×
E-PAPER ▾

E-paper

Business

Britannia scouts for growth opportunities in bakery segment

| | New Delhi

FMCG major Britannia is scouting for profitable growth opportunities, especially in the bakery segment, to strengthen its position as a leading food company in the country, according to the company’s annual report.

“Going forward, your company’s major focus areas would be entry into adjacent food categories... Your company has been actively working on realising untapped opportunities in the bakery business as well as in the adjacent macro snacking space,” Britannia said in its Annual Report for 2016-17.

It further said: “Your company shall continue to scout for many such profitable growth opportunities to ensure that it stays ahead of the market while transforming itself into a total foods company.”

Last year, Britannia, whose main business segments are bakery and dairy, had entered into a joint venture (JV) agreement with Greece’s Chipita S. A for manufacture and sale of ready-to-eat filled croissants.

Currently, the work is underway to establish operations of the JV.

The company also expects to use its newly-launched research & development (R&D) centre at Bidadi near Bengaluru for launch of new products.

“R&D centre is now fully operational with enhanced capabilities for the core as well as future adjacent product categories which will help in innovating faster with superior product experience delivery,” it added.

In order to increase its international business, the company said it is also evaluating entry through local manufacturing, wherever feasible, in high potential markets which are currently not accessible through exports routes due to high trade barriers.

Britannia is present in more than 70 countries, its key geographies being West Asia, Africa, Americas, Asia Pacific and SAARC.

For the entire 2016-17 fiscal, Britannia Industries reported a net profit of Rs 884.61 crore on net sales of Rs 9,232.30 crore.                 

 
 
 

TOP STORIES

Sunday Edition

View All

Of 4,862 large dams, only 349 have emergency disaster action plans: CAG

23 Jul 2017 | IANS | New Delhi

Only 349 of 4,862 India's large dams have emergency disaster action plans in place, the Comptroller and Auditor General (CAG) of India's performance report on flood control and management schemes of the Water Resources Ministry has revealed. "Out of 4,862 large dams, emergency action plans or disaster management plans of only 349 dams, which is seven per cent, were prepared (March 2016)...

Read More

STATE EDITIONS

View All

Ex CM takes a jibe at Chitnis for not withstanding promise made in assembly

26 Jul 2017 | Staff Reporter | Bhopal

Taking a jibe at Woman and Child Development Minister Archana Chitnis, former Chief Minister and the ruling Bharatiya Janata Party (BJP) senior member Babulal Gaur on Tuesday said in the Assembly that he is hurt when the Minister does not keep her promise made in the House. While Chitnis was replying to a query posed by Moti Kashyap of the BJP on electricity arrangements in anganwadis, Gaur sought permission from Speaker...

Read More

Page generated in 0.3589 seconds.