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Britannia Industries

Retail industry reacts to the Union Budget 2018

In his last full budget before general elections in 2019, Finance Minister Arun Jaitley reduced corporate tax for 99 percent of the companies to 25 percent.In keeping with his earlier announcement of reducing corporate taxation rate to 25 per...

Britannia Industries net profit up around 12 pc in Q2

Biscuit maker Britannia Industries on Saturday reported close to a 12 per cent increase in its consolidated net profit at Rs 261.03 crore during the quarter ended on September 30, 2017, as compared to Rs 234.05 crore in the...

Food CEOs interact with PM; appreciate GST, FDI liberalisation

Various CEOs of global food processing and related companies on Friday interacted with Prime Minister Narendra Modi and appreciated the government's structural reforms and initiatives like GST and the liberalization of the FDI regime in India. An official statement said...

Britannia targets to increase market share in premium cream biscuits from 35 pc to 50 pc

Leading FMCG player Britannia Industries is aiming to increase its market share in the Rs 1,800-crore premium cream biscuits category from 35 per cent to 50 per cent in the next two years. "We are relaunching 'Treat', which is our...

Britannia's net profit falls 1.4 per cent on lukewarm Q1 results

Biscuit maker Britannia Industries Ltd on Monday reported a 1.4 per cent fall in its consolidated net profit to Rs 216.12 crore in the quarter ended June 30, as compared to Rs 219.21 crore in the year-ago period. Its income...

Top 12 Retail and Consumer Products Billionaires in India 2017

American business magazine Forbes released its annual list featuring richest people in the world on March 20, 2017. It was a record year for the richest people on earth, as the number of billionaires jumped 13 per cent to 2,043...

FMCG products to see decline in volume in short term post GST: Britannia

FMCG products will see a decline in volume in the short term with channel partners of companies keeping less stock in view of GST, which is set for July 1 launch, according to Britannia Industries. According to a PTI report:...

Britannia's Q4 net profit marginally up 2.5 pc, income at Rs 2,193.63 cr

Despite a sluggish demand scenario post demonetization, FMCG major Britannia Industries on Thursday reported a marginal rise of 2.54 per cent in its standalone net profit at Rs 196.73 crore for the fourth quarter (Q4) ended March 31, from...

FSSAI to revise food labelling norms, examine global models

Food Safety and Standards Authority (FSSAI) is revising food labelling norms and examining global models, its CEO Pawan Kumar Agarwal said. "Our labelling provisions are currently under revision. We are looking at Codex norms. We are going beyond that to...

Britannia to introduce new products in bakery segment to transform into total food company

Looking to transform into a total food company, Britannia Industries is planning to bring in new products, especially in the bakery segment, to fill gaps in its portfolio. "We are looking at diversification. First diversification is going to be within...
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Lava International appoints Rajesh Sethi as group CFO

Sethi has over 27 years of financial management and strategic planning experience, will be responsible for overseeing Lava's financial...
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