Britannia Industries said that the demand for consumers remained submissive for most of the year due to the inflationary pressures and the overall economic slowdown even if the competitors have exerted pressure on prices and profitability. The biscuits of biscuits owned by Nusli Wadia said that while the demand tendencies stabilized, the increase in the costs of key goods is a problem.
“The high prices in particular for key goods such as wheat, edible oil, cocoa etc.
Briannia recorded a 7% increase in revenues at RS17943 crores during the tax year, while net profit increased by 2% to RS2178 Crore. The remuneration of Varun Berry, executive vice -president of the company and CEO dropped 8% to RS15.74 cror during the year. The percentage increase in the median remuneration of the company’s employees was 13.37%.The demand for daily food, family members and personal products worsened at a minimum of two years in the March quarter. The growth in sales of the FMCG volume in the January quarter was 3.5%, the slowest since the quarter of March 2023. A year ago, the market had grown by 5.5% in the same quarter, according to Kantar.
The company behind Good Day and Tiger Biscuits said that rural markets began to show signs of recovery, supported by the increase in agricultural income and increased manufacturing activities in some sectors.
“AMIDST this challeuring business environment, Britannia Maintained its market leadership by focusing on distribution expansion, consistent brand investments and competitive pricing. Additionally, strategic investments such as supply chain optimisation and implementation of technology driven solutions along with robust robust Cost Efficiency Programs Helped the Company Mitigate Rising Costs While Ensury Ensuring Product Availability Across Urban and Rural Markets, “Aided Britannia.
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