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
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 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.
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.
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%.