Company ventures in to Rs 5,300-crore bread industry as it trnasfroms from a pure dairy frim to a diversified food and nutrition company.
According to a Business Standard report, about 80 items are likely to make it to the exemption list. This includes grains, green coconut, poha, unprocessed green tea leaves, and non-mineral water.
Sales of bread have recovered after the potassium bromate crisis and has again reached the level of 10-12 lakh packets per day in the National Capital, All India Bread Manufacturers Association (AIBMA) said on June 15
SP Tulsian has a negative bias on the stock. According to him, PE multiple allotted to the stock are too high and its performance has been stagnant for past five years and stock performance has been laggard. "This is a fancied stock of institutional investors," he says in an interview to CNBC-TV18.
HUL's bread and bakery business comprises range of white and sweet breads, health and wellness breads and bakery products such as cakes, muffins, bans, cream rolls under the brand name Modern brand name. Currently it owns six operating manufacturing units.
The business includes products such as cakes, muffins, buns, pavs and cream rolls. It has six manufacturing units and a network of franchisees across India.
A change of diet has played a major role in Novak Djokovic's unbeaten run this year, the world number two said on Monday after receiving a hero's welcome from fans in his home town.