Britannia Industries Ltd reply to clarification sought by the exchange
The Exchange had sought clarification from Britannia Industries Ltd with respect to the media report titled, "Delhi High Court rules in favour of ITC in biscuit packet dispute with Britannia.Britannia Industries Ltd response is enclosed. Updates on Scheme of Arrangement
Britannia Industries Ltd has informed BSE that the Scheme of Arrangement of Demerger of Manufacturing Business and Retail Sales Business Divisions of Daily Bread Gourmet Foods (India) Private Limited into Britannia Industries Limited (the "Company") has been approved by Hon'ble High Court at Calcutta vide its order dated September 05, 2016. Clarification sought from Britannia Industries Ltd
The Exchange has sought clarification from Britannia Industries Ltd with respect to news article appearing in Financial Express on September 06, 2016 titled "Delhi High Court rules in favour of ITC in biscuit packet dispute with Britannia."The reply is awaited. Blow for Britannia: Delhi HC directs company not to use pack 'deceptively similar' to ITC
NEW DELHI: Delhi High Court today restrained Britannia Industries Ltd from using the wrapper of its 'Nutri Choice Digestive Zero' biscuits in its present form, saying it was "deceptively similar" to the packaging of ITC's Sunfeast 'Farmlite Digestive All Good' biscuits. The court asked Britannia to adopt a "distinctively different" packaging from the one currently used by ITC for its biscuit as such "deception" could confuse the consumers. The court's order came on a plea filed by ITC Ltd seeking to restrain Britannia from violating its rights in packaging/ trade dress of 'Sunfeast Farmlite Digestive-All Good' biscuits by allegedly using a deceptively and confusingly similar trade dress for 'Nutri Choice Digestive Zero' biscuits. "The court is satisfied that the impugned packaging for Nutri Choice Digestive Zero Biscuits launched by Britannia is deceptively similar to the packaging of ITC's Sunfeast Farmlite Digestive All Good biscuits and such deception is likely to confuse the consumers of such biscuits, even the discerning health conscious ones, into thinking that Britannia's biscuits are that of ITC's," Justice S Muralidhar said. "An interim injunction is, accordingly, issued restraining Britannia from using the impugned packaging get- up/wrapper for its Nutri Choice Digestive Zero biscuits in the present form during the pendency of this suit,"the court said. The court also granted four weeks to Britannia to phase out the existing stocks of 'Nutri Choice Zero Digestive' biscuits with the present packaging. However, the court said it would be open to Britannia adopting the packaging it uses for the product internationally or, while retaining the... Delhi High Court holds stay order on ITC suit against Britannia
KOLKATA: The Delhi High Court on Wednesday did not issue any stay order on ITC Ltd's suit against rival biscuit maker Britannia Industries Ltd which had alleged that the latter had copied the packaging colour combination of its digestive biscuit for their recently launched product. A notification issued by Britannia to the stock exchanges said the court has fixed the next date of hearing on August 31, 2016. Britannia in the notification declined to comment further since the matter is sub-judice. ITC in its petition has sought damages for infringement of trademark and goodwill, and to withdraw the Britannia product in the current packaging. The conglomerate has claimed that Britannia's NutriChoice Digestive Zero brand has copied the packaging of ITC's Sunfeast Farmlite Digestive All Good biscuit. In the Rs 26,000 crore biscuit market, the digestives segment is estimated at around Rs 500 crore. British firm United Biscuits' McVities dominates the category. While Parle Products and Britannia are vying for the top spot followed closely by ITC, others such as United Biscuits and Mondelez have also been gaining share in niche segments such as digestives and cookies. The digestive biscuit segment is growing at a fast pace due to rising adoption of healthy food habits and consumer awareness. These products are priced at a premium, with a much higher margin contribution for the companies compared with other products. Britannia Industries Ltd reply to clarification sought by the exchange
With respect to news article appearing in Economic Times on August 24, 2016 titled "ITC moves court over Britannia copying Sunfeast biscuit packaging.", Britannia Industries Ltd has submitted to BSE a copy of Clarification is enclosed. Clarification sought from Britannia Industries Ltd
The Exchange has sought clarification from Britannia Industries Ltd with respect to news article appearing in Economic Times on August 24, 2016 titled "ITC moves court over Britannia copying Sunfeast biscuit packaging."The reply is awaited. Allotment of Equity Shares
Britannia Industries Ltd has informed BSE about Allotment of Equity Shares. Making a name for themselves
Britannia. Apart from biscuits, the name stirs up associations with Britain and you would be forgiven for thinking it was a brand with roots in that country. However, the Britannia Industries of today... Buy Britannia Industries Ltd., target Rs 3300.0 : Citigroup
Citigroup maintains a buy rating on Britannia Industries post-June quarter results with a 12-month target price of Rs 3,300