Britannia Industries Ltd - 500825 - Financial Results For The Quarter And Nine Months Ended 31St December 2018.
Financial Results for the Quarter and Nine Months Ended 31st December 2018.07-02-2019
07-02-2019
Britannia Industries Ltd - 500825 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Investor / Analyst Conference Call - Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015.04-02-2019
BRITANNIA INDUSTRIES LTD. - 500825 - Statement Of Investor Complaints For The Quarter Ended December 2018
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 217181 Name of the Signatory :- T V THULSIDASSDesignation :- Company Secretary and Compliance Officer21-01-2019
Britannia Industries Ltd - 500825 - Shareholding for the Period Ended December 31, 2018
Britannia Industries Ltd has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2018. For more details, kindly Click here20-01-2019
BRITANNIA INDUSTRIES LTD. - 500825 - Closure of Trading Window
This is to inform you that a Meeting of the Board of Directors of the Company will be held on Thursday, 7th February, 2019, inter alia, to consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 31st December, 2018. Pursuant to SEBI(Prohibition of Insider Trading) Regulations, 2015 the Trading Window of the Company will be closed from 15th January, 2019 to till 48 hours after Unaudited Financial Results are made public. During this period, none of the Directors/Designated Employees, other persons having access to the Price Sensitive Information and their dependents, shall deal in the securities of the Company as per Britannia Code of Conduct to Regulate, Monitor and Report Trading by Insiders and Practices and Procedures for Fair Disclosures of Unpublished Price Sensitive Information.15-01-2019
BRITANNIA INDUSTRIES LTD. - 500825 - Board Meeting Intimation for Regulation 29 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations,2015
BRITANNIA INDUSTRIES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/02/2019 ,inter alia, to consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 31st December, 2018.15-01-2019
Britannia to strengthen dairy, snacks portfolios in 2019
Britannia, a maker of biscuits, bread and dairy products, is considering repositioning the brand as a foods company and diversifying its revenue streams25-12-2018
Britannia likely to sustain double-digit volume growth, say analysts
This would augment annual manufacturing capacity by 130,000 tonnes13-12-2018
A change in management has helped Britannia execute a turnaround
By Suhani Adilabadkar Britannia (which is in eight stock screeners including increasing net cash flow growth) is one of those companies that has had a long headstart in the retail market, established as it was in 1892 in Kolkata. As a result, name recognition for customers is not an issue on an increasingly crowded supermarket shelf. The company has spent 100 years as a public limited firm, with its product basket laden with bread, cake, rusk, dairy products such as cheese, butter, milkshakes, and so on. Biscuits remain the heart and soul of the company, contributing 75% of its total revenues with popular brands, Tiger, Milk Bikis, Good Day, NutriChoice Digestive, MarieGold and the latest entrant Deuce making it the largest bakery brand in India. The company crossed the Rs.10,000 crore revenue mark in March this year, selling 100 crore packs every month. It has 5 million outlets and 80 factories with a presence in 60 countries. Quick Takes Britannia with its Tiger, Milk Bikis, Good Day, NutriChoice Digestive, MarieGold and Deuce is a major premium market player. Britannia crossed Rs.10,000 cr revenue mark in March this year, sells 100 crore packs every month, has 5 million outlets and 80 factories with presence in 60 countries. Britannia has been on a consistent growth ride with a CAGR of 31% and 29% for PAT and EBDITA respectively over the past five years, since the change in its management The operating margins have been strong, doubling over the past five years, from 7% in 2013 to 15% in the year 2018. Britannia has entered the wafer segment and is set to launch milkshakes, dairy whitener and croissants September Quarterly Performance The September quarter results came with double digit growth baked into every parameter. The firm saw 12% volume growth and a rich product mix, and revenue grew 13% both YoY and sequentially at Rs. 2870 crore followed by operating profit moving up at 20% YoY and 17% on quarterly basis. The operating profit for the firm came out at Rs. 454 crore with a margin of 15.83%, an almost a 100 basis point jump YoY and 52 basis point sequentially. Controlled finance and depreciation costs led to a steady bottom-line as PAT was reported at Rs. 303 cr rising 17% QoQ and just a tad lower at 16.18% on yearly basis. The Britannia top management noted that strong quarterly growth was driven by new launches during the quarter, and Mundra facility cost advantage. The Britannia MD Mr. Varun Berry further added that Britannia over the years "has attaineda competitive edge mainly due to its strong brand, growing distribution network, R&D;, supply chain and tight cost control." A turnaround from stagnating revenue Parle Products with its legendary Parle G is the undisputed king of biscuits, still ruling more than half of the glucose biscuit market. Britannia with its Tiger Glucose presence is a major premium market player and stands out with its strong branding, supreme taste and premium pricing. Next in line here is ITC with its Sunfeast brand giving stiff competition to Britannia in its ‘Marie’ and latest entrant ‘Bounce’ in cream biscuit category. But it’s not just three to tango and the industry is home now to about more than 400 biscuit manufacturers with Priya Gold, UNIBIC, Kraft Foods, Dukes and Cremica in the top ten. With revenues stagnating by 2010-11, realization dawned within Britannia that growth would not coming easy with such stiff competition along with rising raw material costs and high inflation. Things took a turn for the better from 2013 with a change in top management and since then there has been a shift in growth. Britannia has been on a consistent growth ride over the past five years crossing Rs. 10,000 crore topline mark in March 2018 with a CAGR of 31% and 29% for PAT and EBDITA respectively. The operating margins have been impressive, doubling over the past five years, from 7% in 2013 to 15% in the year 2018. This growth momentum has been achieved on the back of a strong distribution network, recovery in a weak north Indian market, brand consolidation, product relaunches and innovation and cost efficiency programs. A 'Total Foods' Company? It’s just not biscuits - the oven baked ‘Bread’ in 1954 and Britannia Bread is currently, the largest brand in the organized bread market with a turnover of more than Rs.400 cr annually producing over 1 lakh tons in volume. Britannia Cake entered the baking list in 1963 and then came the Dairy diversification in 1997. Around 5% of revenues come from Dairy products with cheese, butter, ghee, yogurt as its major offerings with the upcoming dairy whitener and tetra packed milk shakes to be launched in December quarter. Britannia holds the runnerup position in Cheese available in 14 varieties and the company just has entered wafer segment which as per Britannia MD, Varun Berry is a “completely unexploited market in India” with a size of about Rs.400-500 crores. The next new entrant by the end of this year is going to be the ‘Britchip’, a croissant through joint venture with Greek company Chipita. It fullfills according to the firm, Britannia’s rebranded theme of both nutrition and goodness with indulgent recipes. Britannia after achieving consistent growth over the past five years aims to move on the path of being a ‘Total Foods Company’ and entering unchartered segments like ready to eat breakfast and becoming an end to end macro snack company with pan India presence in the years to come. The company has among other moves initiated a milk procurement program as value enhancing backward integration and direct distribution has gone up to 18.4 lakh outlets. And manufacturing efficiencies are expected to be enhanced with the Nepal facility up and running by the end of the fiscal and Guwahati, Mundra and Ranjangaon facility already commercialized.10-12-2018
Hershey's bets on healthy snacks to drive growth in India
Hershey's has launched a line of premium protein cookies under the Sofit brand to enter the crowded biscuits market dominated by Britannia, Parle and ITC14-11-2018