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Britannia Industries Ltd

BSE Code : 500825 | NSE Symbol : BRITANNIA | ISIN:INE216A01030| SECTOR : FMCG |

NSE BSE
 
SMC up arrow

4,042.90

0.55 (0.01%) Volume 280564

24-Sep-2021 EOD

Prev. Close

4,042.35

Open Price

4,040.00

Bid Price (QTY)

0.00(0)

Offer Price (QTY)

4,042.90(78)

 

Today’s High/Low 4,098.95 - 4,030.00

52 wk High/Low 4,153.00 - 3,317.30

Key Stats

MARKET CAP (RS CR) 97321.63
P/E 56.92
BOOK VALUE (RS) 137.815017
DIV (%) 15750
MARKET LOT 1
EPS (TTM) 70.99
PRICE/BOOK 29.317922588944
DIV YIELD.(%) 3.9
FACE VALUE (RS) 1
DELIVERABLES (%) 86.64
4

News & Announcements

07-Sep-2021

Britannia Industries Ltd - Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations 2015)

07-Sep-2021

Britannia Industries Ltd - Britannia Industries Limited - Shareholders meeting

16-Aug-2021

Britannia Industries Ltd - Britannia Industries Limited - Copy of Newspaper Publication

10-Aug-2021

Britannia Industries Ltd - Britannia Industries Limited - Reply to Clarification Sought

03-Aug-2021

Britannia Industries to conduct AGM

23-Jul-2021

Britannia Industries to convene board meeting

03-Jun-2021

Britannia Industries allots bonus debentures aggregating Rs 698.15 cr

01-Jun-2021

Britannia Industries to hold board meeting

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
GlaxoSmithkline Consumer Healthcare Ltd 500676 GSKCONS
International Best Foods Ltd (Merged) 507539
Jubilant Foodworks Ltd 533155 JUBLFOOD
Mondelez India Foods Pvt Ltd 500793 CADBURY
Neopolitan Pizza Ltd 532222 NEO
Nestle India Ltd 500790 NESTLEIND
Swojas Energy Foods Ltd 530217

Share Holding

Category No. of shares Percentage
Total Foreign 47627032 19.77
Total Institutions 26915831 11.17
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 1152939 0.48
Total Promoters 121752892 50.55
Total Public & others 43419602 18.02
Total 240868296 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Britannia Industries Ltd

Britannia Industries Limited (BIL) is one of India's leading food companies. Britannia's product portfolio includes Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese, Beverages, Milk and Yoghurt. Its brand portfolio includes Tiger, Marie Gold, Good Day, 50:50, Treat, NutriChoice and Milk Bikis. BIL has a presence in more than 60 countries across the globe. BIL's international footprint includes presence in Middle East through local manufacturing in UAE and Oman. The company is also the market leader in Nepal. The Company was born in 21st March of the year 1918 as a public limited company. The Company's plants are situated in Kolkata, Delhi, Chennai, Mumbai and Uttarakhand. In 1921, it became the first company east of the Suez Canal to use imported gas ovens. Britannia's business was flourishing. But, more importantly, Britannia was acquiring a reputation for quality and value. As a result, during the tragic World War II, the Government reposed its trust in Britannia by contracting it to supply large quantities of 'service biscuits' to the armed forces. A new factory was established in the year 1924 at Kasara Pier Road in Mumbai. In the same year, the Company became a subsidiary of Peek, Frean & Company Limited, U.K., a leading biscuit manufacturing company, and further strengthened its position by expanding the factories at Calcutta and Mumbai. In 1952, the Kolkata factory was shifted from Dum Dum to spacious grounds at Taratola Road in the suburbs of Kolkata. During the same year automatic plants were installed in Calcutta and later in 1954 the automatic plants were installed in Mumbai plant, also in the same year the development of high quality sliced and wrapped bread in India was initiated by the company and was first manufactured at Delhi and a new bread bakery was set up at Delhi in the year 1965. Britannia Biscuit Company takes over biscuit distribution from Parry's during the year 1975. In 1976, the company had introduced Britannia bread in Calcutta and Chennai. During the year 1978, the company made Public issue, in that Indian shareholding crossed 60%. The Company re-christened from Britannia Biscuit Company Limited to Britannia Industries Limited with effect from 3rd October of the year 1979. The Company had signed a 10-year technical collaboration agreement with Nebico Pvt Ltd., Nepal during the year 1980 for the supply of know-how relating to manufacturing, packaging and marketing of biscuits and selection of plant and machinery. During the year 1989, BIL's Executive Office was relocated to Bangalore. During the year 1990, two new brands of biscuits, Elaichi Creamand and Petit Beurre were launched. Also, in the same year a new cashew badam variant of the brand Milk Bikis and brand extension of pure magic biscuit Vanilla cream were launched, Fruit bread was launched in Delhi. The Company launched two new speciality brands in the year 1991 viz., Britannia milk bread and Britannia brown bread in Delhi and extended nationally its main brands Petit Beurre and Elaichi Cream. In 17th August of the year 1991, the Company handed over its Soya unit at Vidisha, MP to SM Dychem Ltd. BIL had celebrated its Platinum Jubilee in the year 1992. After a year in 1993, Wadia Group had acquired the stake in ABIL, UK and becomes an equal partner with Group Danone in BIL. The Company was in re birth phase during the year 1997, new corporate identity 'Eat Healthy, Think Better' leads to new mission of 'Make every third Indian a Britannia consumer' and in the same year BIL entered into the dairy products market. In 1998, BIL had launched Half/Half, a soft cake filled with cream in two variants, chocolate-vanilla and vanilla-orange. The Company had rolled out its flavored milk brand Zip-Sip' in tetrapaks in the year 1999. Zip-Sip had been launched in Mumbai and some markets in the South. Forbes Global Ranking rated the company during the year 2000 among Top 300 small companies. In the same year, the company had launched Britannia Milkman Butter, a product under the Milkman brand. BIL made its fund in-principle agreement to acquire 49 per cent of Kwality Biscuits in the year 2001 through internal accruals. During the year 2002, the company had entered into a joint venture with the Fonterra Cooperative Group, New Zealand's biggest company and one of the leading diary co-operative groups in the world and the Britannia New Zealand Foods Pvt. Ltd was born. Pure Magic, the company's product was winner of the Worldstar, Asiastar and Indiastar award for packaging in the same year 2002. After a year, in 2003, BIL had launched 'Treat Duet', most successful of the year and Britannia Khao World Cup Jao rocks the consumer lives yet again. During the year 2004, Britannia accorded the status of being a 'Superbrand' and the brand Good Day added a new variant Choconut in its range. Reviewed marketing alliance with the Kolkata-based Thacker Dairy Products Pvt Ltd. In the year 2005, Britannia New Zealand had launched health drink for adult. The new plant in Uttaranchal, commissioned during the year 2005, it was ahead of schedule. In the same year, BIL launched yet another exciting snacking option the Britannia 50-50 Pepper Chakkar. BIL had forged a strategic alliance with CCD Daily Bread Pvt Ltd in the year 2006, a Bangalore based Company engaged in manufacturing and retailing of premium breads, cakes snacks and high end ready to eat foods. In the year 2007, Britannia industries formed a joint venture with the Khimji Ramdas Group and acquired a 70 percent beneficial stake in the Dubai-based Strategic Foods International Co. LLC and 65.4% in the Oman-based Al Sallan Food Industries Co. SAOG. The company was rated as the No 1 Most Trusted Food Brand in a survey conducted by AC Nielsen ORGO-MARG and published in Economic Times in the year 2007. Britannia launched Iron fortified 'Tiger Banana' biscuits, 'Good Day Classic Cookies', Low Fat Dahi and renovated 'MarieGold' during the period of 2008. BIL was ranked 27th place in the list of India's Fastest Growing Large Companies by Business Today, Special on June of the year 2008. In 2009, Britannia took full control of Daily Bread. During the year, Britannia New Zealand Food (BNZF) became a BIL subsidiary after BIL bought out New Zealand's Fonterra from the existing joint venture. BNZF was renamed Britannia Dairy Pvt. Ltd. (BDPL). During the year, Britannia became the first bakery brand in India to remove trans-fats from 99.9% of its products. During the year, Wadia Group became the largest shareholder in BIL after acquiring stake holdings from Group Danone. In November 2011, Britannia Bread launched its new range of Health Breads in Delhi. The range consists of Honey & Oats Bread, Multi-Grain Bread, 100% Whole Wheat Bread and Multi-Fiber Bread. In 2013, Britannia launched new NutriChoice Crackers Range, a biscuit made with the natural taste of sun-kissed golden wheat. In 2014, Britannia entered into an exclusive tie-up with Amazon for the launch of its latest product Good Day Chunkies, a super-premium chocolate chip cookie. In 2015, Britannia Bourbon, India's first premium chocolate biscuit, completed 60 glorious years. In 2016, Britannia launched Cake Biscotti, India's first ever classic 'Bridge' product combining the best of the world of a cake and that of a cookie. During the year, Britannia launched its state of the art R&D Centre facility in Bidadi, Karnataka. The Board of Directors of Britannia Industries at its meeting held on 9 February 2016 considered and approved a Scheme of Arrangement under Sections 391-394 of the Companies Act, 1956 for demerger of the Manufacturing Business division and Retail Sales Business division of Daily Bread Gourmet Foods (India) Private Limited, a wholly-owned subsidiary of Britannia Industries, into Britannia Industries. On 28 March 2017, BIL announced that it has signed a joint venture agreement with Chipita S.A., a Greek company, for the manufacture and sale of ready-to-eat delicious croissants in India through a joint venture company namely Britchip Foods Limited. BIL will hold 60% stake and Chipita will hold 40% stake in Britchip Foods Limited. The estimated investment in the

Britannia Industries Ltd Chairman Speech

Britannia Industries Ltd Company History

Britannia Industries Limited (BIL) is one of India's leading food companies. Britannia's product portfolio includes Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese, Beverages, Milk and Yoghurt. Its brand portfolio includes Tiger, Marie Gold, Good Day, 50:50, Treat, NutriChoice and Milk Bikis. BIL has a presence in more than 60 countries across the globe. BIL's international footprint includes presence in Middle East through local manufacturing in UAE and Oman. The company is also the market leader in Nepal. The Company was born in 21st March of the year 1918 as a public limited company. The Company's plants are situated in Kolkata, Delhi, Chennai, Mumbai and Uttarakhand. In 1921, it became the first company east of the Suez Canal to use imported gas ovens. Britannia's business was flourishing. But, more importantly, Britannia was acquiring a reputation for quality and value. As a result, during the tragic World War II, the Government reposed its trust in Britannia by contracting it to supply large quantities of 'service biscuits' to the armed forces. A new factory was established in the year 1924 at Kasara Pier Road in Mumbai. In the same year, the Company became a subsidiary of Peek, Frean & Company Limited, U.K., a leading biscuit manufacturing company, and further strengthened its position by expanding the factories at Calcutta and Mumbai. In 1952, the Kolkata factory was shifted from Dum Dum to spacious grounds at Taratola Road in the suburbs of Kolkata. During the same year automatic plants were installed in Calcutta and later in 1954 the automatic plants were installed in Mumbai plant, also in the same year the development of high quality sliced and wrapped bread in India was initiated by the company and was first manufactured at Delhi and a new bread bakery was set up at Delhi in the year 1965. Britannia Biscuit Company takes over biscuit distribution from Parry's during the year 1975. In 1976, the company had introduced Britannia bread in Calcutta and Chennai. During the year 1978, the company made Public issue, in that Indian shareholding crossed 60%. The Company re-christened from Britannia Biscuit Company Limited to Britannia Industries Limited with effect from 3rd October of the year 1979. The Company had signed a 10-year technical collaboration agreement with Nebico Pvt Ltd., Nepal during the year 1980 for the supply of know-how relating to manufacturing, packaging and marketing of biscuits and selection of plant and machinery. During the year 1989, BIL's Executive Office was relocated to Bangalore. During the year 1990, two new brands of biscuits, Elaichi Creamand and Petit Beurre were launched. Also, in the same year a new cashew badam variant of the brand Milk Bikis and brand extension of pure magic biscuit Vanilla cream were launched, Fruit bread was launched in Delhi. The Company launched two new speciality brands in the year 1991 viz., Britannia milk bread and Britannia brown bread in Delhi and extended nationally its main brands Petit Beurre and Elaichi Cream. In 17th August of the year 1991, the Company handed over its Soya unit at Vidisha, MP to SM Dychem Ltd. BIL had celebrated its Platinum Jubilee in the year 1992. After a year in 1993, Wadia Group had acquired the stake in ABIL, UK and becomes an equal partner with Group Danone in BIL. The Company was in re birth phase during the year 1997, new corporate identity 'Eat Healthy, Think Better' leads to new mission of 'Make every third Indian a Britannia consumer' and in the same year BIL entered into the dairy products market. In 1998, BIL had launched Half/Half, a soft cake filled with cream in two variants, chocolate-vanilla and vanilla-orange. The Company had rolled out its flavored milk brand Zip-Sip' in tetrapaks in the year 1999. Zip-Sip had been launched in Mumbai and some markets in the South. Forbes Global Ranking rated the company during the year 2000 among Top 300 small companies. In the same year, the company had launched Britannia Milkman Butter, a product under the Milkman brand. BIL made its fund in-principle agreement to acquire 49 per cent of Kwality Biscuits in the year 2001 through internal accruals. During the year 2002, the company had entered into a joint venture with the Fonterra Cooperative Group, New Zealand's biggest company and one of the leading diary co-operative groups in the world and the Britannia New Zealand Foods Pvt. Ltd was born. Pure Magic, the company's product was winner of the Worldstar, Asiastar and Indiastar award for packaging in the same year 2002. After a year, in 2003, BIL had launched 'Treat Duet', most successful of the year and Britannia Khao World Cup Jao rocks the consumer lives yet again. During the year 2004, Britannia accorded the status of being a 'Superbrand' and the brand Good Day added a new variant Choconut in its range. Reviewed marketing alliance with the Kolkata-based Thacker Dairy Products Pvt Ltd. In the year 2005, Britannia New Zealand had launched health drink for adult. The new plant in Uttaranchal, commissioned during the year 2005, it was ahead of schedule. In the same year, BIL launched yet another exciting snacking option the Britannia 50-50 Pepper Chakkar. BIL had forged a strategic alliance with CCD Daily Bread Pvt Ltd in the year 2006, a Bangalore based Company engaged in manufacturing and retailing of premium breads, cakes snacks and high end ready to eat foods. In the year 2007, Britannia industries formed a joint venture with the Khimji Ramdas Group and acquired a 70 percent beneficial stake in the Dubai-based Strategic Foods International Co. LLC and 65.4% in the Oman-based Al Sallan Food Industries Co. SAOG. The company was rated as the No 1 Most Trusted Food Brand in a survey conducted by AC Nielsen ORGO-MARG and published in Economic Times in the year 2007. Britannia launched Iron fortified 'Tiger Banana' biscuits, 'Good Day Classic Cookies', Low Fat Dahi and renovated 'MarieGold' during the period of 2008. BIL was ranked 27th place in the list of India's Fastest Growing Large Companies by Business Today, Special on June of the year 2008. In 2009, Britannia took full control of Daily Bread. During the year, Britannia New Zealand Food (BNZF) became a BIL subsidiary after BIL bought out New Zealand's Fonterra from the existing joint venture. BNZF was renamed Britannia Dairy Pvt. Ltd. (BDPL). During the year, Britannia became the first bakery brand in India to remove trans-fats from 99.9% of its products. During the year, Wadia Group became the largest shareholder in BIL after acquiring stake holdings from Group Danone. In November 2011, Britannia Bread launched its new range of Health Breads in Delhi. The range consists of Honey & Oats Bread, Multi-Grain Bread, 100% Whole Wheat Bread and Multi-Fiber Bread. In 2013, Britannia launched new NutriChoice Crackers Range, a biscuit made with the natural taste of sun-kissed golden wheat. In 2014, Britannia entered into an exclusive tie-up with Amazon for the launch of its latest product Good Day Chunkies, a super-premium chocolate chip cookie. In 2015, Britannia Bourbon, India's first premium chocolate biscuit, completed 60 glorious years. In 2016, Britannia launched Cake Biscotti, India's first ever classic 'Bridge' product combining the best of the world of a cake and that of a cookie. During the year, Britannia launched its state of the art R&D Centre facility in Bidadi, Karnataka. The Board of Directors of Britannia Industries at its meeting held on 9 February 2016 considered and approved a Scheme of Arrangement under Sections 391-394 of the Companies Act, 1956 for demerger of the Manufacturing Business division and Retail Sales Business division of Daily Bread Gourmet Foods (India) Private Limited, a wholly-owned subsidiary of Britannia Industries, into Britannia Industries. On 28 March 2017, BIL announced that it has signed a joint venture agreement with Chipita S.A., a Greek company, for the manufacture and sale of ready-to-eat delicious croissants in India through a joint venture company namely Britchip Foods Limited. BIL will hold 60% stake and Chipita will hold 40% stake in Britchip Foods Limited. The estimated investment in the

Britannia Industries Ltd Directors Reports

Your Directors are pleased to present their Report and the Audited Financial Statements for the year ended 31 March 2021.

I. FINANCIAL PERFORMANCE

a. Standalone Financial Results

Rs. in Crores

Particulars Year ended 31 March 2021 Year ended 31 March 2020
Revenue from Operations 12,378.83 10,986.68
Profit before tax 2,379.44 1,908.26
Profit after tax 1,760.03 1,484.30
Interim Dividend* 3,491.41 841.64

* With effect from 1st April, 2020, dividend is taxable in the hands of the shareholders and the Company has deducted tax at source at applicable rates.

b. Consolidated Financial Performance

Consolidated Financial Statements prepared in accordance with Section 133 of the Companies Act, 2013 read with the rules made thereunder and Indian Accounting Standards (Ind AS) along with the Auditor’s Report form part of the Annual Report. Consolidated Sales of your Company for the financial year ended 31 March 2021 is Rs. 12,883.04 Crores vis--vis’ Rs. 11,443.99 Crores in the previous year, registering a growth of 12.6%. Consolidated Net Profit attributable to the owners of the Company for the financial year ended 31 March 2021 is Rs. 1,863.90 Crores vis--vis Rs. 1,402.63 Crores in the previous year, registering a growth of 32.9%.

c. Overview of Company Performance

The Covid-19 pandemic is the biggest global humanitarian crisis of our time and poses major challenges to public health systems, food security and employment. The social and economic impact of the pandemic has disrupted the lives and livelihood of millions of people and affected economies across the world. These effects were also felt by the Indian economy during the year with concerns about health and safety taking precedence over growth.

While there were challenges every single day, your Company ensured that its products were able to reach every household in times of need. This was made possible by innovative strategies to ensure material availability and increased productivity at factories, uninterrupted supplies by distributors, digital sales initiatives and safety of workers and employees.

Your Company’s ability to face adverse situations and emerge as one of the leading FMCG Companies testifies to the high degree of resilience and resourcefulness of Britannia’s employees and the success of its ongoing programs for safety, uninterrupted supply chain operations, cost efficiency, distribution expansion and investments in people and technology.

The learnings during the pandemic led to the development of new strategies and plans for the future. This is enabling your Company to address the challenges arising from the ongoing second wave of the Covid-19 pandemic with renewed focus on ensuring availability of our products without compromising the safety of employees and other stakeholders.

Your Directors wish to place on record their sincere appreciation to the Company’s employees, business partners, vendors, distributors, customers and other stakeholders for their exemplary work to deliver good results in a difficult year.

d. IT Revolution

Technology continues to change the ways of life and business. As part of technology advancement initiatives, your Company undertook a major digital revamp and implemented three transformational projects:

S/4 HANA to integrate all business processes and implement best-in-class practices across the value chain.

Online dealer management system to take sales processes to the next level.

End-to-end integration of vendor processes.

With all the core systems getting upgraded and integrated, your Company would be in a better position to leverage the large data available to build relevant business analytics and intelligence.

e. Subsidiaries, Associates and Joint Ventures

A report on the financial performance of each of the Subsidiaries, Associates and Joint Ventures included in the Consolidated Financial Statements is provided in Form AOC-1 and forms part of this Annual Report. The audited financial statements of all the subsidiaries are available on the website of the Company www.britannia.co.in.

During the year under review, Strategic Foods Uganda

Limited in Uganda and Britannia Egypt LLC in Egypt were incorporated as step-down subsidiaries of the Company.

f. Dividend

The Dividend Distribution Policy of the Company aims at rewarding the shareholders through payment of dividend. Pursuant to the Policy, the Board of Directors have declared interim dividends of:

- 8300% i.e., Rs. 83 per Equity Share of Rs. 1/- each at their Meeting held on 17 August 2020 and

- 6200% i.e., Rs. 62 per Equity Share of Rs. 1/- each at their Meeting held on 2 April 2021.

The total dividend payout for the financial year 2020-21 stands at Rs. 3,491.41 Crores. The Board has not recommended a final dividend for the financial year 2020-21.

g. Reserves

Your Company does not propose to transfer any amount to the reserves for financial year 2020-21.

h. Share Capital

During the year under review, your Company allotted 4,00,000 equity shares of Rs. 1 each upon exercise of options under Britannia Industries Limited Employee Stock Option Scheme. Consequently, the paid up equity share capital of your Company increased by Rs. 4,00,000 during the year.

i. Scheme of the Arrangement for Bonus Debentures and Payment of Dividend

The Board of Directors at their meeting held on 5 October 2020 approved the Scheme of the Arrangement between the Company and its Members for: a. Issue of 1 (one) unsecured, non-convertible, redeemable fully paid-up debenture of the face value of Rs. 29 (Rupees Twenty Nine) each, by way of bonus to the Members of the Company, for every 1 (one) fully paid-up equity share of face value of Rs. 1 (Rupee one) each, by utilising the General Reserves of the Company; and b. Payment of the dividend of Rs. 12.50 (Rupees Twelve and Fifty Paise) per every 1 (one) fully paid-up equity share of face value of Rs. 1 (Rupee One) each by utilizing accumulated profits of the Company.

The Scheme of Arrangement has been approved by the Hon’ble National Company Law Tribunal, Kolkata Bench by its order dated 7 May 2021.

The Bonus Debenture Committee at its Meeting held on 3 June 2021 allotted 24,08,68,296 unsecured, non-convertible, redeemable fully paid-up debentures of face value of Rs. 29 each, bearing interest at 5.5% p.a and approved payment of dividend of Rs. 12.50 per equity share of face value of Rs. 1 each, subject to deduction of applicable taxes, in terms of the Scheme of Arrangement, to the Members holding shares as on record date i.e., Thursday, 27 May 2021.

The final listing and trading approval for the bonus debentures was received from the BSE Limited and National Stock Exchange of India Limited on 16 July 2021 and the bonus debentures were listed on both the exchanges w.e.f. 20 July 2021.

j. Material changes affecting the Company

There have been no material changes and commitments affecting the financial position of the Company between the end of the financial year and date of this report. There has been no change in the nature of business of the Company.

II. OPERATIONAL PERFORMANCE

a. The Britannia Promise to deliver Excitement and Goodness

Your Company is committed to deliver Excitement and Goodness through its convenient, delightful, nutritious and affordable food products to consumers across all age groups and geographies.

Each of our products is made with the best ingredients and packaged to retain their natural goodness, without compromise, thereby helping us keep our promise to deliver Excitement and Goodness in every bite.

b. Business Continuity Plan (BCP)

Your Company implemented a very robust Business Continuity Plan (BCP) process to manage operations during the Covid-19 pandemic. This involved a detailed review of sales order, finished & input stocks, production, delivery and supplies to outlets, on a daily basis. The review was done to identify key constraints in operations and find timely solutions for them.

The review also covered safety of employees and business partners. This process helped the Company achieve exceptional results in very trying times.

Implementation of S4 HANA and real time dealer management system across the entire community of distributors in March 2021, coupled with the BCP Process should help quick conversion of sales order and improve product availability across outlets.

c. Supply Chain Operations

Supply Chain Operations played a crucial role in ensuring continued supply of food products to consumers during the difficult phase of the Covid-19 pandemic. Your Company’s Business Continuity Plan enabled availability of material, manpower and manufacturing capacity across factories, daily monitoring of stock and partnering with government and local communities to ensure uninterrupted supply of products.

This was also possible due to your Company’s relentless focus on operational excellence and cost efficiency programs across the value chain.

During the year, your Company successfully commissioned 3 Biscuit Lines, 1 snack line and expanded its depot at the Integrated Food Park, Ranjangaon, Maharashtra.

Your Company has a robust supply chain management process to ensure safety across the chain and delivery of safe and quality products to the consumers.

d. Environment, Health and Safety

Developing and maintaining "Zero Accident Culture" is at the core of your Company’s EHS policy. Various safety initiatives and programs are implemented to achieve this objective. Your Company, during the year, reduced recordable injuries by 14% over the previous year in the manufacturing units in spite of the Covid-19 pandemic and this was made possible by site based initiatives, such as critical behaviours awareness programs, self-audits / inspections of machines and infrastructure.

Your Company manages occupational health and safety by systematically assessing the hazards and mitigating risks through various safety programs and training for employees. All sites have been certified for implementing Occupational Safety Management Systems.

Your Company strengthened its safety policies after the outbreak of Covid-19 pandemic and ensured Covid-19 awareness programs, health screening, social distancing, workplace disinfection, sanitization of vehicles, medical insurance for workers and employees and constant monitoring of Covid-19 affected employees and their primary contacts.

The Central Medical Council constituted by the Company addresses health and hygiene needs at the workplace by engaging with occupational health experts. The experts provide requisite advice to all site based medical and paramedical staff to proactively manage health and wellness of employees.

Your Company has also constituted a Central Environment Council led by subject matter experts to enable compliance to air, water and solid waste management. Water stewardship plan is in place to conserve and recharge ground water. Your Company achieved the Specific water consumption of 0.97 liters/kg of product which is 22% lesser than previous year and this was possible due to in-house water conservation programs.

e. Quality Programs

Quality and Food Safety are paramount for your Company. As the Covid-19 pandemic continues to spread across the nation, your Company adopted stringent quality assurance processes in all its manufacturing units to ensure delivery of superior, safe and compliant products to consumers.

All the existing manufacturing units of your Company, including contract manufacturing units, are certified by an accredited third party in accordance with ‘Hazard Analysis Critical Control Points’ (HACCP) / ISO 22000 standards and operate in compliance with stringent food safety and quality standards.

After the relaxation in Covid-19 related restrictions, your Company resumed the audits conducted by American Institute of Baking (AIB) in January 2021 and received certification for 4 of its manufacturing units for compliance to Global Food Safety Standards. Your Company’s "Consumer Care Cell" continues to be compliant to the ‘Global Standards on Quality Management – Customer satisfaction – Guidelines for complaints handling in organizations’ and sustained the ISO 10002:2018 certification.

Your Company has also implemented Vendor Quality Assurance Program (VQAP) across the supply chain to integrate, monitor and control quality at all stages. Your Company reviews key supplier scorecards quarterly and drives quality improvements that provide lasting value to suppliers.

f. Research and Development (R&D)

Your Company established a World class R&D Centre in 2016 and built up capabilities towards its goal of transforming into a ‘Total Foods Company’.

R&D continued to focus on consumer centric and high quality products and developed ‘Choco-Hazelnut creme’ filled biscuit variant under ‘Pure Magic’ brand, ‘MilkBikis Atta’ product, ‘Masala Mania’ variant under the ‘Timepass’ brand, ‘Layerz Cake’ of Rs. 5, ‘Lassi’ with 2 variants - ‘Rose Classic’ and ‘Mango’ under the ‘Winkin Cow’ brand.

Your Company is continuously working on developing unique and innovative products which provide indulgence, health and nutritional benefits.

Your Company’s R&D team is also consistently working to increase positive nutrients and reduce negative nutrients in its product portfolio.

Your Company is committed to reducing 3% Sodium and Sugar in selected products during financial year 2021-22. In addition, you will be delighted to learn that R&D has successfully built capabilities to use alternate cereals, whole grains and millets in its product portfolio, thereby overcoming significant taste barrier due to use of these ingredients.

Your Company continued its efforts to ‘Make a Difference’ to the community, by investing significantly in R&D to address key nutritional deficiencies.

According to National Family Health Survey 4 (2015-16), anaemia continues to be a prime health concern across India with ~53% of the women being anaemic. In order to address Iron Deficiency Anaemia (IDA), your Company’s R&D team developed a tasty and affordable Iron & Folic Acid fortified biscuit delivering 50-75% RDA of these nutrients to the adolescent girls and women.

You will be happy to know ‘Suphoshan’ nutrition intervention program undertaken by the Britannia Nutrition Foundation (BNF), Narayana Health Charitable Trust and National Health Mission, Government of Rajasthan in adolescent school going children with iron and folic acid fortified biscuits developed by R&D team led to significant increase in the haemoglobin levels in adolescents.

Your Company is continuously working on its goal to use 100% recyclable or reusable or bio-degradable laminate packaging in its portfolio by the end of 2024. You would be delighted to know that your Company has successfully developed fully recyclable polypropylene based laminate, which was certified by premier polymer research institute.

Considerable research and development efforts are also directed towards reducing usage of plastics. Your Company has developed options to use special enhancers and fillers to reduce usage of virgin plastic by 30% in secondary packaging bags.

Your Company redesigned corrugated boxes without altering capacities and reduced the paper usage across its portfolio. This design change resulted in reducing usage of Kraft paper by ~ 7%.

Your Company is committed to retrieve plastics from the system through Extended Producers’ Responsibility (EPR) initiatives across India for multilayer and plastic packaging waste collection and energy recovery in association with PRO’s. Your Company scaled up the EPR to ~5500 tonnes of plastics during the year and a plan is in place to be plastic neutral by March 2022.

g. Environment, Social and Corporate Governance Reporting

Your Company is committed to creating a positive impact for the environment, the communities and its stakeholders. Our sustainability vision of being a responsible Total Global Foods Company is rooted in this commitment. While sustainability considerations have influenced our processes and products for several years, your Company for malizedasustain ability strategy in financial year 2020 -21. The strategy rests on 4 key pillars of Growth (Economic), Governance, Resources (Environment) and People (Social). Your Company has assigned annual targets for implementation and formulated key performance indicators (KPIs) with detailed action plans for ESG. A governance structure for oversight and implementation of the strategy has also been established. Your Company has released its first ever Sustainability Report including strategy and implementation milestones.

h. Brands

2020-21 was an unprecedented year with Covid-19 causing economic slowdown in the country. It also led to uncertain consumer behaviour throughout the year due to restrictions around mobility, safety concerns and lower disposable incomes. However, your Company’s focus on ensuring product availability despite supply chain disruptions, consistent brand building, delivering superior products with consumers’ need at heart and creating impactful communication ensured growth and market leadership even in a turbulent year. Our strong brand equity made certain that we remained consumers’ preferred choice in times that called for discerned decisions. This was made possible by a host of marketing strategies and interventions:

Spreading goodness in tough times

Your Company’s health brand NutriChoice has always stood for good choices, and with this thought, it came up with a new thematic campaign in January 2021 to remind consumers that in spite of the binge eating that has become commonplace in our lives due to staying at home for more than a year,

making a healthier choice is still in our hands.

Our leading biscuit brand, Good Day put forth multiple digital communications celebrating Covid warriors as well as nudging consumers to smile more during the gloomy times of lockdown restrictions. Also, realising the increasing importance of virtual schooling due to pandemic induced restrictions, the brand launched a mega consumer offer "Learn From Home" in January 2021. This campaign helped consumers in bringing home the joy of schooling through an opportunity to win a laptop every hour during the campaign duration. Britannia Milk Bikis launched a special film "The Unstoppables" on Teacher’s Day as an ode to teachers all across India whose unwavering spirit ensured that despite not being technologically adept, they did not let that impact education of their students.

Fortifying core brands with advertising campaigns

Good Day strengthened its presence in the market with a new campaign "Har Khushi ko Banaye Khaas" for the Cashew / Cashew Almond variant in November 2020 which talked about how it makes moments of happiness even more special.

Britannia Marie Gold with its purpose of empowering homemakers, providing strength to their resolve and giving them confidence to achieve their dreams; launched a thematic campaign "Geetaji Ka Sapna" in August 2020. This was in continuation to the 2nd season of ‘Britannia Marie Gold My Startup’ initiative which concluded in June 2020. In this initiative, your Company provided financial assistance to homemakers with entrepreneurial ideas by partnering with National Skill Development Corporation (NSDC) to launch India’s first-ever skill development program customized for women with entrepreneurial aspirations.

Britannia Milk Bikis celebrated 40 years of its unique and everlasting bond with Tamil Nadu (TN) consumers with a communication centred on celebrating childhood friendships, much like TN consumers’ friendship with Milk Bikis, which has been one of the first friends to over 3 generations of consumers.

Britannia Cheese launched an exciting activation "Star Chef" with Saif Ali Khan & Chef Shipra Khanna that allowed consumers to be the star of their kitchen by cooking with the best.

Britannia Treat Jim Jam launched anewcommunication "Anything for Jim Jam" where popular Bollywood celebrities Kunaal Roy Kapur & Varun Sharma played the role of iconic characters Jimmy & Jammy and went to extreme lengths to grab a pack of Jim Jam.

Britannia 50-50 in line with its brand belief of being unpredictable and quirky, launched an exciting new campaign around "Thoda 50-50 Ban, Life Tan Tana Tan Tan".

Britannia Toastea roped in Trisha Krishnan & Neena Gupta to showcase the quintessential saas-bahu of many Indian homes who happily multi-task their way as Home Managers, albeit after a "Karaari Shuruaat" with a bite of Toastea.

Tiger Krunch partnered up with popular celebrity Sonu Sood in the grand digital & PR activation "Krunch Khao, Punch Dikhao" to train kids on self-defence techniques from across the globe.

Britannia Cakes also delighted consumers with its fun campaigns on Layerz & Gobbles brands in October & December 2020.

Market leadership through multiple innovations

Keeping in mind consumers’ need for exciting new product innovations, Britannia brought to market several new innovations such as Pure Magic Chocolush Hazelnut, Layer Cake Rs.5, Winkin Cow Lassi (in Classic & Mango flavours) and Diced Cheese.

Invigorating intrigue in digital consumers through disruptive digital content

This year, Little Hearts continued its trend of launching differentiated campaigns for Valentine’s Day with a first-of-a-kind customised personal ad.

"The Gift" film showed how just like Little Hearts, there’s always something sweet in every little heartbreak.

Britannia Bourbon tied up with top digital influencers across India in March 2021 to launch a fun digital activation "Bourbon Blabber Mates Challenge" which helped best friends test the extent of their friendships. There were several other digital activations and campaigns such as Britannia Cakes"Mishti Moments" and Pure Magic’s "Deuce Some Magic" to ensure that the brands were always on top-of-mind for their consumers.

Embracing E-Commerce as a primary business channel

Changes in consumer shopping behaviour due to the pandemic ensured that 2020 became a watershed year for the e-grocery industry. Your Company, being the market leader in most of the categories it is present in, ensured that it kept up with the times, by focusing on visibility and availability on e-grocery platforms and marketplaces.

This thought leadership was exemplified by integration with Grofers for the launch of Treat Wafers Rs. 10 campaign as well as by the launch of an innovative Britannia Gifting website that allowed consumers to select a Britannia Shubh Kamnayein Diwali hamper, personalize it with a message & a photograph and have it seamlessly delivered to their loved ones.

i. Conservation of Energy, Research and Development, Technology Absorption, Foreign Exchange Earnings and Outgo Details of energy conservation, technology absorption, foreign exchange earnings and outgo in accordance with the provisions of Section 134 (3) (m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 are given as Annexure ‘A’ to this Report.

III. DIRECTORS

a. Appointment/Re-Appointment

During the year under review, Mr. Anil Kumar Hirjee, Non-Executive Director passed away on 27 September 2020. The Board, while condoling the sad demise of Mr. Hirjee, placed on record its sincere appreciation for the stellar contributions made by him as a Member of the Board.

Mr. Jehangir N Wadia, Non-Executive Director, who retires by rotation at the ensuing AGM in terms of Section 152 of the Companies Act, 2013, has not offered himself for re-appointment. The Board of Directors at their Meeting held on 30 July, 2021 resolved not to fill the resulting vacancy and the same is placed before the Members at the ensuing AGM for their approval. Dr. Urjit Patel (DIN: 00175210) was appointed as an Additional and Independent Director by the Board of Directors at their meeting held on 31 March 2021. Dr. Patel holds office upto the date of the ensuing AGM of the Company. The Company has received notice in writing under Section 160 of the Companies Act, 2013 from a member proposing Dr. Urjit Patel’s candidature for the office of Director. Accordingly, Dr. Urjit Patel is proposed to be appointed as a Non-Executive Independent Director for a period of 5 consecutive years with effect from 31 March 2021 upto 30 March 2026.

Dr. Y.S.P Thorat and Dr. Ajay Shah, Independent Directors of the Company will be completing their first term as Independent Directors on 12 February 2022. Pursuant to the provisions of Companies Act, 2013, Articles of Association of the Company, performance evaluation and based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors at their Meeting held on 27 April 2021, approved the re-appointment of Dr. Y.S.P Thorat and Dr. Ajay Shah as Independent Directors for another term of 5 consecutive years effective from 13 February 2022 upto 12 February 2027, subject to the approval of the members of the Company by special resolution.

Further, pursuant to the provisions of the Regulation 17(1A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as ‘SEBI Listing Regulations, 2015’), the listed Company shall not appoint or continue the directorship of a person who has attained the age of 75 years unless special resolution is passed to that effect.

In this regard, the Board of Directors at their Meeting held on 27 April 2021 recommended the continuation of Directorship of Dr. Y.S.P Thorat, Independent Director who would attain age of 75 years in November 2022 for approval of the Members of the Company by special resolution.

Mr. N. Venkataraman (DIN: 05220857), Chief Financial Officer of the Company was appointed as an Additional Director and Whole-Time Director designated as Executive Director and Chief Financial Officer by the Board of Directors at their meeting held on 30 July, 2021.

Mr. N. Venkataraman holds office as an Additional Director upto the date of the ensuing AGM of the Company. The Company has received a notice in writing from a Member of the Company proposing his candidature for the office of a Director. The Board is of the opinion that Dr. Urjit Patel, Dr. Ajay Shah, Dr. Y.S.P Thorat and Mr. N. Venkataraman possess the requisite knowledge, skills, expertise and experience to contribute to the growth of the Company. Profile and other information of the above Directors as required under Regulation 36 of SEBI Listing Regulations, 2015 and Secretarial Standard - 2 are given in the Notice of the 102nd AGM of the Company.

The above proposals for appointment and re-appointment forms part of the Notice of the 102nd AGM and the relevant Resolutions are recommended for approval of the Members of the Company.

b. Directors’ Responsibility

Pursuant to Section 134(5) of the Companies Act, 2013, the Board of Directors, to the best of their knowledge and ability, confirm that:

(i) In the preparation of the annual accounts, the applicable accounting standards have been followed;

(ii) They have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as on 31 March 2021 and of the profit of the Company for the year;

(iii) They have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

(iv) The Annual Accounts are prepared on a going concern basis;

(v) They have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively;

(vi) They have devised proper systems to ensure compliance with the provisions of all applicable laws and these systems are adequate and operating effectively.

Based on the framework of internal financial controls and compliance systems established and maintained by the Company, work performed by the internal, statutory and secretarial auditors and external consultant(s) and the reviews made by the Management and the relevant Board Committees including the Audit Committee, the Board is of the opinion that the Company’s internal financial controls were adequate and operationally effective during financial year 2020-21.

IV. CORPORATE SOCIAL RESPONSIBILITY (CSR)

Pursuant to the provisions of Section 135 of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Rules, 2014, your Company as part of its CSR initiatives has undertaken projects/programs in accordance with the CSR Policy. The details of the CSR activities are given as Annexure ‘B‘ forming part of this Report.

V. EMPLOYEES

a. Particulars of Remuneration of Directors, KMPs and Employees

A statement containing the details of the Remuneration of Directors, KMPs and Employees as required under

Section 197(12) of the Companies Act, 2013 read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is given as Annexure ‘C’ to this Report.

However, as per the provisions of Section 136 of the Companies Act, 2013, the report and financial statements are being sent to the Members and others entitled thereto after excluding the disclosure on particulars of employees. The disclosure is available for inspection by the Members at the Registered Office of your Company during business hours on all working days of the Company up to the date of the ensuing AGM. Any Member interested in obtaining a copy thereof, may write an email to investorrelations@ britindia.com.

b. Employee Stock Option Scheme (ESOS)

The disclosure pursuant to the provisions of Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 read with SEBI Circular No. CIR/CFD/POLICY CELL/2/2015 dated 16 June 2015 and Section 62(1) (b) of the Companies Act, 2013 read with Rule 12(9) of the Companies (Share Capital and Debentures) Rules, 2014 is given as Annexure ‘D’ to this Report.

c. Britannia Industries Limited Phantom Option Scheme 2021

The Board of Directors at their meeting held on 30 July, 2021 approved termination of Britannia

Industries Limited Employee Stock Option Scheme (‘ESOS Scheme’) and replacing with Britannia

Industries Limited Phantom Option Scheme 2021 (‘BIL POS 2021’) subject to approval of shareholders.

Consequently, the stock options granted under ESOS Scheme which are Vested but not exercised or Unvested as on date will be replaced with the phantom options under BIL POS 2021 once approved.

The above proposal forms part of the Notice of the 102nd AGM and the Board recommends the same for approval of the Members of the Company.

d. Disclosure on Sexual Harassment of Women at Workplace

As per the requirement of the Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013 (‘POSH Act’) and Rules made thereunder, your Company has constituted Internal Complaints Committee for providing a redressal mechanism pertaining to sexual harassment of women employees at workplace.

During the year, 2 complaints were received by the Company under Anti-sexual harassment Policy and the same has been resolved.

VI. GOVERNANCE/SECRETARIAL

a. Corporate Governance

A Report on Corporate Governance for the financial year ended 31 March 2021 along with the Statutory Auditor’s Certificate on compliance with the provisions of corporate governance under SEBI Listing Regulations, 2015 is forming part of the Annual Report.

b. Business Responsibility Report

Pursuant to Regulation 34(2)(f) of SEBI Listing Regulations, 2015 read with SEBI Circular No. CIR/ CFD/CMD/10/2015 dated 4 November 2015, the ‘Business Responsibility Report’ (BRR) of the Company for financial year 2020-21 is forming part of the Annual Report.

c. Annual Return

Pursuant to the provisions of Section 134 (3) (a) of the Companies Act, 2013 read with the rules made thereunder, the Annual Return of the Company has been disclosed on the website of the Company and Web Link thereto is: http://britannia.co.in/investors/ annual-report.

d. Whistle Blower Policy

The details of Whistle Blower Policy are given in Clause No. 8 (c) of the Corporate Governance Report.

e. Board Evaluation

The details of evaluation of Directors, Committees and Board as a whole are given in Clause No. 3(b) of the Corporate Governance Report.

f. Remuneration Policy

The details of the Remuneration Policy are given in Clause No. 3(b) of the Corporate Governance Report.

The Company’s Remuneration Policy for Directors, Key Managerial Personnel and other Employees is disclosed on the website of the Company and the weblink thereto is http://britannia.co.in/pdfs/Code_of_conduct/policies/ Remuneration-Policy-for-Directors-KMPs.pdf

g. Risk Management

Your Company has a well-defined risk management framework in place and a robust organizational structure for managing and reporting risks.

Your Company has constituted a Committee of the Board to monitor and review risk management plan. Risk management process has been established across your Company and is designed to identify, assess and frame a response to threats that affect the achievement of its objectives.

The details of the Risk Management Committee are given in Clause No. 3(g) of the Corporate Governance Report.

h. Independent Directors

Your Company has received declarations from all the Independent Directors confirming that they meet the criteria of independence as prescribed under the Companies Act, 2013 and SEBI Listing Regulations, 2015.

i. Board and Committees

The details of Board and its Committees, including number of Meetings are given in Clause No. 2 and 3 of the Corporate Governance Report.

j. Related Party Transactions

The framework for dealing with related party transactions is given in Clause no. 8(a) of the Corporate Governance Report.

During the financial year, your Company did not enter into any contract / arrangement / transactions referred in Section 188(1) of the Companies Act, 2013 read with the rules made thereunder and all the transactions with related parties were in the ordinary course of business and on an arm’s length basis; and there were no material contracts or arrangements or transactions at arm’s length basis or otherwise. Therefore, disclosure in Form AOC-2 is not applicable to the Company. In accordance with Ind AS-24, the Related Party Transactions are disclosed under Note No. 45 of the Standalone Financial Statements.

k. Public Deposits

During the year, your Company has neither accepted nor renewed any deposits from public within the meaning of Section 73 of the Companies Act, 2013 read with Companies (Acceptance of Deposits) Rules, 2014.

l. Particulars of Investments, Loans and Guarantees

The particulars of Investments, Loans and Guarantees covered under the provisions of Section 186 of the Companies Act, 2013 read with the rules made thereunder are provided in Note No. 38, 39 and 40 of the Standalone Financial Statements.

m. Significant and Material Orders passed by the Regulators

There were no significant and material orders passed by the Regulators or Courts or Tribunals during the year impacting the going concern status and the operations of the Company in future.

n. Compliance with Secretarial Standards

During the year under review, the Company has complied with all the applicable Secretarial Standards.

VII. AUDITORS

a. Statutory Auditors

The Members of the Company at the 101st AGM held on 7 July 2020, appointed M/s. Walker Chandiok & Co, LLP, Chartered Accountants (Firm Registration No. 001076N/N500013) as Statutory Auditors of the Company for a period of 5 years to hold office from the conclusion of 101st AGM till the conclusion of the 106th AGM of the Company.

The Statutory Auditors have confirmed that they are not disqualified from continuing as Auditors of the Company.

The Statutory Auditors Report does not contain any qualifications, reservations or adverse remarks on the financial statements of the Company for financial year 2020-21.

b. Secretarial Audit

Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, your Company appointed M/s. Parikh & Associates, a firm of Company Secretaries in Practice to undertake the Secretarial Audit of the Company for the Financial Year 2020-21. The Secretarial Audit Report for the financial year 2020-21 does not contain any adverse remark, qualification or reservation. The Secretarial Audit Reportforfinancialyear2020-21isgivenasAnnexure‘E’ to this Report.

c. Reporting of Frauds by Auditors

During the year under review, the Auditors have not reported any instances of frauds committed in the Company by its Officers or Employees to the Audit Committee under Section 143(12) of the Companies Act, 2013.

VIII. INTERNAL FINANCIAL CONTROLS

The details of adequacy of Internal Financial Controls are given in Clause (I) of the Management Discussion and Analysis Report.

IX. ACKNOWLEDGEMENTS

Your Directors would like to thank all stakeholders viz. customers, shareholders, dealers, suppliers, business partners, bankers, employees and all other business associates for the continuous support given by them to the Company and its Management.

On behalf of the Board
Nusli N Wadia
Place : Bengaluru Chairman
Date : 30 July 2021 (DIN: 00015731)

   

Britannia Industries Ltd Company Background

Nusli N WadiaVarun Berry
Incorporation Year1918
Registered Office5/1/A Hungerford Street,
Kolkata,West Bengal-700017
Telephone91-033-22872439/2057/2287,Managing Director
Fax91-033-22872501
Company SecretaryT V Thulsidass
AuditorB S R & Co LLP/Walker Chandiok & Co LLP
Face Value1
Market Lot1
ListingBSE,MSEI ,NSE,
RegistrarKFin Techologies Pvt Ltd
Karvy Selenium Tow-B,31&32 Financial Dist,Nanakramguda ,Hyderabad-500032

Britannia Industries Ltd Company Management

Director NameDirector DesignationYear
Nusli N Wadia Chairman (Non-Executive) 2021
Keki Dadiseth Non-Exec. & Independent Dir. 2021
Avijit Deb Non-Exec. & Independent Dir. 2021
Jeh N Wadia Non-Exec & Non-Independent Dir 2021
Ajai Puri Non-Exec. & Independent Dir. 2021
Ness N Wadia Non-Exec & Non-Independent Dir 2021
Varun Berry Managing Director 2021
Y S P Thorat Non-Exec. & Independent Dir. 2021
Ajay Shah Non-Exec. & Independent Dir. 2021
Keki Elavia Non-Exec. & Independent Dir. 2021
T V Thulsidass Company Secretary 2021
Tanya Arvind Dubash Non-Exec. & Independent Dir. 2021
Venkataraman Natarajan Executive Director & CEO 2021
Urjit Patel Addtnl Non-Exe Dir &Indpnt Dir 2021

Britannia Industries Ltd Listing Information

Listing Information
NIFTY
BSE_500
BSE_FMCG
BSE_100
BSE_200
BSEDOLLEX
CNX500
CNX100
CNX_MNC
CNX_FMCG
CNXCONSUMP
CNX200
CNXDIVIDEN
BSEGREENEX
BSECARBONE
NFT100EQWT
BSEALLCAP
BSELARGECA
BSEMANUFAC
NFTQULTY30
SENSEX50
ESG100
LMI250
BSEDSI
BSELVI
BSE100LTMC
NFTY200Q30

Britannia Industries Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Sale of Goods NA 00010821.49
Other Operating Revenues NA 000166.11
Others NA 0000
Others-Traded NA 0000
Bread NA 0000
Bread-Traded NA 0000
Biscuits&High Protein Fd-TradeNA 0000
Cake & Rusk NA 0000
Cake & Rusk - Traded NA 0000
Biscuits & High Protein Food NA 0000
Customer Loyalty Programme NA 000-0.92

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