Britannia share price gains on growth plans

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New Delhi | Updated: November 23, 2015 4:19:50 PM

Britannia share price gained as much as 1 per cent in the morning trade on Monday after the FMCG major aimed at Rs 20,000 crore turnover within 5-6 years.

Britannia share price, sensexBritannia share price gained as much as 1 per cent in the morning trade on Monday after the FMCG major aimed at Rs 20,000 crore turnover within 5-6 years.

Britannia share price gained as much as 1 per cent in the morning trade on Monday after the FMCG major aimed at Rs 20,000 crore turnover within 5-6 years.

At 11.51 am, the share price of Britannia Industries was up 0.75 per cent at Rs 2990.05. The scrip opened at Rs 2,975 and had touched a high and low of Rs 2996.40 and Rs 2974.35, respectively, in trade so far.

The share price of the company closed 0.41 per cent up at Rs 2,980.

As part of the strategy, the company, which had posted consolidated net sales of Rs 7,775.09 crore in the last fiscal, will finalise in the next six months its plans to expand in dairy segment besides introducing new variants of its value segment biscuit brand Tiger.

Moreover, in the next two years and beyond the company plans to expand into ready-to-eat, ready-to-cook and drinks category in a phased manner.

“We have the core strength…our brands are very strong and our understanding of the food industry is very deep…Our idea to become a total food company is to move from the side of the plate to the middle,” Britannia Industries Managing Director Varun Berry told PTI.

In the past one year, the share price of Britannia Industries surged 77.25 per cent to Rs 2967.75 on November 20. The scrip was at Rs 1674.30 on November 21 last year.

(With inputs from PTI)

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