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.
Being tax neutral is a great place to be in, says Britannia Industries' Varun Berry, adding that GST would make an even playing field.
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.
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.
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.
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
Varun Berry, MD, Britannia, says the government should increase rural spending and work for better yields in agricultural output
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.
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.
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.
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.
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.
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.
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.
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.
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.