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Britannia Industries' MD Varun Berry said that the value growth of the FMCG pack is falling while input cost inflation is on the rise, making it a tough operating environment
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Britannia has posted a good performance in Q3, in-line with expectations. The highlight is the 13 percent volume growth compared to expectations of 9-11 percent. In an interview with CNBC-TV18, Varun Berry, MD of Britannia Industries spoke about the results and his outlook for the company.
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Varun Berry of Britannia was awarded the best CEO for private sector at the Forbes India Leadership Awards 2017. CNBC-TV18's Priya Sheth caught up with Varun Berry post the big win where he spoke about their focus on the rural growth.
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Being tax neutral is a great place to be in, says Britannia Industries' Varun Berry, adding that GST would make an even playing field.
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The goods and services tax (GST) council has sealed the rates and cleared all pending rules including transition provisions and returns. Biscuits will be taxed at a flat rate of 18 percent. In an interview to CNBC-TV18, Varun Berry, MD of Britannia Industries assesses the impact.
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Britannia will no longer stick to bakery and dairy products, says Managing Director Varun Berry. The company is also keenly looking at the micro-snacking space for expansion.
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US-based Kraft Heinz announced on Friday proposed a USD 143 billion merger with Unilever in what would be one of the biggest deals ever. But the Anglo-Dutch consumer goods giant has declined, saying in a statement the offer fundamentally undervalues" the company.
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Bakery and dairy products maker Britannia Industries on Monday reported a 5.79 percent increase in consolidated net profit at Rs 233.95 crore for the second quarter ended September 30, 2016. The company had posted a net profit of Rs 221.13 crore in July-September period a year-ago, Britannia Industries said in a BSE filing.
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The company has had tailwinds in its premium product segment growth in the quarter gone by, says Varun Berry, MD of Britannia Industries.
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The company's MD Varun Berry says the management is working on a Rs 900-crore investment plan which should be finalised within a month's time and 70 percent of the total investment will go into greenfield projects
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Varun Berry, MD, Britannia, says the government should increase rural spending and work for better yields in agricultural output
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Creamline Dairy operates in Andhra Pradesh, Tamil Nadu, Karnataka as well as parts of Maharashtra and has a capacity of nearly seven lakh litre of milk processing a day with revenues of Rs 858 crore for the year-ended March, 2015.
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Speaking to CNBC-TV18, Varun Berrry, MD of Britannia said that the company will focus on developing its biscuit, dairy and rusk business further this year.
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Varun Berry, MD, Britannia Industries said for the current fiscal total investment would be north of Rs 400 crore and there would be substantial amount of investments going into manufacturing facilities.
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Varun Berry, Managing Director, Britannia Industries says the company embarked on a strategy about eight quarters ago and that is aiding the company‘s performance.
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In an interview to CNBC-TV18, Varun Berry of Britannia Industries spoke about the financial performance of the company and its road ahead hereon.
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Britannia Industries, the maker of Tiger and Good Day biscuits, is betting big on the health food category. In an interaction with CNBC-TV18‘s Zahra Khan, Britannia MD Varun Berry discussed the company's plans in the segment.
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Vinita Bali, CEO, Britannia says that the UAE, Oman arm of the company have notched the number two spot in select segments. She also says that the consumer companies have seen a total input cost inflation of 7-9 percent.
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Ramakrishnan Mukundan, who was appointed CEO of the Rs 13,000-crore Tata Chemicals Limited (TCL), in 2009 at the age of 42, explains to CNBC-TV18 the challenges, opportunities and vision for the company.
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In an interview with CNBC-TV18, Vinita Bali, CEO of Britannia said the margins have been improving consistently and the company‘s performance is going to depend on the monsoon and government policy actions.
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In an exclusive interview to CNBC-TV18, Vinita Bali, CEO of Britannia, says that they expect consumer demand to grow around 11-13% in FY13 as compared to 16-18% the previous year.
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Britannia Vinita Bali, MD of Britannia has exclusively told CNBC-TV18 that earlier reports of the company firing almost 42 employees across levels were incorrect.
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Vinita Bali, managing director of the USD 1 billion baker, Britannia Limited has one passion - marketing healthy, but tasty, food to a large group of people.
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In an interview to CNBC-TV18, Vinita Bali, chief executive officer, Britannia said, she sees robust growth in urban and rural India. Fifty percent of Britannia’s sales come from rural India.
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Speaking to CNBC-TV18, Vinita Bali of Britania Industries said that the company has seen a topline growth of 25% and a bottomline growth of 24% as well, slightly ahead of 24% with an operating profit improvement of 40%.
