Britannia has entered into a JV with Bel SA, France (Bel) to undertake the development, manufacturing, marketing, distribution, trading and selling, etc., of cheese products in India and certain other countries. Bel Group is a world leader in branded cheese and a significant player in the healthy snacking segment with brands like The Laughing Cow, … Read more
Biscuits and bakery company Industries on Friday named Amit Doshi as chief marketing officer. Doshi moves from consumer electronics and personal tech company Lenovo where he was director, marketing for India and South Asia. Doshi, who succeeds Britannia’s former marketing chief Vinay Subramanyam, takes over the new role effective January 17. India’s largest bakery foods … Read more
Britannia has been an average performer over the last three years. As against a high of Rs 3,270 in August 2018, share is currently trading at Rs 3,686 i.e., a return of just 12.7% in more than 3 years. During the same period, FMCG index increased by 18% and nifty by 56%. Reason for Britannia’s … Read more
As per news reports, Britannia is in the process of creating a new position of CEO who will report to the MD, Varun Berry. Mandate is already supposed to have been given to the head hunters to look for a suitable candidate. The step definitely seems to be targeted towards smoother succession of Varun Berry … Read more
Current Market Caps (August 23, 2021) Bombay Burmah Trading Corporation (BBTC) – Rs 8,239 cr Britannia Industries – Rs 93,841 cr BBTC’s stake in Britannia is currently worth more than Rs 40,000 crore i.e., almost 5 times of it’s total current market cap. As such, it’s not unusual for holding companies to trade at a … Read more