Business Standard

Britannia Industries Ltd News

All permanent workers of Britannia's Kolkata unit take voluntary retirement

FMCG major Britannia Industries Ltd said all permanent workers at its Taratala factory in Kolkata have accepted the voluntary retirement scheme (VRS). Despite this significant workforce change, a company official claimed that there would be no material impact on the business operations of Britannia Industries. However, according to senior CITU leader Gautam Ray, production has been stopped at the plant. "There has been no production at the Taratala plant for over 20 days. All 122 permanent employees have accepted VRS, and negotiations are ongoing for 250 contractual workers," said senior CITU leader Gautam Ray. Britannia did not respond to PTI's queries on stopping the production. The Taratala plant, one of Britannia's oldest biscuit manufacturing units, has been operational for over seven decades. According to sources, the Britannia management offered Rs 13 lakh to employees with up to 5 years and 11 months of remaining job tenure, Rs 18.5 lakh for employees with 6 to 10 years o

All permanent workers of Britannia's Kolkata unit take voluntary retirement
Updated On : 24 Jun 2024 | 4:56 PM IST

BSE FMCG index surges 5%, hits record high; Emami, HUL, Dabur jump over 7%

Analysts expect some populist measures to address rural stress and lift sentiments at the margin, given the nature of the Lok Sabha polls verdict.

BSE FMCG index surges 5%, hits record high; Emami, HUL, Dabur jump over 7%
Updated On : 05 Jun 2024 | 11:51 AM IST

FMCG shares gain in weak market; Dabur, Colgate, Marico, HUL surge up to 5%

With improved macroeconomic indicators, enhanced government spending and a favorable monsoon forecast, the upcoming year holds promise for a gradual uptick in consumption sentiment, analysts believe.

FMCG shares gain in weak market; Dabur, Colgate, Marico, HUL surge up to 5%
Updated On : 04 Jun 2024 | 11:04 AM IST

FMCG shares in demand; Marico, Godrej, Dabur, HUL rally up to 10%

The rural demand has seen gradual improvement and management of the companies expects visibility on green shoots on the back of better monsoons and higher infra spend by the Government of India.

FMCG shares in demand; Marico, Godrej, Dabur, HUL rally up to 10%
Updated On : 07 May 2024 | 10:39 AM IST

Britannia expects double-digit volume growth after election: MD Varun Berry

Leading food products company Britannia Industries expects a "double-digit growth" in volumes post general elections and the monsoon season with a "manageable inflation", its Vice Chairman and Managing Director Varun Berry said on Monday. The company is "hopeful of recovery in consumption" this fiscal year with an expectation of stable inflation and a good monsoon. It anticipates a "healthy inflation" of around 3 per cent in FY25, which will also help achieve faster growth of its topline as it moves forward, Berry said in a post-earnings conference call. "Last quarter volume growth was two times the revenue growth. So I think volume growth this year, we expect them to be quite solid," he said. Barring a few months in FY25, which would be pretty similar to the last fiscal, Berry expects a double-digit volume growth for Britannia, maker of Good Day, Marie Gold, Tiger, Bourbon, and Milk Bikis biscuits. "The volume growth this year, we expect them to be quite solid. And I would think

Britannia expects double-digit volume growth after election: MD Varun Berry
Updated On : 06 May 2024 | 6:23 PM IST

Street gives big-hearted welcome to Britannia Industries' Q4 results

The FMCG sector in general may have seen a poor year in terms of demand but there's analyst consensus demand is picking up and the worst may be behind the sector

Street gives big-hearted welcome to Britannia Industries' Q4 results
Updated On : 06 May 2024 | 9:16 PM IST

Nestle, Britannia, ITC: Winners, losers from plastic waste management norms

In the KIE consumer staples universe, Dabur reported the highest packaging cost at 12.5 per cent of its standalone revenues in FY23

Nestle, Britannia, ITC: Winners, losers from plastic waste management norms
Updated On : 06 May 2024 | 6:40 PM IST

Q4 impact: Britannia stock up 10%, logs sharpest intraday gain in 18 months

Britannia stock update: Upbeat outlook, healthy dividend triggers sharp rally in Britannia stock. Here's what bokerages say post Britannia's Q4 results.

Q4 impact: Britannia stock up 10%, logs sharpest intraday gain in 18 months
Updated On : 06 May 2024 | 12:28 PM IST

Global cues, tax clarification, Gift Nifty: Key triggers for Nifty on May 6

All you need to know before Sensex, Nifty opens for trade on Monday, May 06: Gift Nifty hints at gap-up open; FM dismisses buzz of changes in capital gains tax and Q4 results.

Global cues, tax clarification, Gift Nifty: Key triggers for Nifty on May 6
Updated On : 06 May 2024 | 7:23 AM IST

Britannia Industries Q4 results: Net profit down 3.8% at Rs 536.6 crore

The operating margins contracted by 110 basis points to 17.3 per cent during the March quarter from 18.4 per cent in the year-ago period due to price cuts undertaken during the quarter under review

Britannia Industries Q4 results: Net profit down 3.8% at Rs 536.6 crore
Updated On : 03 May 2024 | 9:37 PM IST

Britannia NutriChoice launches health monitoring app NutriPlus in India

To mark World Health Day, Britannia plans to make the app accessible to consumers through the Google Play Store and Apple App Store

Britannia NutriChoice launches health monitoring app NutriPlus in India
Updated On : 03 Apr 2024 | 5:29 PM IST

Britannia Industries Q3 results: Net profit down 40.3% to Rs 556.4 crore

He also highlighted that the company's international business performed extremely well with robust double-digit growth across key markets

Britannia Industries Q3 results: Net profit down 40.3% to Rs 556.4 crore
Updated On : 06 Feb 2024 | 9:12 PM IST

Britannia Q3 results: Profit falls 2% to Rs 761 cr on soft rural demand

The weak earnings come in face of intense price competition. The company has previously mentioned reducing certain product prices after competitors took advantage of declining raw material expenses

Britannia Q3 results: Profit falls 2% to Rs 761 cr on soft rural demand
Updated On : 06 Feb 2024 | 8:05 PM IST