Britannia Industries
India's Britannia merges dairy and biscuits sales teams
Indian company Britannia Industries has merged the sales team of its dairy portfolio with that of the more established biscuits business to tap new towns across the country and achieve greater bargaining clout with retailers.
Rivals see it as a move to cut costs when margins are under pressure.
Britannia Ind. to delist from India's Calcutta Stock Exchange
India's Britannia Industries said on 11 November it will delist its shares from the Calcutta Stock Exchange.
The company had posted a 46 percent decline in net profit to INR31.87 crore (INR318.7 million, USD7.11 million) for the September quarter, mainly on account of higher expenses against a profit of INR59.07 crore (INR590.7 million, USD13.22 million) in the same period a year ago.
Indian food major Britannia to develop huge potential of dairy business
Indian food and beverage manufacturer Britannia Industries on 31 May said dairy products, which contribute close to 10 percent of its revenue, will be a significant growth sector for the company in future.
"Dairy for us has shown high double-digit growth, not just in terms of top line, but also in terms of profitability," says Britannia managing director Vinita Bali.
Vinod Menon, head of Dairy Business at Britannia said the company, which has 12 manufacturing plants across India, will be adding three more packaging plants this year.
