Hold Britannia Industries; target of Rs 3671: Arihant Capital
Arihant Capital recommended hold rating on Britannia Industries with a target price of Rs 3671 in its research report dated May 05, 2022.05-05-2022
05-05-2022
Britannia Industries to cut pack sizes as inflation bites
The management said it would hike prices by 10 per cent if the current levels of raw material prices sustain05-05-2022
BRITANNIA INDUSTRIES LTD. - 500825 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Dear Sir/Madam, Sub: Newspaper Advertisement for the Audited Standalone and Consolidated Financial Results of the Company for the Quarter and Year ended 31st March, 2022 Ref: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed copies of the newspaper advertisement published on 3rd May, 2022 in 'Financial Express' (English - all editions) and in 'Sangbad Pratidin' (Bengali - Kolkata edition) on the captioned subject. Request you to please take the above information on records.04-05-2022
Earnings Call for Q4FY22 of Britannia Industries
Conference Call with Britannia Industries Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.04-05-2022
BRITANNIA INDUSTRIES LTD. - 500825 - Intimation Under Regulation 30 And Other Applicable Provisions Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
? Fixed the date of 103rd Annual General Meeting to be held on Monday, 29th August, 2022 and approved the closure of Register of Members of the Company from Tuesday, 23rd August, 2022 to Monday, 29th August, 2022 (both days inclusive) for the purpose of payment of Final Dividend and Annual General Meeting of the Company. ? Re-appointed Mr. Keki Elavia (DIN: 00003940) as an Independent Director of the Company for a second term of two (2) years with effect from 7th August, 2022 upto 6th August, 2024, subject to the approval of the shareholders of the Company. ? Approved the appointment of BDO India LLP, as Internal Auditors of the Company for F.Y. 2022-23 in place of M/s. Ernst & Young, LLP, upon the end of their current term of appointment for FY 2021-22. Brief profile of M/s. BDO India LLP is enclosed as Annexure II.03-05-2022
Britannia Industries' March Quarter Profit Rises To Rs 378 Crore
Britannia Industries Ltd reported an increase of 4.96 per cent in consolidated net profit at Rs 377.95 crore for the fourth quarter of 2021-2203-05-2022
BRITANNIA INDUSTRIES LTD. - 500825 - Disclosure Of Related Party Transactions For The Half-Year Ended 31St March, 2022
Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2021/662 dated 22nd November, 2021, please find enclosed disclosure of Related Party Transactions for the half- year ended 31st March, 2022. The above disclosure is also available on the website of the Company http://britannia.co.in/investors/communication-to-stock-exchange02-05-2022
BRITANNIA INDUSTRIES LTD. - 500825 - Board recommends Final Dividend
Britannia Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 02, 2022, inter alia, has recommended the final dividend for the financial year ended March 31, 2022 @ 5650% i.e., Rs. 56.50 (Rupees Fifty Six and Fifty Paise Only) per equity share of Re. 1/- each to be declared at the 103rd Annual General Meeting of the Company. The dividend if declared will be paid/dispatched (subject to deduction/withholding of applicable taxes) within the time prescribed under law.02-05-2022
Q4FY22 Quarterly Result Announced for Britannia Industries Ltd.
Britannia Industries declares Q4FY22 result: Britannia Consolidated Sales and Operating Profits for the Quarter grew 15% and 10% respectively Britannia Industries Ltd. (BIL), India’s leading Food Company, reported Consolidated Sales of Rs. 3,508 Crore with a growth of 15% and consolidated operating profit of Rs. 499 Crore with a growth of 10% for the quarter. Commenting on the performance, Mr. Varun Berry, Managing Director, said: “In this quarter, we delivered a robust top-line growth of 15% and a mid-single digit volume growth which demonstrates the resilience of our brands and a reflection of our execution strengths across divisions & channels. We continued to accelerate our rural journey with focus on enhancing reach and sustaining our diligent market practices, which is evident in the consistent market share gains over the years. Our growths in organized trade channels remained robust, wherein revenues from E-commerce doubled over last year. We launched new to market innovations viz. Good Day Harmony, Jeera Marie and Nutrichoice Seeds & Herbs and new variants in Croissant & Wafers to further strengthen our adjacent categories. We have progressed well in our journey of building technologically superior factories. In this context, I am pleased to announce that our new Dairy greenfield factory is on track for commercialization in the next few months. In addition, we are also in the process of setting up 3 greenfield units - in Uttar Pradesh, Tamil Nadu & Bihar. The economy was impacted by global geo-political factors which caused further surge in inflation this quarter. We continued to take price increases judiciously and remained aggressive on cost front. In these challenging circumstances, our operating profits for the Quarter grew by 10% and over a 24-month period, by 23%. We shall further take calibrated price increases and drive cost leadership to manage profitability. We believe in ‘Sustainable Profitable Growth’ and have made rapid strides towards our goals. I am pleased to inform that we were recognized amongst the “Top 40 of India’s most sustainable companies” by Business World. We are committed towards our pillars of ESG framework – People, Growth, Governance and Resources and are confident of delivering on the targets that we have set for ourselves.” Result PDF02-05-2022