The notice has been issued regarding compliance with the Food Safety and Standards (Food Products Standards and Food Additives) concerning the use of one of the preservatives within the prescribed limits in one of the batches of the company's product. 'There is no material impact on the financials or operations or other activities of the company on account of this notice,' said Britannia in an exchange filing. Britannia Industries (BIL) is one of India's leading FMCG companies. The company's principal activity is the manufacture and sale of biscuits, bread, rusk, cakes and dairy products. The company's consolidated net profit fell 9.37% to Rs 531.55 crore despite a 4.48% rise in revenue from operations to Rs 4,566.23 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

Revenue from operations increased 4.48% YoY to Rs 4,566.23 crore during the quarter. In Q2 FY25, profit before exceptional item and tax (PBIT) stood at Rs 715.30 crore, down 10.43% as compared with Rs 798.63 crore in Q2 FY24. Exceptional item stood at Rs 0.15 crore during the quarter, the cost was incurred towards contract labourers of the factory. Total expenses increased 8.39% to Rs 3994.87 crore in Q2 FY25. Cost of material consumed stood at Rs 2578.05 crore (up 12.94%), employee benefit expenses was at Rs 232.28 crore (up 45.29% YoY) and finance cost stood at Rs 34.64 crore (down 35.16% YoY) during the period under review. Varun Berry, vice chairman & managing director, said, 'A approximately 8% volume growth with a sequential increase in revenue and operating profits are satisfactory results in the face of severe commodity inflation leading to a tepid consumer demand scenario in most FMCG categories In the context of steep rise in prices of key commodities such as Wheat, Palm, Cocoa etc, we demonstrated agility in initiating focused pricing actions and identifying new levers for cost optimization across the value-chain. As a result, we maintained a healthy operating margin of ~15.5% during the quarter. Our agenda of being a 'Total Global Foods Company' is progressing well with our adjacent businesses such as Croissant, Milk Shakes, Wafers and International growing at a healthy pace. Making strides in this direction, we are working on redefining our distribution strategy to optimize range distribution and improve outlet servicing, and the preliminary results of the pilots across 25 cities covering more than 50,000 outlets are encouraging.' Britannia Industries (BIL) is one of India's leading FMCG companies. The company's principal activity is the manufacture and sale of biscuits, bread, rusk, cakes and dairy products.Powered by Capital Market - Live

Net profit of Britannia Industries declined 9.55% to Rs 531.45 crore in the quarter ended September 2024 as against Rs 587.59 crore during the previous quarter ended September 2023. Sales rose 4.48% to Rs 4566.23 crore in the quarter ended September 2024 as against Rs 4370.47 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales4566.234370.47 4 OPM %17.0819.94 - PBDT791.37870.31 -9 PBT715.30798.63 -10 NP531.45587.59 -10 Powered by Capital Market - Live

The Board of Britannia Industries at its meeting held on 11 November 2024 has approved the appointment of Jehangir Nusli Wadia (DIN: 00088831) as an Additional Non-Executive Non-Independent Director of the Company with effect from 11 November 2024. Powered by Capital Market - Live

Britannia Industries will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live

Britannia Bel Foods, a leading Cheese player in India, today marked a significant milestone in its growth, nearly two years after being established as an ambitious joint venture. The company announces the inauguration of its Cheese factory in India, dedicated to the local production of Britannia The Laughing Cow products, reinforcing its commitment to serving the best quality products to Indian consumers made locally. Maharashtra is a leading state in India for milk production and boasts of a mature well integrated dairy ecosystem, making it the ideal choice for the Cheese factory location within Britannia's Dairy food park in Ranjangaon. The plant is fully integrated with a robust milk procurement program, sourcing ~4 lakh liters of 100% cows milk daily from over 3,000 farmers in Pune and surrounding areas. Britannia has scaled up the milk procurement program within a few years to 70 Village-Level Bulk Milk Coolers installed within a 100 km radius from the factory, spanning 10 tehsils in the Pune and near districts. This initiative supports local farmers, ensures a sustainable supply chain, and reinforces Britannia's commitment to community and agricultural development. Britannia's Milk Collection Centers have advanced testing capabilities, ensuring that raw milk quality is assessed across 31 quality parameters at site and 20 additional parameters at unloading before being accepted at the factory. To support the local community of its 3000+ milk farmers, Britannia operates an integrated support program focused on three pillars of management, breeding and feeding of cattle. The program encapsulates enabling best farm practices such as door-to-door animal health camps, farmer training & breed training programmes, quality fodder seeds distribution and a transparent direct payment services to the farmer. The farmer program is integrated with Britannia's village development and malnourishment programmes under the efforts of Sir Ness Wadia Foundation and Britannia Nutrition Foundation. With an investment of nearly 220 crores from the Joint Venture including the Britannia Dairy facilities being leveraged, the new Greenfield factory is located in one of Maharashtra's largest food parks. It is integrated within Britannia's state-of-the-art dairy production facility, which produces a comprehensive range of Britannia dairy products including now Britannia The Laughing Cow Cheese with a full range of products: slices, blocks, spread, diced and cubes. Equipped with 5 production lines, the facility boasts a total production capacity of approximately 6,000 tons per year for natural Cheese varieties like cheddar and mozzarella, and around 10,000 tons per year for processed Cheese. Britannia Industries (BIL) and Bel Group entered into a joint venture in December 2022. Bel acquired 49% stake in Britannia's wholly owned subsidiary in BDPL (Britannia Dairy). The entity thereafter is renamed as Britannia Bel Foods Private Ltd. The products will be co-branded using the trademarks 'Britannia' and 'The Laughing Cow' and will be introduced in innovative formats, to ride on the fast-growing Cheese category in the country. Currently, Britannia The Laughing Cow offers different formats in the country namely Cheese slices, blocks, cubes, Cheese portions and sachetsPowered by Capital Market - Live

Britannia Industries Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 5839.85, up 0.04% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 24824.75. The Sensex is at 81098.08, up 0.24%. Britannia Industries Ltd has dropped around 1.76% in last one month. Meanwhile, Nifty FMCG index of which Britannia Industries Ltd is a constituent, has dropped around 1.35% in last one month and is currently quoting at 63091.9, up 0.42% on the day. The volume in the stock stood at 46521 shares today, compared to the daily average of 3.15 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 5834.95, down 0.02% on the day. Britannia Industries Ltd is up 29.42% in last one year as compared to a 27.67% spurt in NIFTY and a 22.1% spurt in the Nifty FMCG index.The PE of the stock is 64.98 based on TTM earnings ending June 24.Powered by Capital Market - Live

Britannia Industries announced that Avijit Deb (DIN: 00047233), Dr. Ajai Puri (DIN : 02631587) and Keki Dadiseth (DIN:00052165) have retired upon completion of their term as Non-Executive Independent Directors of the Company on 11 August 2024. Powered by Capital Market - Live