from operations increased by 16% to ₹4,101.49 crores, up from ₹3,530.70 crores in the previous fiscal quarter. Britannia said that the net profit comprises an unusual gain (net of tax) of ₹359 crores as a result of a joint venture with Bel SA and the subsequent sale of a 49% equity investment in its subsidiary, Britannia Dairy Private Limited, as well as a fair valuation of the remaining 51% ownership.

SBI Life, LIC, and HDFC Life: With the new tax proposal on higher premium annuity products in the budget, the life insurance sector is concerned that its top lines would be affected by 10–12%. Vibha Padalkar, chief executive of leading private life insurer HDFC Life, told PTI that the budget plan to tax life products with annual premiums of more than ₹5 lakh will have a 10-12% impact on the company’s top line. She is also concerned that the enhanced tax exemption band of ₹7 lakh, as well as the significant fall in the highest surcharge on the wealthy to 39% from 42.74% previously, would encourage them to spend more and save less.

Jubilant Foodworks: Jubilant Foodworks Ltd (JFL), which operates fast-food brands Domino’s Pizza and Dunkin’ Donuts, announced a 39.66% drop in its consolidated net profit for the third quarter ended December 31, 2022, to ₹80.36 crore on Wednesday. Jubilant Foodworks Ltd. (JFL) reported a consolidated net profit of ₹133.19 crore in the October-December quarter of the previous fiscal, according to a regulatory filing. Its revenue from operations increased 10% year over year to ₹1,331.81 crore from ₹1,210.77 crore in the previous quarter.

Syngene International: Biocon Ltd divested a 10% stake in its research unit Syngene International in open market transactions on Wednesday for ₹2,240 crore.Among those who have purchased shares are the Government of Singapore, Abu Dhabi Investment Authority, Monetary Authority of Singapore, ICICI Prudential Mutual Fund, Morgan Stanley Asia Singapore Pte, and Norges Bank on behalf of the government pension fund worldwide. Biocon, the promoter of Syngene International, sold a total of 4,00,00,000 shares, equating to 9.96% ownership in the business, according to block deal data accessible through the BSE.

Maruti Suzuki/Tata Motors/M&M: Auto companies like Maruti Suzuki, Tata Motors, M&M Ltd., TKM, Kia India, and Hyundai reported improvement in car sales statistics in January 2023. MG Motor and Honda, on the other hand, reported a drop in sales volume over the same time period. Total domestic passenger car sales were 1,55,142 units, up from 1,36,442 units in the same time period the previous year, representing a 14% increase.

Tata Chemicals: Tata Chemicals recorded a 21.42 percent increase in overall net profit for the December quarter to ₹425 crore on Wednesday. According to a regulatory statement, the company’s net profit during the preceding fiscal term was ₹350 crore. The company’s revenue from operations increased by 32.05 percent to ₹4,148 crore during the quarter under review, compared to ₹3,141 crore at the same time last year.

Ashok Leyland: The Hinduja Group’s flagship company, Ashok Leyland, reported a threefold increase in earnings after tax to ₹361 crore for the third quarter ended December, boosted by strong sales.In the previous fiscal’s October-December quarter, the firm had a profit after tax of ₹6 crore. The business stated in a statement that revenue for the quarter was ₹9,030 crore, up from ₹5,535 crore the previous year. Ashok Leyland reported a 69% increase in domestic medium and heavy commercial vehicle volume year on year to 28,221 units.

TVS Motors: According to data provided on Monday, two- and three-wheeler manufacturer TVS Motor Company sold 275,115 units in January 2023. Sales increased by 3% over the previous year, when the business sold 266,788 units. Its two-wheeler sales increased by 4% to 264,710 units in January 2023 from 254,139 units the previous year, supported by a 29% increase in domestic two-wheeler sales to 216,471 units in January 2023 from 167,795 units in January 2022, according to TVS Motor.

Raymond Ltd.: Raymond reported a 4.42% drop in its December quarter net profit to ₹96.60 crore on Wednesday, owing mostly to a one-time tax blow. Raymond stated in a regulatory filing that the business had a net profit of ₹101.07 crore during the previous fiscal year’s October-December quarter. Its revenue from operations increased 17.61% to ₹2,168.16 crore in the current quarter, compared to ₹1,843.39 crore the previous year. According to Raymond, it has generated the “highest-ever revenues in a quarter.”

Mahindra Logistics: Mahindra Logistics Ltd (MLL) reported a flat profit after tax of ₹1 crore in the December quarter on Wednesday. According to a statement, the company’s profit after tax (PAT) was ₹12 crore before the impact of its Rivigo purchase. It announced the acquisition of Rivigo’s B2B express division in September last year. The transaction was finalised in November 2022. However, revenue increased 17% to ₹1,330 crore in the current quarter from ₹1,136 crore in the previous year, according to the business.

Ranjeet Kohli as CEO, Varun Berry as MD for Britannia

Dipankar Ray — Fri, 23 Sep 2022 17:14:33 +0000

Ranjeet Kohli has been named as the executive director and chief executive officer of Britannia Industries, the company that makes the well-known Good Day and Tiger biscuits. Varun Berry has been promoted to Executive Vice-Chairman and Managing Director, the business recently revealed. According to a BSE filing by the Britannia industries, Kohli will assume the post on September 26, 2022, and will report to Varun Berry.

“As one of India’s leading food companies with over a 100-year legacy, Britannia has an exceptional track record of innovation and serving consumers with exemplary standards. I feel privileged and am truly excited for what lies ahead of us at Britannia”. Ranjeet Kohli said in a statement released after the appointment.

On the other hand, Varun Berry said, “I am delighted to welcome Rajneet to Britannia. His experience in building high-performance businesses and profitable brands is strongly aligned with our vision of becoming a Responsible Global Total Foods Company. Ranjeet’s proven track record of scaling up businesses and building highly engaged teams makes him a perfect fit for the Organization. I look forward to partnering with Rajneet to lead us to the next phase of growth,” he further added.

As expenditures increased, Britannia reported a 13.4 per cent decline in June-quarter earnings in August, below analyst expectations. Britannia is a 100-year-old which is present in several continents Africa, North America, Europe, etc.

(With Inputs from Reuters)

Urjit Patel steps down as non-executive independent director of Britannia

Himanshu Mishra — Sat, 29 Jan 2022 12:05:09 +0000

Former governor of Reserve Bank of India, Urjit Patel quit the position of non-executive and independent director at packaged foods company Britannia Industries Ltd. He gave the reason behind his resignation to be a full-time work assignment beginning next month.

“It has been a pleasure to have been a part of the Board of the Company. Due to my new full-time work assignment starting next month, the attendant time constraint has compelled me to tender my resignation as an independent Director of Britannia Industries Ltd. from January 31, 2022,” Patel wrote in a letter that was shared on the exchanges late on Friday.

“I hereby confirm that there is no reason other than the one mentioned above for my resignation,” according to the letter released to the exchanges.

Patel was recently appointed as vice president for investment operations in South Asia at the Beijing-based Asian Infrastructure Investment Bank (AIIB), in the place of a former bureaucrat from Gujarat, D J Pandian. AIIB is a multilateral development bank that intends to boost economic and social developments in Asia. The bank presently has 104 members, comprising 17 prospective members from around the world.

The appointment of Patel will be operational from February 1, AIIB told in a statement. However, Patel who was the 24th governor of the Reserve Bank of India had abruptly resigned in December 2018 citing “personal reasons.”

Jehangir Wadia steps down from managerial boards of Britannia and Bombay Burmah

Vandana Nampoothiri — Wed, 25 Aug 2021 05:52:50 +0000

Jehangir Wadia (also known as Jeh Wadia), son of Wadia Group chairman Nusli Wadia stepped down from managerial roles at several Wadia Group firms including Britannia Industries Ltd and Bombay Burmah Trading Corp.

Earlier, Wadia had quit the board of Go Airlines (now rechristened as Go First) and Bombay Dyeing.

In an annual report published last week, Britannia said that Wadia did not offer himself for re-appointment to managing director post.

“Mr Jehangir N Wadia, Non-Executive Director, who retires by rotation at the ensuing AGM in terms of Section 152 of the Companies Act, 2013, has not offered himself for re-appointment. The Board of Directors at their Meeting held on 30 July 2021 resolved not to fill the resulting vacancy and the same is placed before the Members at the ensuing AGM for their approval.” The report stated.

Sources close to the matter told LiveMint that Wadia resigned from the posts due to differences with his father, Nusli Wadia.

According to Hindustan Times, Go First in its draft documents for initial public offering(IPO) had mentioned that the firm was exploring legal action against Jeh Wadia, the company’s managing director until March 2021. Go First added that Jeh who owned the ‘Go Air’ brand name through a privately held firm, had made ownership claims over the brand and related trademarks.

Bombay Dyeing and Bombay Burmah had mentioned Jeh Wadia’s resignation in their annual reports.

Which are the top FMCG companies in India?

Abhinay Talkhedkar — Mon, 09 Aug 2021 16:16:43 +0000

What are FMCG’s? Fast-Moving Consumer Goods (FMCG) are commodities that are traded rapidly and at a moderately low expense. It is extending its arms and ensuring safety and quality to the entire country. People love specific brands and the reason behind the success of such brands is continuous innovation. Every company tries to make an impact on the lives of people. An institution becomes successful when tries to cover every personal and universal aspect of existence.

Hindustan Unilever Ltd

It is India’s biggest fast-moving consumer goods (FMCG) corporation. For almost 80 years, It has been permeating in India like an incense stick. If we try to make a list of the top 5 FMCG, then It will attain the first position. HUL brands are used by 9 out of 10 Indian families. The sections utilized by people include Beauty and PersonalCare, Home Care, Refreshments, Snacks, etc. Every corner of India is covered by HUL.

Revenue of HUL: Rs 40,511 Cr

Employers in HUL: 5,645

Dividend Yield: 1.05 %

ROE: 81.95 %

Promoter holding: 67.18 %

Debt to equity: 0.01

Market Cap: 451,666 Cr.

Sales Growth (3Yrs): 6.89 %

HUL is a place where over 40 brands get manufactured. Fabric Wash, Purifiers, Household Care, Personal Wash, Hair, Skin, Oral Care, Colour Cosmetics, Deodorants, Frozen items, Beverages, Ice Cream, Desserts, etc. The company has served and is serving millions of people by supplying customary products like Surf Excel, Wheel, Vim, Rin, Clinic Plus, Vaseline, Dove, Fair & Lovely, Sunsilk, Closeup, Brooke Bond, etc.

ITC Limited

It was Founded in 1910. ITC is an assorted alliance with companies extending FMCG. It produces Foods, Cigarettes, Personal Care, Educational and Stationery Products, Branded Apparel, Incense Sticks, Hotels, Safety Matches, etc. It also is famous for Information Technology and Agricultural -Business

Revenue of ITC: Rs 51,321 Cr

Sales Growth (3Yrs): 7.25 %

Market Cap: 320,094 Cr.

ROE: 22.69 %

Debt to equity: 0.00

Price to book value: 5.47

Imperial Tobacco Company of India Limited was assimilated on August 24, 1910. It is the second largest in various lists of FMCG. The privilege of being Indian forced them to change the name of the company. In 1970, It was renamed Ia Tobacco Company Limited and was re-renamed as IC. Limited in 1974.

Nestlé

As far as food and beverage are carecerned, It is the biggest company in India. It has products ranging from universal elements to regional choices. The company is famous for possessing more than 2000 brands in 191 countries in this entire world. NESTLÉ India has expanded its business by establishing 8 manufacturing capabilities & 4 departmental offices. In 1961, NESTLÉ India inaugurated its first manufacturing capability at Punjab. After that, Choladi, Nanjangud, Samalkha, Ponda, Pantnagar, etc.

Revenue of Nestlé: 12,117 Cr

Market Cap: 139,532 Cr.

Sales Growth (3Yrs): 11.37 %

Promoter holding: 62.76 %

ROE: 45.30 %

Price to book value: 34.93

Britannia Industries

It is one of India’s longest-running with a heritage of 100 years. It is one of the leading and trusted food brands. It is known for Good Day, NutriChoice, Tiger, Marie Gold, Milk Bikis. Every household is familiar with these names. A diverse portfolio of Britannia includes Cakes, Biscuits, Rusk, Cake, Dairy products, etc.

Revenue of Britannia: 11,211 Cr

Market Cap: 75,893 Cr.

ROE: 30.25 %

Debt to equity: 0.04

Price to book value: 17.84

Sales Growth (3Yrs): 9.60 %

Promoter holding: 50.66 %

Britannia is a brand of many generations. Indian grandfathers gave offered these products to their grandchildren in succession. Brands of Britannia are adored by everyone. 5 million retail outlets are present in the country and serve almost and 50% of Indian households. Dairy products are produced through 100,000 platforms.

These are some of the best companies and their data that provide basic idea about their service and their manufacturing techniques. These products are consumed by almost everyone.

Ex-RBI Governor Urjit Patel becomes Additional Director of Britannia

Meemansa Shekhawat — Thu, 01 Apr 2021 11:34:52 +0000

The board of Britannia industries has appointed former RBI Governor Urjit Patel as its Additional Director in the category of Independent and Non-Executive Directors. He has been appointed as the additional director with effect from the 31^st of March, 2021 for a period of 5 years.

“The Board of Directors of the Company at their meeting held today 31st March, 2021, approved the appointment of Dr. Urjit Patel, as an Additional Director of the Company in the category of Non-Executive and Independent Director with effect from 31st March, 2021 for a term of 5 years, i.e., up to 30th March, 2026, subject to approval of the shareholders of the company,” Britannia Industries said in a regulatory filing on Wednesday, as quoted by IANS.

Further, a significant piece of information you must be known of is that the former governor fulfills the criteria of an independent director as per the required provisions of Companies Act, 2013 and the rules framed under the same as well as SEBI regulations, 2015.

Urjit Patel served as the Governor of the Reserve Bank of India (RBI) from September 2016 to December 2018.

Britannia Q3 reports 22.4% increase in PAT, stands at Rs 452.6 crore

Sarthak Yadav — Mon, 08 Feb 2021 21:55:20 +0000

Today, Britannia industries posted a 22.4% increase in the profit after tax (PAT) for the third quarter ending, PAT stands at Rs 452.6 crore. The company’s margins beat estimates coming in at 19.3% as compared to 16.8% in Q3 of the previous financial year.

In an investor call post the announcement of the Q3 results, the company’s Managing Director Varun Berry said, “We need to accelerate the pace of innovation which had taken a backseat during this period. We are also looking at some new launches. We will strengthen our distribution which had taken a hit from a quality standpoint because of lack of enough supervision owing to disruptions. We are going to focus on brand building and visibility as we were not advertising in the first six months of the year due to uncertainty.”

Due to COVID-19, like most FMCG companies, Britannia too continued to see higher growth in rural areas and also from traditional trades, while modern trade remained subdued in urban areas. “We are hoping that as things normalise things will fall into place with these channels as well. It is very clear which channels we are lagging in,” Berry said.

The company’s modern trade channel has also been impacted by the financial crisis faced by Future Retail and the subsequent delay in the execution of its impending deal with Reliance Retail. “Future Group used to be a very large part of our business, now it is completely muted. The other modern trade chains were also not growing much in large cities etc. Plus alternate channels like transit clusters, offices, hotels were all shut or operating at skeletal operations,” Berry explained.

In terms of their capex plans for the upcoming financial year, the company said it will review the capacity and demand outlook and decide the spend accordingly. For the whole of FY21, its capex will be at 60% of its usual spend at Rs 200 crore.

In commodity costs, a 25% increase in red palm oil prices continues to exert pressure for the company, and milk prices have started inching upwards too. Other commodity prices for raw materials like wheat and sugar are well under control, Berry added.