VARUN BERRY
Britannia committed to Bengal, says Amit Mitra amid no word on Kolkata plant operation Britannia Industries Limited reaffirms commitment to West Bengal, with plans to enhance business operations despite worker VRS acceptance. The company's managing director will visit to ensure no major impact on operations, emphasizing sustained manu...
25 Jun, 2024, 09.11 PM ISTFMCG giants bite price bullet to keep small companies off their turfs Market researcherfirm Kantar reports that local businesses operating in a single area increased their market shares by over 13% in the year that ended in April 2023, while national brands expanded by 9% in the same period. Kantar examined 13 categor...
13 May, 2024, 06.30 PM ISTFMCG companies expect volume growth in FY25 with improvement in revenue The companies were forced to slash prices as prices of major commodities had fallen, which had in turn impacted their topline and value growth in the last two quarters of FY24.
12 May, 2024, 05.21 PM IST- ADVERTISEMENT
FMCG, auto companies break the jinx as rural growth rises above urban Rural FMCG demand outpaced urban markets in Jan-Mar 2024. Car companies reported higher rural sales. NielsenIQ noted 7.6% rural growth. Factors include robust rabi crop and government measures. Maruti Suzuki saw record rural sales.
08 May, 2024, 09.27 AM ISTBritannia ready to lose on margins to gain on volumes Britannia, the largest biscuit maker in India, is targeting double-digit volume growth despite potential price increases for wheat and sugar post-elections. The company is also focusing on expanding adjacent businesses and building its core biscuit ...
07 May, 2024, 01.16 AM ISTWould be aiming for double digit volume growth; post elections it will be slight inflationary: Britannia's Berry Britannia's Varun Berry prepares for post-election commodity price surge, aiming for growth despite margin erosion. The firm focuses on market route project, service alignment, and salesforce automation to tackle regional competition and pandemic-le...
06 May, 2024, 02.04 PM ISTBritannia Industries shares jump over 9% after Q4 results. What should investors do? For the year ended March 31, 2024, the consolidated revenue stood at Rs 16,546 crore up by 3.5% over the previous year and the operating profit stood at Rs 2,869 crore growing by 10.1%, which was 17.3% of the sales.
06 May, 2024, 12.18 PM ISTFMCG hopes hinge on rains, polls & inflation: Britannia MD On Tuesday, private forecaster Skymet predicted a normal monsoon for the year, lifting optimism for farm output and rural demand, crucial for sustained revival of the FMCG sector. Last year saw irregular monsoons with either below normal or erratic ...
12 Apr, 2024, 12.40 AM ISTBritannia explores JVs to enter high-margin categories such as chocolates, fresh dairy and salty snacks "Chocolates is a big market but difficult to penetrate and therefore, it will only be through a JV if and when it is possible," he said. "We are present in multiple categories and want to get them larger before going to others. The go-to-market stra...
04 Mar, 2024, 01.54 PM ISTFMCG companies to limit B2B sales to level field for distributors Leading consumer goods companies like Britannia, Dabur, Amul, and Parle are restricting sales to organized wholesalers like Flipkart Wholesale, Udaan, and Reliance Cash and Carry to avoid margin issues and cannibalization by traditional distributors...
19 Feb, 2024, 11.38 PM ISTVerdict on sustainability of regional business models will be out soon: Britannia MD Varun Berry Varun Berry, the Executive Vice-Chairman and Managing Director of Britannia, remarked that regional competitors offer products at lower prices and provide greater margins to retailers. However, the sustainability of these competitors will depend on ...
08 Feb, 2024, 12.26 AM ISTAt India Inc, bosses are the new CEO of fitness Indian Inc. has seen its share of keen runners and even endurance contestants over the years but business leaders are increasingly emerging as advocates of holistic health - both physical and mental - underscoring the significance of wellbeing. Top ...
15 Jan, 2024, 02.02 PM ISTFMCG giants feel the pinch as regional players' reach widens In a notable shift, local and regional firms have made significant inroads, reaching up to 31% more households in key segments like biscuits, soap, washing powder, and detergent during the September quarter. This trend has caught the attention of ch...
16 Nov, 2023, 12.39 AM ISTBritannia flags 'clear' signs of slowdown in rural economy FMCG major Britannia Industries has raised concerns over clear signs of a slowdown in the rural economy, said the company in its earnings conference call. On Wednesday, the company posted a 19% year-on-year (YoY) growth in consolidated net profit fo...
02 Nov, 2023, 01.23 PM ISTFMCG companies fight for market share with 'agile' small peers Smaller local players in India, such as Parle, Britannia and Hindustan Unilever, have entered the biscuit, tea, detergent, oil and snacking sectors, nibbling away at larger companies' market shares as the price of raw materials has lowered. During d...
10 Aug, 2023, 12.22 AM ISTBritannia price cuts raise growth worries, hit biscuit maker's shares Britannia, which also sells cakes and breads, on Friday posted a consolidated profit of 4.58 billion rupees ($55.36 million) for the first quarter ended June 30, while analysts polled by Refinitiv were looking at a profit of 5.01 billion rupees.
07 Aug, 2023, 12.21 PM ISTIndia Inc flagships are giving older chiefs more time at the helm Senior executives in their late 50s and 60s are receiving longer tenures in India's business sector after the COVID-19 pandemic. Older CEOs of companies having mature and complex business streams and balance sheets are being appointed or having thei...
19 Jul, 2023, 08.13 AM ISTBritannia's Treat croissant business crosses Rs 100 crore; aims Rs 300 crore in next 3 years "Our play in the croissant category is on a firm footing now, and we believe that there is tremendous headroom for growth. We will be looking to develop the nascent category through consumer-led franchise building and popular flavour extensions. Our...
16 Mar, 2023, 09.10 PM ISTBritannia watching Reliance's FMCG strides very closely, says Varun Berry In his first interview since succeeding Nusli Wadia in October last year who is now chairman emeritus of the group, Berry said: "Reliance has very deep pockets, so we'll have to watch out. We'll have to treat this as a very, very dynamic and a very ...
18 Jan, 2023, 06.42 PM ISTFMCG cos on wait-and-watch mode on softening commodity prices; may pass on benefits to consumers Commodity price declines will help FMCG firms improve their profit margins while also allowing them to pass on the benefits to consumers by lowering the MRP (maximum retail price) of their products.
04 Dec, 2022, 05.21 PM IST