Established in 1892, Britannia is one leading food companies in the biscuit industry in India.
Britannia Industrieslimited is a Large Cap company, having a market capital of Rs 76795.96 crores, operating in FMCG (Fast-moving consumer goods) industry.Britannia products are available across the country through 5 million retail outlets (approximately).
Mr. Nusli N Wadia is the Chairmanand Mr. Varun Berry is the Managing Director of Britannia Industries limited. The Mumbai-based Wadia group held 50.63% stake in Britannia as on December 31, 2019.
Britannia’s product portfolio includes Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese, Beverages, Milk and Yoghurt under the brands like Good Day, Tiger, NutriChoice, Milk Bikis and Marie Gold.
Biscuits account for 90% of Britannia’s annual revenue.
Britannia Bread is the largest brand in the organized bread market with an annual turnover of over 1 lac tons in volume and Rs.450 crores in value. The business operates with 13 factories and 4 franchisees selling close to 1 mn loaves everyday across more than 100 cities and towns of India.
Apart from India, Britanniahas expanded overseas through acquiring Strategic Foods International LLC in the United Arab Emirates (UAE) and Al Sallan Food Industries Co SAOG in Oman.
These two companies are regional players in the biscuit and cookies segment in the Middle East.
Britannia has a strong market position is supported by a wide distribution network in both rural and urban areas, which gives steady cash flow and accretion to net worth resulted in improvement in Britannia’s capital structure. Capital expenditure (capex) is estimated at Rs.250-400 crores annually.
The company declared an interim dividend ₹35 per equity share of face value of ₹1 eachfor the financial year 2019-20.
CRISIL has reaffirmed its ‘CRISIL AAA/Stable/CRISIL A1+’ ratings on the bank facilities and debt instruments of Britannia Industries Limited (Britannia). The ratings continue to reflect the company’s market-leading position in the biscuit market, strong operating efficiency, and its strong financial risk profile.
If you find any mistake please contact the email@example.com. This article is general in nature. It does not constitute a recommendation to buy and sell any stock, and does not take account of your objectives, or your financial situation. Largecapindia has no position in the stocks mentioned.
Largecapindia aim to bring you long term focused research analysis driven by fundamental thanks you.
For More Info : https://www.largecapindia.com